A seller said (through his agent) that he wants your best and final offers first. Then after accepting the offer, the house can be seen (inspected) and the offer can stand or being retracted. I still have to get more details whether or not a deposit is required. The agent said that it is a very common process. The reason for it that there is a tenant in the house who might not like too many people coming. I have 2 questions.
The first is that really reasonable even in this market? what could prevent the seller from taking punch of deposits and not return them? The second is, if the house is sold, what happens to the tenant? Does the tenant have to leave? what if one buys the house to find the tenant not leaving.
The first is that really reasonable even in this market? what could prevent the seller from taking punch of deposits and not return them? The second is, if the house is sold, what happens to the tenant? Does the tenant have to leave? what if one buys the house to find the tenant not leaving.