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Buyer Backed Out Mid-Deal — Beacon, NY Flip Part 3
In part 3 of the Beacon, NY flip, I'm breaking down what happened when our highest offer buyer signed a non-contingent contract — and still couldn't close.
Seven months, two buyers, and thousands in extra holding costs later, here's what I learned.
-Always require a minimum 5-10% earnest money on non-contingent offers
-Call the lender to vet your buyer — no matter what
-Enforce your contract when a buyer defaults
🏠 Have a property in the Hudson Valley, Seattle area, or Delaware you want to sell? Let's talk. 📧 greg@velocityhousebuyers.com | 📲 @grego_37
The skinny
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