The Offer, the Inspection and the Money
By Ken Montville, The MD Suburbs of DC
(RE/MAX United Real Estate)
In a recent post about Counting Chickens Before They're Hatched, I mentioned that I feeling pretty good about things until the inspection came along and had a lot of stuff on there that the Seller really hadn't expected. Of course, the Seller had all their money tied up in the house and, to make matters even more interesting, the Sellers had moved out of the area and weren't planing on coming back. So here we were with lots of little and not-so-little repair items, a Seller with no money (yet) and me facing the possibility of coordinating multiple contractors to do various things around the house. Not pretty. Even if the Seller had money, they had already given up the max the lender would allow in closing help at the time of the offer. You see, the buyer wanted every last nickel out...
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