2020-09-12

• $1000 cash for Ernest money
• If they end up breaching the contract this is what you get from them.
• Not great, but all they have
• They will probably want the dishwasher replaced, maybe a credit for how much we'd pay for one.
• Settlement is when you sign the documents
• Closing when EVERYTHING is done, everyone's got their money, it's on the county records. (usually 24h later after settlement).
• They want to move in ASAP after settlement.
  • Settlement Deadline Oct 29th 2020
    • They don't want to pay for another month's rent
  • ~7 weeks
• Oct 9th is their finical appraisal line
  • They are using Utah housing loan, which is a bit more of a risk.
  • They loose $1,000 and we loose a month in a half
• Their Recommendation: $3,000 earnest money and maybe move the deadline up (could help us pay for a month or two of rent)
• ~$1,500 for policy
• Get HOA documents.
• "Due Diligence": time for the buyers to do any tests they want to do to make sure it's good, the tub drains, electricity, etc...
  • They have to pay for the tests
  • If they find anything, they can cancel the contract and they get their earnest money back.
• They could do an appraisal and find that the home isn't worth as much as we are selling it for
• $500 Home Warranty (for things like dishwashers and stuff, but not ours)

#Hawaii