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Real Estate
Reply to "Protection Against Flaky Buyers"
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[quote=Anonymous][quote=Anonymous] In California real estate, agents protect against flaky buyers by: (1) requiring an earnest money deposit of 20-25% on any contract; (2) allowing only a five-day window for inspection and release of all contingencies; (3) contractually scheduling the closing no more than twenty days after the offer is accepted; (4) requesting that the 20-25% deposit be transferred from escrow to the seller upon the release of all contingencies; (5) accepting offers with no financing and inspection contingencies; or preferably (6) accepting only all-cash offers. If local realtors are indeed seeing an increased issue of "flaky buyers", it is time to start to demand some or all of the above terms in any offer you consider. [/quote] Since you decided to re-post your "wisdom", I'll reiterate: Haha, talk to us after the tech and real estate bubble pops and we will see the terms you demand. You are only able to do this because of unprecedented demand from unicorn buyers. Watch the Square stock price, it will be a harbinger of your continued sales success; it's had a nice pop from it's messy IPO pricing, but it's still devalued from it's private financing valuation. [/quote]
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