They were scared to make a commitment and wanted to wait until the weekend, when their parents could go through the home. Unfortunately for them, the weekend walk-through never happened.
Posts Tagged ‘Lender’
When you’re searching for the right house, take your time to look at as many homes as you need to in order to get a good feel for the market. Once you’ve narrowed down your choices and have decided on a home, then it’s time to move swiftly.
They couldn’t stand the pressure and were willing to forfeit their $1,000 deposit. So how do you avoid these situations? Rely on your agent, who is a professional and has an obligation to help you make the best deal possible. If a relative brings up a valid problem with the house, discuss it with your [...]
Not involving your family or friends in your purchase of a home can sometimes be difficult. If mom and dad are putting up the down payment or co-signing the mortgage, then they’ll be a big part of the deal regardless. But on the whole, getting too many opinions can be worse than getting no opinions [...]
Many home buyers, in the excitement of finding the home they’ve always wanted and writing an offer, forget to add contingencies that will protect them. A contingency is a clause added to an offer to make it subject to a certain event.
A lender who prequalifies you for a loan may tell you that you’re able to buy a $275,000 house. But keep in mind that buying for the full amount that you can qualify for may put you out of your financial comfort zone.
A typical example would be a 900-square foot bungalow with an addition built on the back or side. Sometimes it’s a well-planned addition that blends in; other times it’s a tacky add-on. Homes in neighborhoods that have become run down owing to a high percentage of rentals or foreclosed properties (although if you’re an investor, [...]