Asked by Saraheogden, Kerhonkson, NY • Mon Feb 4, 2013
We found a house that we want to buy. Its in an up and coming neighborhood that is becoming increasingly difficult to buy it- there are lots of developers and cash buyers looking in the area.
We are pre-approved for an FHA loan but can't put a huge amount of cash down.
We offered 10K over the asking price to let the seller know we are really serious.
There was another offer that was higher and has a significant amount of cash to put down upfront.
I just don't know what to do as a counter offer? We can offer more but I want to know it will help us get the deal secured. Is there anything we should be doing/ offering to persuade the seller?
Any tips appreciated! We are very new to this.
Thanks so much
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