Thank you to everyone for all the help here. I've been reading alot from everyone and as well as deans books. I've learned so much in such a short time its hard to keep it all in. Any way im no longer just looking at houses and saying this is what im offering. I Want to make an offer by the End of the week. please help me out.
heres my situation.
1. I have Three buyers on my list. one who has no real limit of spending, just looking for good deals, a guy on craigslist who also said he finds houses for a huge % off FMV and is open to all deals and a freind who is pre-approved for 160,000
2. I've found atleast 20 houses all decent with only minor repairs, yardwork, paint, and carpet...which is either pre-for/forclo or FSBO thats been on the market for more than 90 days.
3. I know what i want to offer,just really dont know forsure on what the steps are....this is my roadblock...
i would like to submit offers on all 20 houses...but from my understanding, you need an EMD. usually 500-1k now i also know that your suposed to put it to be paid at closing so it doesnt really come out of your pocket. but thats only if you actually find a buyer...what happens if i cant get a buyer..?? i know theres escape clauses and i would like to see them.
please point me in the right direction. I would like to see a basic outline in which to submitt offers. and what needs to be accompied with them...proof of funds? EMD? i feel like im only days away from making this happen and i wanna be there.
thank you for readin this long post it means alot to me. im literally on this site at the lastest of hours when no ones on, and reading and readin...
you guys rock thanks in advance.
impossible is nothing!