Adams built home appears to be in good condition. AS IS contract must include mortgage preapproval letter from a primary lender or proof of liquid funds if a cash sale. Note, a prequal from a mortgage broker is not acceptable. A mortgage broker can be used for loan origination, but the preapproval letter has to come from the underwriter. Seller expects 3% of purchase price as escrow deposit if financed. 10% if cash sale. Special seller addenda will be required once all terms are negotiated.
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