House 3: Two Offers Received

While I was in Las Vegas last weekend, my Realtor got two offers for the property. One was for full price with a 3% seller contribution. The buyer pays for the home inspection and I am to pay for a home warranty at a cost not to exceed $350. The buyer put up $1,000 earnest money and is getting a 100% loan. The good news is, even though the contract says the buyer wants to close around mid-August, the agent said they would be willing to close sooner if possible. So we counter offered with using my title agency (for discounted title insurance for me), the earnest money is to be non-refundable after the inspection period, and a clause that said the seller will credit $50 per day to the buyer for each day before the specified close of escrow date that we close but the sales price goes up by $50 for each day after the specified close of escrow date that we close. No response yet to the counter offer.

The second offer with almost identical to the first except the sales price was $5,000 below the list price. We didn't even bother responding to that one.

On a side note, my agent told me the only properties she is seeing offers on right now are those in the $215,000 and under price range.


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