I'd like to buy. But why is the realtor only stating CASH or CONV financing to purchase

Asked by Rich, New Jersey Mon Sep 15, 2008

Help the community by answering this question:

+ web reference
Web reference:

Answers

3
Jeff Kessler, Agent, Austin, TX
Tue Sep 16, 2008
The seller may have requested that the Realtor only except cash or Conv as going FHA the seller will have to pay more.
Just ask your Agent to call their agent.
Good luck,
J.
1 vote
, ,
Mon Sep 15, 2008
Typically, the listing agent knows that it will not pass an FHA appraisal.... which is also like a mini inspection.
And if the seller isn't going to fix anything, you will have to go conventional.
FHA loan may still work, but some people are pretty stubborn.
1 vote
Scott Godzyk, Agent, Manchester, NH
Mon Sep 15, 2008
it may not qualify for fha financing, it may need too much work. It is always better they state it ahead to save the time and painful reality when you make an offer, go for financing, pay for an appraisal and they tell you the property doesnt qualify. ask teh broker to tell you specifically what it needs or why, they should tell you and be able to help you. good luck rich
Web Reference:  http://www.ScottSellsNH.com
1 vote
Search Advice
Search
Ask our community a question

Email me when…

Learn more