credit: WHAT IS THE VALUE OF A QUALITY BUYER?
- 09/04/09 01:20 PM
With mortgages difficult to obtain, we all would love to have a buyer ,in this market with lots of cash and no problem getting financing. When I received a call from a couple who were referred to me by a previous client and he said he was putting 40% down on a house priced just over $400k----do the math. It's $170,000 down. Appraisal concerns are out the window , mortgage approval is done ---oh, did I mention they both had credit scores over 800! What a buyer. Wow, I thought I'd died and gone to heaven. After a couple of times … (1 comments)
With mortgages difficult to obtain, we all would love to have a buyer ,in this market with lots of cash and no problem getting financing. When I received a call from a couple who were referred to me by a previous client and he said he was putting 40% down on a house priced just over $400k----do the math. It's $170,000 down. Appraisal concerns are out the window , mortgage approval is done ---oh, did I mention they both had credit scores over 800! What a buyer. Wow, I thought I'd died and gone to heaven.;)
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