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"My seller agreed, and the buyer completed a general inspection, chimney inspection, foundation inspection, sewer line inspection and HVAC inspection. " The buyer then submitted an offer with no inspection contingency. The seller accepted the financed the offer, even though it wasnt the highest offer or an all-cash offer.
"From my seller's point of view, this buyer had shown a significant commitment to the property and a strong desire to close," Kruger says. Address the sellers time concerns. Since time is typically one of the seller's main concerns, buyers with financing should make their contingency periods as short as possible and offer the seller a per diem so that if the sale closes late, they get compensated each day.
Each party agrees that if you can't close on a certain date, the seller will automatically extend the contract for, say, up to 15 more days, says William Golightly small business loan personal financial statement Poole Realty in Live Oak, Fla.
"But it costs you as the buyer anywhere from 20 to 75 per day until its closed.