SFH #1 is under contract again!

The buyer and I reached a comprise today and tomorrow when we fax back the accepted counteroffer SFH#1 will be under contract again. As a lessoned learned from last month, I know that it’s not a done deal until I have my money in hand. To make sure the buyer would close, or to give him more incentive, the earnest money is $5,000 and non-refundable. This means that if he doesn’t close due to the inspection, financing or whatever, he doesn’t get the earnest money back. I think that the fact that he accepted those terms makes him a very serious buyer.

Now I have to find a place to live in under a month. I’m not sure if I can find a good enough deal that fast but I’m going to try.

About Kenric

My blog about living life to the fullest by generating passive income through real estate, business and online investments.
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