Talk of The Villages Florida - View Single Post - Beware of CASHNOW777 if you are selling your home
View Single Post
 
Old 02-19-2021, 10:14 AM
y2kmajor y2kmajor is offline
Junior Member
Join Date: Aug 2015
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Thumbs down Beware of CASHNOW777 if you are selling your home

This is based on my own personal experience. They will send you a Purchase Agreement (via DocuSign) with $100 DOLLARS earnest money to be deposited with 30 days and wants 190 days days to close.

What this means is they would have no skin in the game while to try to find a buyer and can close without any out-of-pocket monies.

In my case, they offered me a NET amount at closing ON THE PHONE but the Purchase Agreement they sent me showed it as the PURCHASE PRICE which means that commissions and any closing costs would be deducted at closing.