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Re: offer to buy house
- To: http://www.juno.com/~margaretch (Margaret), http://www.juno.com/~w1few (Richard), http://www.adelphia.net/~bhavani (Richard)
- Subject: Re: offer to buy house
- From: http://dummy.us.eu.org/robert (robert)
- Date: Wed, 30 Jul 2003 18:48:57 -0400
- Cc: http://dummy.us.eu.org/noelle
- In-reply-to: <qhACrdA5nhMkIo5YNkQACA@robert>
- Keywords: http://www.juno.com/~margaretch
OK, here's the latest.
1) The other buyer is willing to put 20% down (i.e., take a 80% loan) and
put a 5% earnest-money deposit with the Purchase and Sale Agreement.
2) This buyer told me the best he'd be able to do is a 3% earnest-money
deposit with the PSA, but keep the 97% loan. He also suggested that I
might be able to convince the other buyer to be on a "waiting list" in
case the deal with this buyer falls through. (I'm very dubious about
that particular idea.)
So, really, the question is whether I go with the rich, financially stable
guy or whether I go with the less rich guy.
What is your vote?