My friends were in a similar situation, bidding online for a home owned by BOA. They had a similar buyer premium attached. If the extra 3k gives you pause, you need to revisit your cash flows expected. 3k is a drop in the bucket if you are getting a decent ROI, and a decent entry point to receive that ROI.To continue my friends story above, they received notification that they were the higher bidder. A couple days later they got a call notifying that although they were a higher bidder, the bank decided to take an all cash offer for 5% less. Therefore, my friends did not get the home.Don't count your eggs before they hatch, or in this situ - not until you are moved in.MjH
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