In any market, buyers run the risk of offending a seller with a potentially lower than expected offer. There is a time and place for negotiating that way, but purposely offering much less than what comparable properties are selling is always a risk. As a buyer, you do not know the motivation for the seller.
When a seller is presented with your offer, they have 3 choices: 1. They can accept it exactly as written with no changes. 2. They can reject the offer. 3. They can send the buyer a counter offer for … (9 comments)
Whether this is your first home or your third home, or if you are competing with other buyers or not, the keys to getting your offer "accepted" are the same.
1. Clear and clean pre-approval letter. I cannot state this enough. Having your pre-qualification completed with a local lender with just the normal contingencies of clean title speaks volumes. Most listing agents are going to scrutinize your offer for an acceptable letter. If your letter states that it is contingent on verifying credit or income, that is a red flag … (10 comments)
offering on a home: FAQ #11 for Buyers: What is a Buyer's Net Sheet?
- 01/15/11 02:42 AM
Before you sit down to write a purchase agreement, we will sit down and fill in what is called a buyer's net sheet. What is a Buyer's Net Sheet? Buyer Net Sheet is a list of all of the costs associated with buying a home. Not only does this include the lender fees that were estimated on the good faith estimate, but also the local closing fees, recording fees, inspections, and other costs associated with closing. The net sheet will also reflect any credits to your side of the settlement including your earnest money, closing cost or discount point assistance from … (1 comments)
Whether you are relocating from another state or you are moving within the market area, there is always some adjustments to be made! My focus is on the well-being and safety of your family. A house is very important, but making the Cedar Rapids area your home takes a little more effort. My clients call me long after the closing for advice on a veternarian for their new puppy or the best daycares in the area. Meeting new people is always fun for me and I love my job! Call me if you would like to know what your home is worth in the current market or if you think that you might want to move up to another home somewhere else. We will miss you, but I will happy to get you on your way to your next adventure as quickly as possible!
Buyers: If you Want the House, Let the Offer Show It!
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