Procuring cause is a touchy subject. You should be able to make a new offer on the same house with a different agent. It needs to be completely new offer not a counter to the original offer.
Talk to your friend and explain your situation and get everything out in the open so that there is no confusion after the fact.... more
Your concern is valid. First of all, prices shouldn't be rocketing up like they have in the past few years. 2008 should be fairly flat, ... good in areas, not so good in other areas, but in general our region has good reasons to be padded from the national drops the media talks about all the time. Your best option right now is to sit down with a good loan officer (msg/email me and i can give you a few names to contact) and have them analyze your financial situation and see what kind of loan programs best fit you, your current situation, and your longer term goals. Never assume what you can or can't qualify for. Student loans may not be as detrimental as credit card debt, ...but the loan officer should be the one telling you what's what.
Once you have an idea of what you can qualify for, then you should contact a real estate agent (...I'm available) and start looking at options together.
also, ..I'm confused, ..your avatar says just looking in 98225 ...which is bellingham if i'm not mistaken, ..but you're renting in ballard / working in seattle? are you looking to buy in bellingham and commute to seattle? ...yet you posted in 98117 area code which is seattle.... more
Bath off master would indeed referred to a bathroom that you can access from the master bedroom. It may or may not have an access to say a hallway. It must have access to the BR if ist states bath of master though,... more
I would ask your agent if there is still time to change your offer. I would put your highest and best offer on the table. You could always add an escalation clause to your current offer as well. An escalation clause basically says that you would be willing to pay "x amount" more than the other offers with a cap of "x amount." If they accepted your offer based on the escalation clause they would have to show you the other offer so you know it was legit. But, all in all, when you are competing with 7 other offers, you will want at least a full price offer on the table with an escalation clause and the best terms you can give (quick closing, less contingencies, etc). GOOD LUCK! Call your agent immediately and see if there is still time. Two years is a long time to look...don't let it get away.... more