The Buyer is concerned the Seller may sidestep their agreement altogether, going with another offer because the Seller believes the lack of deposit relieves her of any obligation to the agreement.Initially I thought that with no deposit there is no "consideration" thereby making the contract unenforceable.

My concern is that property costs here seem to be rising pretty quickly and most good houses are being scooped up quickly by cash buyers (lots from overseas).

I assume the appraisal is only based on the "official" home.I would be at least moderately concerned that you have space being leased out for habitation purposes that is not on the city and tax assesssor's radar.

I'm not opposed to that, I prefer it actually, its just the cost that I'm concerned about especially considering this is my first property.

My concern is being a landlord from a distance and would prefer to move the property as quickly as possible.

I've been writing offers for clients main in Spokane, Tri-Cities, Snohomish/King County and properties are being absorbed extremely quickly often times with multiple full price offers no finance contingency.

When she did call I tried to address her concern in 24 hours.

This is largely due to extreme stagnation at my job and a diminishing income.

Unfortunately, this is a big concern these days for rehabbers selling to FHA buyers.

Here is a story of what actually happened that may give you some insight as to the value of a partnership.My father, an old time real estate investment and development pro, joined a partnership with two other old time real estate investors and developers and an extremely successful salesman.