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18 August 2016 | 8 replies
Ask them if it would be alright to find them a buyer at no cost to the seller for a small fee with no contingencies.
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20 August 2016 | 3 replies
How long -- Time on the market and price (reduction) are close cousins -Price softens as time moves on and motivation and reality is realizedEverything will sell at a price -The first thing I'd want to do is get the history of the property - how long on the market, why is it vacant - what's the reason for selling - is it listed - look at listingWhat is the mortgage balance - is it current or in the arrears - What other liens or obligations are on the propertyHow many owners - decision makersWhat is the commission - will agent splitAre they open to a reasonable and creative offersDo they want any profit or to just get it out of their nameCan down payment be paid over time -How much paper with they accept - delayed payments - principal mortgageWho is the decision makerHow fast do they want to settleEverything is negotiable - CONTROL IS KING - learn how to control real estate - it is a short cut to cash flow - it is the best way I know of assigning properties.Who controls real estate - An agent with a listing agreement (treat them well - they are in control for a period of time)An accepted option agreementA buyer with an accepted contract of sale with contingencies
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20 August 2016 | 2 replies
If we decide to make an offer, is it possible to either 1.) make the sellers put the full price of repairs in escrow (even though the other unit holders will benefit from the improvement); or 2.) make the offer contingent upon the condo association putting a certain dollar amount in escrow to handle the repairs; or 3.) do a combination of 1 and 2 saying that if all of the owners don't put a certain dollar amount in escrow by a certain date then the sellers pay the full amount of forfeit the deal?
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9 September 2016 | 55 replies
My appraisal addendum expires Tuesday evening (was already extended by mutual agreement) to attempt to find resolution, so looks like my cost is just an appraisal.I feel bad for the folks as they are looking to move out of state and have a deal going at their destination... sure hope they had contingencies on closing this sale so they aren't loosing their earnest money, although by the tone of the sellers responses it sounds like they are getting hammered on both ends.
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28 August 2016 | 2 replies
Sales contracts have an inspection and repair contingency where Buyer can have an inspection done and terminate the contract if any issues arise.
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16 February 2022 | 4 replies
Just ensure you did your arv numbers right and stay on budget (ensure you have a contingency or buffer in Reno costs).
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22 August 2016 | 17 replies
Your offer could be contingent on the outcome of that inspection.
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21 August 2016 | 1 reply
Try to keep the contingencies to a minimum, and a decent amount of earnest money will help too as long as you know you can close on schedule.Maybe it was just a coincidense that you were both there at the same time.
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29 August 2016 | 15 replies
Luke Grogan When writing an offer, your offer will either have a financing contingency or it won't.
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22 August 2016 | 6 replies
Is your deal contingent on financing?