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Updated over 6 years ago, 04/21/2018
Long Closing Time | Which is better Option or Earnest?
Hi BP!
Two questions, this is my second flip, I’m selling and an offer came up with
$115K
$1300 Earnest
$100 Option (7 days)
45 days to closing
I think it’s too long for the closing, why would a buyer want so long for closing, and which is more important to have higher Earnest or Option money?
Thank you!