Negotiating an offer to purchase real estate involves more than coming to agreement on price. Other terms that must be agreed upon include;
Date of closing
Date of possession
Payment of taxes
Closing cost contributions
Inspection contingencies
Down payment amount
Earnest money amount
Of these common terms of an offer, earnest money is the one that always requires the most explanation to my clients. The Wikipedia […]
Tags: Buyers · Financing · Real Estate 101 · Sellers
Hello Everyone,
Here’s a mid week update. The Feds just lowered the discount rate by 75 basis points to 4%. Not only has this been the largest single cut since 1982 but it was done prior to next weeks meeting. Keep in mind this does not mean mortgage rates just went down by .75%. The discount […]
Tags: Financing
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