Thinking of buying a new home? Read this!

Q. I want to make an offer on a home but the seller is concerned about my contract being subject to financing.  What kind of incentive can I give the seller so that he/she will take my offer?

A. You can provide a pre-approval letter from a reputable mortgage lender to help him/her with his comfort level.  Another way to entice the seller would be to make your deposit non-refundable if you don’t close. In that case, he would be compensated for the time expended.  Be careful how much money you put down as a deposit as you will lose it if you cannot complete the sale.  As always, see the advice of a professional before signing a contract.

If you need a referral to a mortgage lender let me know.  I work with some of the best and rates are low.  Now is the time to buy!

As with any legal issue, the advice of a trained professional is always beneficial.  Our firm is a full service law firm covering such legal matters as personal injury and estate planning.  If we can assist you, please call or visit our website.

Published in: on January 18, 2010 at 2:23 pm  Leave a Comment