Hi Debra! You can certainly make a backup offer on the home. In NJ, we are only permitted to send one contract at a time to the bank. If that contract falls through, as sometimes happens, your offer would be the next one in line for the bank to review.... more
You can always ask for any credits or repairs to be made, however, keep in mind that most contracts will state that the inspection is looking for material defects or safety hazzards. Requests for these kind of issues are normal. The air conditioning condenser is just old. They may fix it out of kindness, but it really does not fall into this catagory. You can put in a request to have these issues addressed. Your answers will be OK, they will fix X, Y, and Z or give a credit for X, Y and Z, or they are not going to fix anything nor give a credit. At that point it will be up to you to decide if you want to go forward with the purchase or not. Good Luck... more
Are you deliberately trying to make it confusing?
How can it be a RENTAL at the same time as an "OWNER OCCUPIED" home?
There are some service companies that will handle EVICTIONS for you; look in the Yellow Pages.... more
Your first meeting should be with a couple lenders, not the Realtor. You need to be educated on loans.
$50k is about right unless you find a lender that holds loans in house.
Down payments are based on the type of loan you get, FHA requires 3.5% and conventional is between 5,10,20% depending on the loan. Go speak to some lenders or call a couple at the very least .... more
Just talked to the mortgage person at my office.
He said you could do it with as little at 10 to 20 perecent down. Feel free to give him a call. Brad Armstrong at Weichert Financial Services (973) 222-0979. If you would like to see any homes or have any questions feel free to give me a call at (973) 903-2862 or email at firstname.lastname@example.org... more
Seller concessions just is on paper, If the buyer needs help with covering closing cost you can say
seller to contribute $3,000 towards closing cost .but the buyer has to be able to qualify for that amount since it's wrapped up into the mortgage.
No buyer can receive any cash at closing unless it's a specific loan, 203k, construction loan.
Best advice, price your home at today's value. If you're motivated to sell and the price is right, buyer's will know, they're very educated about recent home sales in your area.
Century 21 Crest
Pompton Plains NJ