Actively Looking in Columbia, SC

[Michael Upson]

I’m in the process of signing an offer letter for a home in the Lake Carolina area of Columbia, SC, listed at $399K. The house has been on the market for over 60 days, so we initially offered $375K. The seller countered, explaining that they had installed a new AC unit and made other updates and they would not consider going any lower. They also asked for $1,000 in earnest money with the offer. We agreed to, but we countered with a 60 - 90 day closing because we are relocating from out of state. Now they’re asking for a 10-day, non-refundable $3,000 deposit and earnest money, which makes me hesitant.  We are a bit confused with the deposit and earnest deposit.

We’re not in a rush or married to this home. We want to make sure we’re getting the best deal possible. We would also be open to creative financing, with or without this seller.