Posted by Jim CA on January 31, 2001 at 22:43:19:
You know, I really haven’t cared too much about it. I did have a seller squak once, but after a little lecture about legal ramifications from the closing agent, the closing went through without further problems.
The question really is: “Can you sit there knowing the seller and buyer know what you paid for and are selling it for?” Is this kind of pressure something you really need to worry about? Most of the time, it’s VERY low on my list. There are too many other things that could go wrong or be missed at closings for me to worry about something this small.
As for the buyer, if it’s a good deal and there’s a hefty profit margin built right in, they know all I have to do is pick up the phone and maybe close later TODAY with another investor/rehaber (they loose profit and their hefty deposit they left with ME). You’ll have ZERO problems with buyers/investor/rehaber.