Seller will call when title is clear and won't if it doesn't clear the ones that end up not clearing end up tax sales....now those have some spreads in them (and all the investors said amen)......idk just my personal opinion on it......we put in 40-50 (of those 2-5 get accepted) offers a week.....if can't clear title I need my earnest back for another deal....I always let them know to call me if they get it sorted out.....

I'm making around 20 cold calls a day on FSBO's offering full price on terms and discounted cash offers to those with higher equity but every seller believes they can get full price or more because they say "houses are flying off the market in my neighborhood" or "I have no doubt that it's going to sell soon".

I appreciate the offer.

This is something that I have sturggled with a bit as well...as a Finance professional I understand the power of leverage that REI offers but still find myself thinkibg about using some of the monthly cash flow to accelerate principal paydown.

So I'd say the seller(s) should consult with an attorney or accountant, but it's possible they may owe much less than 15% or nothing.Also as Account Closed said, seller financing is also often attractive to people who are concerned about taking a big tax hit in one year - instead it's "pay small amounts as you go, over time as you receive the money" and is great for a number of reasons (no or a favorable interest rate for you, no bank BS, build long-term relationships and credibility with future sellers, possibility to discount in future with a payoff offer, etc.).It's worth having in your mental toolbox even if you don't use it on this deal.

You don't want to negotiate "up" from a buyer's lowball offer. 

The first property I bought had 3 offers including mine.  

So we are waiting for a cash offer to this condo to use that money for the down payment for our listed property.Is this possible ?

Ih, take advantage of the Tools BP offers- they are fantastic!

Until both parties have signed the offer it is not a contract and the offering party may cancel the offer at anytime before the contract is formed.