Thread: Home purchasing
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Old 02-07-2011, 06:53 AM   #14
PeteSB75
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First Name: Pete
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Default Re: Home purchasing

Quote:
Originally Posted by ATobin View Post
If we have to go that route we definitely will shoot for a short sale, for the exact reasons you listed. And to my surprise we're looking at a 30 year fixed at 4.75%, so we're going try to lock that up here shortly.

Now when you said your price had already been through approval, does that mean that was they price they had listed it at? We've been thinking of offering list price or list price + closing just to speed things along.

We would like to rent in the area first if we can find a month to month, but we just don't want to get locked into a year lease, and moving that often with a 2 year old just plain sucks.
This is very much a buyer's market. I wouldn't offer anyone listing price. Offer 10% below, if not more. Short sales and foreclosures are a different ballgame, but if you are dealing with people, you have the power, so use it, but be prepared to walk away.
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