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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I did the same as you, and deposited $15,000... also, they would not stop showing the house, My only contingencies were the sale of my house which was closing in 2 weeks confirmed and a walk through (since it was bought sight unseen)... they continued to tell me they had people interested in buying the house and said if I removed the "walk through" and sale of my house, for contingencies they would take it off the market. I told them, although the sale is 2 weeks away (my agent even called them to confirm) If they died unexpectedly , could get hit by a car etc, the sale would fall through and I would loose my $15,000 deposit, and in no way would I NOT do a walk through. Also, got the house appraised before buying and told them I would only pay appraisal price. No more no less, the house appraised 8,000 LESS and they were furious at me, oh, well, they had to lower the price... something to think about. Enjoy the Villages, its the best thing I ever did.
Oh ya, ck for homes with BOND paid in full. These are in older communities... so worth established residences.