It may be that I'm not as tied up as I think, so let me give a brief description of the situation and maybe somebody can throw some education my way.Basically, my brother has a few rental properties and would be required to pay 20% down if he tried to purchase another.

He is also tied into other things, so he is not consistant.

Equity is the net remaining interests after all superior liabilities.

You will find a couple of pockets in town where property values are on a heavy incline while taxes remain low.

Revocation, death etc.The listings remain with the brokerage so if your friend remained with said brokerage she shouldn't have them moved to another agent.

Buyers are saying that they do not qualify through their lender for the remaining amount to be mortgaged.

Good luck :)No.Didn't plan on writing it up myself.Come to find out a friend of a friend referred me to a lawyer that's on BP.I simply wanted to understand the situation a little more before I walked into his office.I'm not trying to fleece the buyer, but the buyer wants me to tie up my property with him on payments when I could actually get a cash deal now.Interest rate and terms will be agreed upon by both parties before the buyer puts down his Option Deposit.I will have my lawyer draft the documents and I'm sure he would want his lawyer to review them to protect himself.He will not live in this unit.He will continue living in his current residence but rent this unit out as an investment property.Thanks for all the sage advice guys!

I can see the sellers point if you only gave the seller one dollar to tie up their property, and you bring so call buyers might spook the tenants in moving.

I think tying up as many short sales right now is important to keep the door open to a good deal.

I will make the offer "contingent upon inspection by my business partner (end buyer)"I do see what you are saying, and I do not want to tie up anyone's property if I do not honestly believe I can close with an end buyer.