02-20-2008, 04:31 PM
quote:
Originally posted by Bob Orts
Thank you John.
If you don't mind me asking, is it typical (or at least not unheard of on Hawaii) to be offered a sale (cash sale, large down payment in escrow) contingent on the properties being combined into one at closing? Where I am on the mainland, subdividing lots is as normal as holding garage sales, but combining, well that would be down right un-American in the eyes of real property ownership, so I'm just a bit out of my understanding curve.[8]
Typical?! No. However, it's much easier to combine lots here than subdive them. If I were the Seller I would say forget it since it takes time. I might would accept your offer with a 72-hour kick-out clause. It doesn't matter how much you put down, if it's a contingency you get your money back. Cash?! Big deal. The Seller gets cash at closing even if the sale is with a loan.
Aloha,
John S. Rabi ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
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