Asked by pattymatt2003, Los Angeles, CA • Mon Jan 21, 2013
1. Since a short sale is more complicated than a standard sale, sellers(house owner) or lenders may not pay something, like termite, home warranty...etc. Buyers usually have to pay by themselves. My question is, if a short sale price is $900,000. How much should a buyer (with down payment $550000 and mortgage $350000) expect to pay "totally" for this house? I mean, including escrow, mortgage application(without point), home inspection, or anything I don't expect...etc.
2. On short sale, usually buyers can not set some conditions on offer form like standard sales. Is there anything buyers can ask for? like ask title insurance from seller? or set contingency upon loan approval... etc.
3. In most cases, who pay buyer agents fee?
Many thanks for your answers, and any reminder about short sale is very welcome.
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