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Updated almost 13 years ago, 02/21/2012

User Stats

628
Posts
251
Votes
Don Hines
  • Investor
  • Little Rock, AR
251
Votes |
628
Posts

Happy problem

Don Hines
  • Investor
  • Little Rock, AR
Posted

We held our second open house yesterday. Now I have a delima to solve.
I HAVE TWO OFFERS!!!!! Both require about the same in seller's assistance.
Both are good with one being a full price offer and 3% assistance. The offer has $0 earnest money but a prequalified buyer. The buyer has been through a "training" course similar to NACA. But, it is a state sponsored program that I didn't know about.
The second offer so far is not as good. But it is a straight up prequalified buyer offering almost $5000 less than the first with $500 earnest money. I have told their agent to have the buyer reconsider the offer and gave them till noon today.
Should I be concerned with an offer that does not contain earnest money. I really don't have any doubts this deal will go through. I want that $5000!!!
Don
PS
Both are prequalified.
Don

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