
1 minute read
The Offer
from PMI Investor Guide
by Kathryn Carr
Onceyouidentifyapropertywithyouragent,youwillwriteupanoffertotheseller.
Hereareafewthingstokeepinmind:
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Pay close attention to the deadlines. Leave yourself plenty of opportunity for a full due diligence, and push your appraisal/financing deadline out far enough to be safe.
Your financing details, including the amount of earnest money, can act as a signal in the strength (or weakness) of your offer. Everything in the offer sends a message. Use that to your advantage.
Some states allow the closing costs to be built into the loan, by asking the seller to pay for them. If you are trying to minimize your cash outlay, this may be an avenue. However, it does weaken your position somewhat.