My home went up for sale this weekend. Listing price is 375K. I’ve got 5 competing offers all a little over that with mostly conventional loans varying in percentage. No DD, no Financial contingency.
One of the offers is from “Sparrow Homes” (sparownow dot com), 400K all cash. It is the only one with 10 days DD, no financial contingency, 5K of EM.
Is this a “scam”? Meaning, they will use the whole 10 days and after doing the DD will say, “alright, we need to paint your house and remove a tree. Here’s 350K, take it or leave it”
Not much could be found about them online, only that they rent houses in Texas and Florida (I’m in Georgia).
Has anybody dealt with them before? My realtor is clueless about them and is leaning towards me not accepting the offer on a basis of “if it seems to good to be true”…
Thanks in advance for all the inputs!