If you were buying my home for Cash I would require a substantial down. A good faith $1000 down is what you did in 1950, this is a new market and you need put down a minimum of 10% if you truly have cash for me to consider your offer. The way you are buying is a risky deal, no background just cash.
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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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