@Jeremiah Hilliard, if you owned and lived in the home as a primary residence 2 of the last 5 years, you have a capital gain exclusion of $250k (gain) if you're single and $500k (gain) if you're married filing jointly on combined lien amounts up to $1.2MM on a primary and secondary residence. 

Hi all,In what form do you accept a buyer's earnest money deposit?

If you hire a real estate agent insert the disclosure in the listing agreement and make them aware of it, and then when negotiating the sale insert a paragraph in your response or if you accept; write an acceptance letter with a paragraph identifying the encroachment of the fence into neighboring land.

This is however subjected to an acceptable terms by both parties involved.

If this is the case, I assume there is a mortgage and one rule with banks about accepting a short sell price is that both parties do not know each other.As for the financing,  you need a bank or broker for an investment loan or if there is 40K in damages, was it a fire or closed to condemn and requiring a rehab?

If you are coming in with cash you have a much better chance of getting your offer accepted.

I just posted a blog - the 6th installment of The Science of Finding Deals forum and blog posts exclusive to the Biggerpockets community.It's a long read...but I promise, it's worth it.

The bank wants a qualified buyer, at an acceptable price, period.  

What happens if I get a house under contract and cannot get a buyer to accept and close the deal?

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