OK, we are all professionals. My buyers are always pre-qualified before we start looking for a home. I get a pre-approval letter to present with my offer. My buyer walks into a condo conversion in downtown Everett. We look at the unit, my buyer is estatic -- we just sold his home for full price in one day. The the oppps.
The site agent says, well if you use our lender your client gets a $4000 credit on closing costs. How can you beat that. For my client's best interest we use the builder's lender (who just so happens to be affiliated with Countrywide that I work with) however, they have created their own little in-house lending firm for this project. We are also subject to the builder's title and escrow, heaven forbid they should pay full price.
Oh well, just spouting off. We bit the bullet and used the in-house lender, builders title and escrow and my client is happy.
Your thoughts on these incentives. Do you have them in your areas?