If you are looking for recourse to the Home Inspector, review the contract you signed at the time of the Inspection. The state requires certain procedures if something was not addressed and how you move forward with the Inspector.... more
There used to be! however, about 6 years ago the owner sold out and now it's all "houses" There was one in Tualatin next door... but, same thing. This area is very popular, therefore land values tend to rise.... more
There is no rule that you have to just ACCEPT the bank's counter proposal - or walk away. You also have the ability to submit a counter proposal. Not too long ago we went around with the bank on a short sale 3 times before they finally gave in (just a week before the auction) and accepted the offer we'd submitted (and stuck to).... more
Builders are sellers; so the answer depends on how motivated they are to sell. Certainly EXISTING homes that have been sitting on the market past their Certification of Occupancy are a financial liability to the builder and they are more likely to have incentives and discounts on THOSE homes than they might be on a "to be built" home. The key is to understand the builder's motivations. For example, assuming that the homes are priced consistent with the market, they are sometimes reluctant to negotiate on price. Drop the price on house A, and it immediately becomes a comparable sale for the appraisal on the next 6 months worth of sales. However, your "wiggle room" may exist in terms of upgrades and other stuff being included (air conditioning, fencing, refrigerators...).
If they are not priced consistent with the market having your agent work to get you solid comparable sales to support your offer could help bring them to reality...
Finally, depending on the price range it is not uncommon for seller concessions for closing costs be included and if you are financing FHA or VA for example, it could be expected. They may have a lender that is part of their company who offers a bonus for closing costs if you use them. Even if you don't use THEIR lender - ASK for the concession.... more
Not all banks and lenders are created equal. On the other hand neither are buyers. Using the tools that each institution has in place, unfortunately most try to place you into a package "they" have, as opposed to building a loan package that is most suited to "your" needs.
For the most part unless you actually work for the bank or already have a mortgage with them, they are not likely to give you the best program. They only have "their" package.
On the other hand, a good mortgage broker can "shop" for the program that is best suited for you. If the lender you are using is worth their weight in salt they will listen to your long term neeeds. Why, because this is a long term commitment and goals need to come into play.
Many today are not upsizing or downsizing, they are right sizing. Same with lenders as they take on mortgage clients. They need to find the 'right" program for the consumer that will be marketable for the lender in the future as well.
I always guide my clients to get a good faith estimate from two you are most comfortable with and we sit down and compare together. Always good to have a second set of eyes looking at the numbers. Chances are if their is a big difference, the other will meet or beat it. Banks do not usually have that option.
I have my short list of lenders that I believe will put your concerns to the forefront. They are listed on my website www.RobertaNopson.com
If you need any assistance in your buying needs here in West Linn. I would welcome the opportunity to earn your trust and confidence.
Accredited Buyers Representative