Re: Purchase of a new home
I'm with Chuck and his comment. I realize how all of you TV residents love the place, however, 20% down in 7 days knowing that you may lose itif you cannot go with it, is bad business. I have never heard of "no inspection" before closing. So from everything I've read so far, if we want to buy in TV, we better look at pre-owned homes so we can have the closing terms that everyone goes by. You put down earnest money, house goes through inspections, you give your 20% or more at closing time. I'm not about to take $60,000 or more out of savings/investments (and lose interest that can be earned at the bank or mutual fund) with the stipulation if something happens and we have to back down we lose it. Losing $2500 is one thing...20% of price of home is another. Seems to me the developer is all about making money and not very ethical in my opinion.
Pili
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