In today’s real estate market the buyer is king. The only time the buyer can get seller concessions is when making the initial offer. Before you have a signed contract everything in a real estate deal is negotiable. Remember everything must be in writing to be enforceable. Once the terms are negotiated you can’t ask for more without mutual agreement. You have signed a contract and you could lose you earnest money if you violate the terms. The way to avoid this is have your real estate agent ask for money from seller proceeds to pay for your loan costs at closing. Basically you are asking the seller for a small piece of his proceeds to pay your out of pocket loan costs. The simplest way is to ask for a percentage of the sales price back at close. I always start at 4%. Loan costs are pretty much the same for a $250,000 mortgage or a $400,000 mortgage. When I am the loan officer in a transaction if there is any excess money I get my buyer a reduced interest rate. Look for more buying tips in my homes for sale Everett category.
Every mortgage loan is very important to me, so I handle each one personally. My background includes extensive knowledge of the real estate market, real estate finance and personal taxation. If you are looking to refinance or purchase real estate please give me a call or email. I will be happy to discuss all options with you. Currently I have access to 70+ lenders. I have access to 4 different credit repair agencies. My goal is to become your lifetime lender. thefhaloanguy@aol.com
