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Updated almost 7 years ago on . Most recent reply

Non-refundable deposit to make an offer?
Hello All!
I'm looking to buy a single family property for $90,000- gets 17% ROI and recent updates to major ticket items. The catch is the seller (FSBO) wants $2000 non-refundable to submit an offer. She said the reason was she doesn't want to mess around with people who are not serious buyers. Seems a little off to me, but as a new investor I'm in the dark. I've read as many articles as I can about it and it seems like this is more standard when it comes to Wholesaling. Can anyone offer advice on whether this non-refundable deposit is reasonable or not?
Thanks for your time!
Most Popular Reply

Justin Campbell are your sure its for sale by owner? Has wholesaler written all over it. Check the tax records