Great news! We had more than 150 people visit the house this weekend and we have at least 3 or 4 bidders on the property that qualify for the Challenge. With each bid, Torrey Brothers could walk away with $10,000 – $13,000 from the deal right away. But here’s the kicker!
We also have a bidder who will give us a $5,000 non-refundable deposit and is already pre-qualified to buy the property outright, which will net Torrey about $30,000. But it will take 3-4 weeks for the deal to close.
Remember our challenge: Buy and sell as house in 2 weeks and walk away with $10,000 from the deal. So what do you think Torrey should do? Take one of the bids that will give $10,000 – $13,000 now or wait 3-4 weeks and walk away with $30,000? (And no matter which deal he chooses, half the money will go to charity!)
What would you do? Post your comments below and let us know …
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Take the $10,000 now and get on w/ your life. Who knows what will happen in 20 days or so!
I would wait for the bigger deal for $30k profit, in addition tie up the backup offer with the $10k cashiers check for the 3weeks, and make sure you get the $5k from the bigger deal non-refundable. If the big deal won’t do non-refundable on the $5k, then take the backup now!
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