Updated over 7 years ago on . Most recent reply
Long Closing Time | Which is better Option or Earnest?
Hi BP!
Two questions, this is my second flip, I’m selling and an offer came up with
$115K
$1300 Earnest
$100 Option (7 days)
45 days to closing
I think it’s too long for the closing, why would a buyer want so long for closing, and which is more important to have higher Earnest or Option money?
Thank you!