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<blockquote data-quote="Allen" data-source="post: 181032" data-attributes="member: 389">I am just spitballing here, but it could just be that he wants to finance the whole thing (or next to the whole thing to avoid PMI) and this is his way of doing it.&nbsp; Jack the price up 6% so long as the appraisal comes in that high, and voila, he gets it for little to no money down.&nbsp; There were all kinds of &quot;Learn How to Buy Real Estate for Little or No Money Down&quot; things over the years and this may be one of the gimmicks for doing so.Like I said before, so long as you are comfortable with the language allowing you to walk away with whatever you wanted/needed, it's not something I'd worry too much about.&nbsp; Especially since you've already confirmed your asking amount with a market assessment. Once he owns it, he may very well plan on splitting off some of the land, etc.&nbsp; But again, as the owner that's his prerogative. Any luck in finding an attorney to review it for you?&nbsp; I see you're in the SE corner of the state, maybe a trip to Wahpeton or Farhole to talk to an attorney for a couple hundred pesos would give you the peace of mind you seek.</blockquote>

[QUOTE="Allen, post: 181032, member: 389"] I am just spitballing here, but it could just be that he wants to finance the whole thing (or next to the whole thing to avoid PMI) and this is his way of doing it. Jack the price up 6% so long as the appraisal comes in that high, and voila, he gets it for little to no money down. There were all kinds of "Learn How to Buy Real Estate for Little or No Money Down" things over the years and this may be one of the gimmicks for doing so. Like I said before, so long as you are comfortable with the language allowing you to walk away with whatever you wanted/needed, it's not something I'd worry too much about. Especially since you've already confirmed your asking amount with a market assessment. Once he owns it, he may very well plan on splitting off some of the land, etc. But again, as the owner that's his prerogative. Any luck in finding an attorney to review it for you? I see you're in the SE corner of the state, maybe a trip to Wahpeton or Farhole to talk to an attorney for a couple hundred pesos would give you the peace of mind you seek. [/QUOTE]

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