We received a contract on our home in N.Va. in August of this year. Agent said this is a good contract, but going VA for the buyer takes time, should be no problem and he had put down a sizable amount on our home.
We immediately took off for the Villages and were taken around by one of their agents looking at new homes.
We mentioned that we tried to move down 4 yrs ago but home wouldnt sell, and we put down a $1500 deposit, which we eventually lost after a good while.
We found our perfect new home, the agent said we would have to put $40,000 down on it and if not settled in 30 days with balance we would lose it.
We said whoaaa, no way I would take a chance like that, anything could kick out.
We started looking at re-sales and eventually bought one in September, paying cash for it which in which we were going to do with the new one.
$40,000 is one big risk.
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