When you make an offer, the seller can:* Accept it* Reject it outright if the offer does not meet the specifications in the listing* Counter it with different price and terms If there is strong demand for properties, a seller may not even make a counter offer, but accept one of several offers รป usually the one with the highest price or most qualified buyer. Here are some (1 comments)
fha: Buyers can save thousands of dollars - Are you ready to buy?
- 12/14/09 10:56 AM
Many buyers call their lender seeking information about financing. In the process, they become pre-qualified. That gives them a good idea of what they can afford, or more accurately, what loan amount they qualify for. You should take it one step further, however, and ask to be pre-approved. When you become pre-approved, you actually apply for a loan. The lender checks credit, verifies employment, and often verifies that you have sufficient funds to close. Then once you find your dream home, just about the only thing left is the appraisal.The reason savvy buyers obtain loan approval before shopping for a home (0 comments)
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