I understand your frustrations with the banks. I have had clients in the same boat. Unfortunately, the banks will do what they want to do. They do not usually sign anything when that the offer has been rejected. They work on a verbal until they accept the offer and it is signed at that time. Even the counter offers are usually handled verbally followed by the listing agent sending an email. Just make sure that you have an updated pre appoval letter/proof of funds if cash offer, with a copy of earnest money when your offer is sent. Banks will not look at the offer if that is not with it. Also, some banks expect a certain amount for your earnest money. That will be stated in MLS and your agent should see this and let you know. Hope this helps and good luck!
Sheri Mapes the Cincy House Expert
As for closing costs they will include them but they figure them into the overall price that you are offering.
The lender may take less than the listed price of the home depending on how it is presented. I had a buyer this spring that purchased a home that was listed at 202,000 for 165,000 after we detailed the repairs the home needed along with estimates from local contractors.
Did you attach a preapproval letter? Most banks require that. Did you include earnest money and how much? Please let me know so I can help you solve these problems.
Christina Asad Edwards, REALTOR
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