Seller asking for non refundable escrow deposit

[Sameer Kh]

Hello Fellow BP Friends

The seller is asking for a non refundable escrow deposit of 3k as they feel we will try to wholesale and it may not work out. 

I have full intent of purchasing the deal if the inspection and appraisal goes well. How do I strategize the deal?

Thanks 

[Mike Cumbie]

Hi @Sameer Kh,

You can give a 11 day period before the money goes hard (after inspections). For instance offer the 3K that becomes non refundable after 11 days (7 days inspection, 2 days to review results and 2 days to negotiate repairs. You could also add a clause that the property has to appraise at XYZ or the purchase price is = to appraisal. 

Just some thoughts and good luck!