I would separate commercial explanations from regulated decisions. The developer or seller can explain its price, payment deadlines, available terms and documents it issues. The lender must confirm its own approval and release timing, while questions about legal effect belong with an...
At 28 days, I wouldn’t assume the seller is distressed, but 8% below asking is still a defensible opening if $1,246,600 reflects your limits. Decide your maximum and appraisal-gap tolerance before submitting. Otherwise a quick counter can turn the discussion into small increments until you are...