Selling my first property since I started buying a few years ago. I have a few questions.
Buyer is requesting a 45 day with 15 day exstension for the closing date. Is there a reason for this? (He doesn’t want a 60 day closing date and he says his mortgage people can’t clsoe sooner becaus eof this clow time of the year… ha)
Buyer wants sale contigient on inspectino , which is fine except that the price is not moving. It wa s an “as is” price.
Buyer wants only $1,000.00 deposit instead of usual 10%.
How do these terms sound? I wanna sell this property to get some cash and he the only buyer to get this far in months…
When I buy I get 45 days but I close in 30. As long as you don’t put a penalty on closing late (like $100 day for every day past 30 days) I would not have a problem with it.
The sale is always contingent on inspection anyway. “As is” means you won’t fix anything I find, but if I find that you have no plumbing I can still back out ot the deal. That inspecion period is usually 7 days.