Ronald H.
Seller wants $10K deposit. Why so high, I wonder
Have a seller, who will accept my offer. My offer is at his price, which like most seller's is going to end up too high. The ARV being used by the seller is going to be high.He asked for EMD. I said will $500.00 be en...
S Harper
Seller disclosure said leased appliances - no, turns out yes
Here is an odd one that I would love feedback on.Bought a multifamily with a shared laundry room which included a coin operated w&d.Seller (let's call him Steve) disclosure had a line asking if there were any leas...
Jessica H.
Talking with motivated sellers but not a "people person"
Being relatively new to REI ,I have talked with motivated sellers but I myself am not a big people person and frankly it is not my favorite thing to do. My sister who is also an agent has volunteered to take this posi...
Cheryl Craigo
Requesting Recommendations for Setting up a Seller Finance Deal
I am working with on a lead to purchase a for a 950 sq. ft - 2/1 Condo with seller financing. The current Owner, is a friend, who holds the property free and clear. They no longer live in the property and does not wa...
Adam Glassman
Why dont real estate agents listen to the seller?
So this is a long post but worth the read as it's educational, big time. I am selling off some of my 2 family homes as you might know and my property managers who are also the agents for me wouldn't listen to me. I sa...
Erik D.
Seller All of a Sudden Cannot Afford Pending Assessments
I have been working on buying a condemned duplex for quite some time now.I've gotten bids from general contractors, a structural engineer's report, etcEverything is set for closing, the lender is ready, I am ready, al...
Yash Patel
Seller Wants to Back Out - Can he? Please help
We signed a contract to purchase ($700k) home and entered into escrow. The home inspection showed a lot of repairs, so we decided to cancel the contract. My realtor sent “Cancellation of Contract” to the seller.
The ...
Cody Cross
Seller Financing vs Getting A Loan From The Bank
I have a deal under contract currently for $130,000. It's a tri-plex in Louisiana. I'm in contact with a local commercial bank and the seller is willing to finance the deal at 8% on 15 years or I can get a loan from t...
Paul Haviland
Installment Sales, Seller Financing, and a Stepped Up Basis
Hi everyone -
Looking for a few quick answers so as not to mislead a potential Seller.
Is an installment sale (land contract) treated the same as seller financing (complete transfer of ownership with Seller carryi...
Kevin Allen
Does seller have to disclose their home address? (Pennsylvania)
In selling a property, does seller have to state their home address or is a Post Office box address accepted? In this case buyer was asked for a home address and submitted it; seller has only stated a PO Box. This i...