Customer service may not see your post here, scroll to bottom right and click on help center. You should then also open an account at Active Rain, Trulia no longer as a blogging platform but Active rain has a free one, i posted my link.... more
You should find an actual lender in Florida to assist you. Real estate agents are not going to be able to give you accurate information on qualifying for a mortgage. It appears Alma gave you a referral for one, you should contact that person.
Just because a home has been on the market 116 days does not mean it could not have multiple offers. If a seller has started at a higher price and then lowered it over time he could be at day 116 fair market value or below market value which could cause a multiple offer situation.
Your Realtors request is not unusual. Did your Realtor show you comparables to come up with an offer? When a buyer makes and offer and wants the seller to cover closing costs it tells the seller that the buyer has little cash money saved to cover full closing costs and downpayment. This is to a seller not a sign of a strong buyer. When you make an offer wanting the seller to cover closing costs, you are basically making an offer less then your offer. Example you offer $150,000 with $5000.00 closing costs, you are really offering the seller $145,000. But your seller is still paying taxes, title, etc... based on the higher amount
My suggestion is look at the recent comparables and have your offer come in so when the seller pays your closing costs it is close to those comps.
I have limited information on this situation but it seems that your Realtor is on the right path. They know the full story and guide the customer with their experience and knowledge.
I hope all has been going well with the credit building! It takes a little time and patience but is well worth it. It was a great start getting a credit card. I see you mentioned that you are paying it off early each month. The card companies like to see established credit being paid, not just balances paid off. I would suggest using the card to buy 2 months worth supplies you would need and be spending money on anyway. (Paper and cleaning products for the home, etc) This way you are not spending extra cash to establish credit. Then each month pay a portion of it and on the second month do it again. You will pay a slight interest fee for the second month, but it will show a continuous balance and a history of paying it. I had my 18 yr old daughter do this with a card that only had a limit of $250 and within a year she was able to buy her own car without a cosigner. Hope this helps.
Let me know if I can help in any other way or if you have more questions, feel free to call or email.
Nancy Koch, Realtor
Homeward Real Estate... more
The state of FL has certain disclosures that are required if the home is in a mandatory HOA. If the home was built before 1978 the federal government requires lead paint disclosures. Have a local real estate attorney review your contract to make sure the terms are consistent with what you worked out with the seller and all legally required disclosures are included.
The paperwork involved with buying and selling a home is not a do it yourself project, seek legal advice.... more