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Updated almost 7 years ago,
Buyer asking for long closing time? Option or Earnest Better?
Hi BP!
Two questions, this is my second flip, completed the work in the house, I’m selling and an offer came up with
$115K Total
$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!