Quote:
Originally Posted by Patents111
My plan is to purchase an existing home in TV. I will offer all cash with few or no contingencies. In Northwest Virginia, such an offer is typically accompanied by a good faith deposit of about $1,000. I assume it would be higher in TV and that the agent or realtor would like it to be as high as possible- the number and type of contingencies might have an effect also.
For any who have bought an existing home in TV, what amount of deposit was requested, offered by you, negotiated or finally accepted. Many thanks.
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Do you plan on using a Realtor, or do you plan on making a cash offer directly to a owner bypassing a realtor. Your not buying a used car your making a large purchase and planning to pay cash / bank check. Personally I used The Villages Realty took out a small mortgage especially with the interest rates so low. Closed in 30 days and everything went real smooth. Paying all cash only benefits the Seller if they are looking for a fast deal. But Really, I closed in 30 days and thats with getting a mortgage. Make certain you have a HOME INSPECTION done and remember location is everything.