We have a 4 plex and are signing the Multi family real estate purchase and sale agreement terms. Each apartment residence was charged and paid a non-refundable fee (not deposit, it says fee). We think that a non-refundable fee should not be provided to the Buyer at closing. RE Agent thinks it should be. Please advise
Buyer's RE agent has a check for earnest money that has the address of another property that she did not get. We think that the check should be exchanged for a new one or that the address in the memo section should be crossed off, add our address and initialed by the prospective Buyer. Is this a correct way to handle this?
The Buyer's bank has provided a pre-approved loan letter on the Buyer's credit worthiness. But the letter was not signed. We feel that unless the bank has signed the letter that it is worthless for proving that the tenant will have sufficient funds to buy our property. Are we correct in requiring this letter be signed?
They want the agreement signed by tomorrow, please advise quickly
Buyer's RE agent has a check for earnest money that has the address of another property that she did not get. We think that the check should be exchanged for a new one or that the address in the memo section should be crossed off, add our address and initialed by the prospective Buyer. Is this a correct way to handle this?
The Buyer's bank has provided a pre-approved loan letter on the Buyer's credit worthiness. But the letter was not signed. We feel that unless the bank has signed the letter that it is worthless for proving that the tenant will have sufficient funds to buy our property. Are we correct in requiring this letter be signed?
They want the agreement signed by tomorrow, please advise quickly
