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Updated over 10 years ago on . Most recent reply

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243
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Brian Huber
  • Investor Agent
  • Burke, VA
12
Votes |
243
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Seller objection to small EMD?

Brian Huber
  • Investor Agent
  • Burke, VA
Posted

Hi, I'm just wondering if anyone has had any experiences with a seller objecting to a small EMD, like $100? If so, what rationale do you use to explain it?

thanks!

Most Popular Reply

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Paul Ewing
  • Investor
  • Boyd, TX
467
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688
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Paul Ewing
  • Investor
  • Boyd, TX
Replied

Are you planning to buy the property or tie it up and try to resell to someone else?  I would look at $100 to be no skin in the game at all especially on something more than a $15k-$20k class property.  Maybe they have heard of people not really wanting to buy the houses and walking away when they couldn't find a buyer.  Personally I put up $2000 at least to show I am serious. 

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