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Updated about 11 years ago on . Most recent reply

Bob Ebaugh's profile image
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Bob Ebaugh
  • Investor
  • from Saint Petersburg, Florida
  • Member since Nov 22, 2013
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Bob Ebaugh's profile image
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Bob Ebaugh
  • Investor
  • from Saint Petersburg, Florida
  • Member since Nov 22, 2013
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Bob Ebaugh
  • Investor
  • Saint Petersburg, FL
29
Votes |
73
Posts
Foreclosures

Homepath Cash Offer 100% Earnest Deposit

Bob Ebaugh
  • Investor
  • Saint Petersburg, FL
Posted

I just had an offer countered by Homepath for a property on the market now for 3 months where they want the full purchase price as an earnest deposit. Anyone else seen that? While it looks to be in pretty good shape, I'm a little hesitant since inspections might find something unknown. And also concerned after that that there could be delays closing. Hmmm...

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Bob Ebaugh's profile image
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Bob Ebaugh
  • Investor
  • from Saint Petersburg, Florida
  • Member since Nov 22, 2013
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User Stats

73
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Bob Ebaugh's profile image
Bob Ebaugh's profile image
Bob Ebaugh
  • Investor
  • from Saint Petersburg, Florida
  • Member since Nov 22, 2013
Connect
Bob Ebaugh
  • Investor
  • Saint Petersburg, FL
29
Votes |
73
Posts
Bob Ebaugh
  • Investor
  • Saint Petersburg, FL
Replied

The purchase price is 50-55K, for an 800 sqft 2/1. My initial offer was 10% EMD, since I knew that was the "standard" for a Homepath cash offer.

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