Pat - what do you care if the bank frowns on it, or not? Do you want to be "friends" with the bank, or do you want to own the house?
Please don't allow your "real estate person" to exert undue influence on what your bid should be. You are the one buying the property, not him. You are the one who will be living in the house, you are the one who will paying the monthly mortgage.
Bid what you think is a reasonable price, and not a penny more. If your current "real estate person" won't write up that offer... fire him, and find one who will.
Your "real estate person" may be right, and it may take all of that 3% below asking price, to get the house.... he may have a valid reason for suggesting that price... but he's not in charge... YOU are. You may not get the property for the price you have in mind... but you won't know that until you try.
I hope you did not already sign the agreement if you do not like the terms. You should carefully review all the terms before signing.
The specific requirements will depend on the terms in your agreement. If the agent is using the standard Arizona Association of Realtors agreement with no changes, then yes, you have committed to work with and compensate this agent for your purchase no matter which home you choose. Again .if the standard agreement, you would pay the 3% only if your agent is not paid by the seller, or make up the difference if the listing co-broke fee is less than 3%. You can negotiate any of the terms with your agent, such as the length of the agreement and only applying to a specific home.... more
There are homes in Sun City available.,If you would like I could start searching for that type of home. Let me know and I will be happy to start the search. There are some areas that don't have high HOA fees.
Hi, Brenda ... I'd be happy to e-mail you the list of what's currently available in Sun City West. Or you also can run a search directly on my website at the link below. Drop me an e-mail when you have a chance with any other details for the home you seek and I'll be happy to assist. Thanks!... more