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  • August 26, 2006 at 4:21 PM #7329
    PD
    Participant

    What can a seller do to get an anxious buyer to make an offer? Do you think we will see deals like this:

    Lets say the seller wants $800,000 for a house. There is a buyer who really wants it but is afraid to commit because they think it may sink to $700,000. So the seller offers to put $100,000 in some kind of escrow account for a certain period (one year, two?). If some predetermined measurement drops by a set amount, the seller gets paid from the funds. For instance, if the SD median drops by 20% or more then it triggers the payment to the buyer.
    Anyone think we might start seeing stuff like this?

    I’m not even sure this is possible and the details would have to be worked out pretty carefully. I’m just thinking!

    August 28, 2006 at 6:22 AM #33640
    powayseller
    Participant

    Wow, this is a creative, interesting product.

    August 28, 2006 at 7:02 AM #33642
    lamoneyguy
    Participant

    I’m not sure that wouldn’t be considered wagering. What’s the difference between that and if both parties placed $100k in an escrow account to go to party who picked the winner of the Super Bowl? Interesting thought though, housing bubble insurance.

    ~lamoneyguy

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