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Sunday, March 31, 2013

How to Handle Complicated Situations in Today's Seller's Market

So, the counter offer came back from the seller (REMEMBER, it's multiple counter offers meaning seller is making counter offers to different buyers at the same time with the same OR different price and terms, so even if you accept all the counter terms and price, you're NOT guaranteed to get it) requesting -
1) removal of appraisal contingency.
2) property sell "as it is".
3) no termite inspection by seller
4) earnest deposit to be 3% of purchase price

Now, you're concerned if anything happens you won't get your earnest money back. It's a legitimate concern! So talk to your experienced REALTOR, she'll have strategies for entering as well as exit.

Real estate is a sciece AND art indeed. I'm learning everyday and I'm fascinated.