They will say that even though the market has been red hot here in CA so I know that they are not really closing any transactions.

How old are the furnaces, hot water heaters etc....This is stuff you need to figure out during your due diligence.  

I recently went under contract on a property for $400,000 (no financing) in a very hot market.

As a former accountant, I can tell you that the IRS started cracking down HARD on that issue over 20 years ago and they (plus each state) LOVE to find fields of biz that are ripe for he picking and whack them hard, over and over and the flipping/rehabbing, etc field is apparently one of the hot ones now!

When a buyer or seller is hot ... close and sign, make sure your appointments are made when all parties are present too, otherwise they turn cold and blame it on the one who wasn't there! 

:wink: All those charts and graphs....ugh....who can keep up with all that hot mess?

I saw two broken hot water lines to the upstairs registers, and have no idea the condition on the boiler.

The chimney was used to vent the furnace and hot water heater combustibles.

2. they have received other offer but not cash, and the seller agent says sometimes they dont will not counter and will just accept someone else offer because she says there were otehr offer but not cash. this property is pretty hot becuase it was listed for 2 weeks before and went to escrow and fell through should i really offer 150?

Hami Hot it was not a foreclosure.