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Creative Real Estate Financing

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Jonathan Farris
  • Investor
  • Canton, MA
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11
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Sour Grapes -- Shady Asset Managers...

Jonathan Farris
  • Investor
  • Canton, MA
Posted Mar 10 2017, 08:28

Email Offer and Acceptance trumped by an offer after the fact. In the early stages of trying to make this work. Have a Rehab Loan, but competing with CASH offers in the stratosphere that I am working in. Any advice? 80K list.

Original Offer: 80K with 60 day close (as this is a rehab)

Seller Counter: 80K with 20 day close

Buyer Counter: 85K with 60 day close

Seller Counter: 85K with 50 day close

Buyer: Accepts

New offer (presumably CASH) comes in after acceptance (email) and they call for best and final. I stand pat with my offer at 85K and 50 day close. 

Are they playing games? I feel like if they had a comparable cash offer they would have gone already. The sticking point for me is if there is like a 75-78K CASH offer, vs my financing offer of 85K.