we do have the downpayment. Actually, 2x the down payment. I just have the retirement acct in cash anyway, and wont put it int he market. so it seems like a good way to keep more cash available for problems. the commute is good. look, even if you have 2 x the downpayment, it’s not really all that much, if you want to maintain 12 month’s emergency fund and have some money to do things to the house. I would want to have enough cash on hand to survive 12 months. that’s probably a bit too conservative given my situation.
what if i terminate during the inspection period and make a new offer subject to all the same conditions of the original offer with the inspection period waived on an REO while deposit is in escrow? WIll they likely tell me to take a hike or will they probably keep that offer in place while they weed through other possible buyers?
