You accepted an offer with NO EARNEST MONEY? No earnest money means the buyer has exactly ZERO skin in the game. He's now in a position to dictate terms. Hopefully you can learn from this experience:
1. Walk away from this deal. If the buyer really wants the house they'll come back and make an offer with more reasonable terms. Right now, you've put yourself in a bad negotiating position.
2. TALK to the inspector and find out EXACTLY what he saw wrong. Once you actually understand his findings, you can decide for yourself whether or not to fix those items.
3. Next time around, BE PRESENT AT THE INSPECTION.
4. Next offer REQUIRE EARNEST MONEY. And if the buyer bails for any reason not allowed in the purchase agreement, you KEEP THE MONEY!
One last suggestion: If you don't sell it before your current contract with your agent runs out, FIRE YOUR REAL ESTATE AGENT and hire someone who actually understands the business.
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Today's Featured Article - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
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