Home Buying in Hamlin>Question Details

Rich, Home Buyer in New Jersey

I'd like to buy. But why is the realtor only stating CASH or CONV financing to purchase

Asked by Rich, New Jersey Mon Sep 15, 2008

Help the community by answering this question:


The seller may have requested that the Realtor only except cash or Conv as going FHA the seller will have to pay more.
Just ask your Agent to call their agent.
Good luck,
1 vote Thank Flag Link Tue Sep 16, 2008
Typically, the listing agent knows that it will not pass an FHA appraisal.... which is also like a mini inspection.
And if the seller isn't going to fix anything, you will have to go conventional.
FHA loan may still work, but some people are pretty stubborn.
1 vote Thank Flag Link Mon Sep 15, 2008
it may not qualify for fha financing, it may need too much work. It is always better they state it ahead to save the time and painful reality when you make an offer, go for financing, pay for an appraisal and they tell you the property doesnt qualify. ask teh broker to tell you specifically what it needs or why, they should tell you and be able to help you. good luck rich
Web Reference: http://www.ScottSellsNH.com
1 vote Thank Flag Link Mon Sep 15, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer