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Updated over 8 years ago on . Most recent reply

Bill Nce's profile image
Bill Nce's profile image
Bill Nce
  • from Orlando, Florida
  • Member since Sep 3, 2016

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Bill Nce's profile image
Bill Nce's profile image
Bill Nce
  • from Orlando, Florida
  • Member since Sep 3, 2016
Bill Nce
  • Orlando, FL
0
Votes |
7
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Buying & Selling Real Estate

Cash offer on property

Bill Nce
  • Orlando, FL
Posted

I am a new realtor, I have a house seen on the mls that only accept cash offer. My fear is there some kind of loan or taxes due on the property.They require 2,000 deposit. How can I submit an offer without losing my deposit if a title search come back with lien etc... Is there something specific  or clause to put in the contract. Any help is accepted  Orlando fl

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Justin Stamper's profile image
Justin Stamper's profile image
Justin Stamper
  • Investor
  • from Orlando, FL
  • Member since Apr 17, 2012

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Justin Stamper's profile image
Justin Stamper's profile image
Justin Stamper
  • Investor
  • from Orlando, FL
  • Member since Apr 17, 2012
Justin Stamper
  • Investor
  • Orlando, FL
301
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Justin Stamper
  • Investor
  • Orlando, FL
Replied

Yeah man your contract should have something saying all deposits are refundable if there is not a clear title. If you are using a FAR/BAR contract it should already be in there.

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