barely qualified buyers and bad offers: Question? What do you think is the best course of action?
- 06/05/09 03:40 AM
I have recently heard several schools of thought on an issue and I thought I would see what some of you think and what your opinions are.
I recently received an offer on one of my listings from a First Time Buyer who was at the very least, minimally qualified to buy a property. The Buyer had no money to speak of, according to their agent, not even enough money to pay for an Inspection ($350 to $450) an Appraisal ($400) and minimum downpayment requirement to receive downpayment assistance from a governing agency ($1000) of their own money.
The offer … (11 comments)
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