Financing in Ohio>Question Details

Kim, Home Buyer in Vancouver, WA

Model home offering 4% financing...what if I have my own financing?

Asked by Kim, Vancouver, WA Wed Feb 20, 2008

I am being moved by a relocation company and have financing through them. If I am interested in a new model home that is offering 4% financing and want to use my own financing, how do I calculate how much that low interest is worth to help me negotiate the price of the home?


0 votes Share Flag Financing in Ohio

Help the community by answering this question:


I have done this in the past with new home builders. You would want your relocation realtor to contact the builder and ask if they would give a credit for bringing your own financing. I have found in the past depending on the program being offer by the builder it can be 2-3% off the price of the home.

Do not contact the builder. Have your realtor contact them and find out. Without registering your realtor as working with you they will not get paid. It will effect your relocation benefits if you buy without using them.
On relocations both the selling realtor and buying realtor have to pay a referall fee to the relocation company and this is where some of the money to pay benefits comes from.
Web Reference:
1 vote Thank Flag Link Wed Feb 20, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Home > Ohio > Financing in Ohio > Question
Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer