ASK MIKE MONDAYS - Michael, how do you get comfortable with putting HARD EARNEST MONEY into the transaction on day one?
Manage episode 225417789 series 1181820
Your seller may require you to prove that you are a serious buyer by demanding a large amount of initial earnest money up front. This money could be at risk, IF you do not perform. The seller wants to assured that you won’t re-trade them during the sales process. Michael explains some of the paths he uses to mitigate that possible risk.
270 episodes available. A new episode about every 4 days averaging 27 mins duration .