Downpayment assistance and negotiations

Asked by Tye, Tampa, FL Sat May 16, 2009

i am currently looking for a home in tampa.I am a first time home buyer and no one has downpayment assistance in the area are there any other options or just see if the seller will pay closing cost?
Also when I find the home I want is there an amount I should start below the asking price to get a good deal but still stay competive? Example 14900 asking shld I bid at 135000 to start?

Help the community by answering this question:

+ web reference
Web reference:


Jim Soda, Agent, Lakewood Ranch, FL
Sat May 16, 2009
Every Offer and/or deal can be very different. You need a good Realtor and a Mortgage Lender. You may qualify for FHA with Seller contribution or write the Seller contribution for closing cost IN the offer. Get Pre-Qualified!!!!! Then you can go shopping. You might very well look at foreclosures and or a short sale. But get a good Realtor!! SPEND money on Inspections once you have a deal put together. Be careful with the Lender Addendas. They take precedent over the Contract. As-Is for a lender is not the same as AS-IS in the contract. Did I say get a good experienced Realtor and Lender?
Jim Soda 941-809-7759
Prudential Palms Realty
Web Reference:
0 votes
Vicky Chrisn…, Agent, Purcellvile, VA
Sat May 16, 2009
Tye - please hire a good buyers agent to assist you.
0 votes
Lisa Reeves, Agent, Tampa, FL
Sat May 16, 2009
There are other options for downpayment assistance. I currently have a land trust project that has downpayment assistance money and you can qualify upto 120% median income. It is new construction modular build in Westshore by Lois and Spruce. Contact me for further information.
0 votes
Mark Zabilow…, Agent, Lutz, FL
Sat May 16, 2009

You really need some help here!!! I can certainly appreciate your wanting to go it alone, but keep in mind as a buyer's agent my cost to you out of pocket is $0. All commissions are paid through the agreement the seller has with the listing agent in the form of compensation to buyer's agents.

Your question of offers are going to be different for every home you look at. One may be priced extremely high compared to the neighborhood comps, while another similar home can be priced very agressively. One seller may be really motivated to sell, while another may be feeling out the market. What will you do if the property is a short sale? are you familiar with this process??

You can call me at 813-849-8554, or email me at

Will be happy to provide references too...

Yours to count on,

Mark Zabilowicz
Tampa Realtor
0 votes
Bill Szydlow…, Agent, Tampa, FL
Sat May 16, 2009

If you are working with a competent realtor, they should be able to answer these questions and guide you thru the home buyer maize. Depending on where you are looking, there are different down payment assistance programs or special financing available. Seller paying closing costs is not always an option, depending on the home, other offers, etc. Again, a competent full time realtor that is working for you, not the seller, will help you with this. If you do not a realtor, please feel free to contact us directly and we would be glad to help.

Bill Szydlowski
The Szydlowski Team
Future Home Realty
Web Reference:
0 votes
Search Advice
Ask our community a question

Email me when…

Learn more