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Does anyone have experience selling to a trust?

Hey there, we are selling our house in CA, and there is a trust representing their client who would like to purchase the house, but they haven't made an offer yet. The person the trust is representing is rather famous and is taking a very long time to submit a formal offer, but this person and their team have been to the house five times already, with another visit planned this coming weekend. Our agent said their trust needs to ensure they can procure insurance before making a formal offer. But how long does that take? We're talking weeks of waiting.

The buyer and their agent insist they love and want the house, but they need the trust's stamp of approval before moving forward. Again, they have been to the house five times already, the trust, their kids etc.

We haven't had much interest in the house outside of this person, so we're not really in a position to be pushy, but I'm getting to a point where we'd like to lower the price and get it moving. We're planning a big move for work, and at the moment, we're stuck in limbo.

If anyone has any experience with selling to a trust, I'd love to hear about it. Thank you!

submitted by /u/ipetgoat1984
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source https://www.reddit.com/r/RealEstate/comments/1jjj0fh/does_anyone_have_experience_selling_to_a_trust/
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