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Bid on a home

Posted by Linda on March 13th, 2003 05:33 PM
In reply to ask the realitor by joe on July 21st, 1999 01:24 PM [Go to top of thread]

Can you answer me acouple questions?
I have had a house on th market for 6 monthes.
I reduced the house price once.
I received a bid, $2000.00 lower that price,
but they have an FHA loan and want a $2000.00
assist. That means I am witout $4000.00 .
I know I will not get what the house is sold for, but it that always the truth?What are some of the areas I should be inquiring about?
First, should I be looking at the loan amount that was aproved by buyer?
Second, should I make sure he pay closing cost?
What are some options I should be looking into to try to get the best price?

I am meeting with the realitor later today about all these issues. I want to hold out for the best price but I don't want to give up a bid too quickly. What are some questions I should take with me to my appt. with the realitor.

My meeting is at 11:30am. If you can give me any helpful advise before 11:00, I would greatly apreciate it.

Also, can you explain the assist arrangement. Why can a person offer an amt. over the bottom line.
That to me look likes he is pocketing that money.
Is that correct?

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