Most homebuyers know by now that it’s their legal right to choose their own title company and that shopping for title services is one of the most effective ways to reduce costs at the closing table. (For those who haven’t heard this, read...
As we are again finding ourselves in a competitive market, with sellers in many cases receiving multiple offers, one issue that has re-surfaced is the concept of “waiving the appraisal contingency.” What does this mean to a buyer...
In Part 1, we looked at a scenario where a purchaser (Offer B) was attempting to switch from an “all cash” purchase to using lender financing under the GCAAR Regional Sales Contract, after the contract had been ratified. We concluded...
Consider the following scenario: It’s a bidding war, and the seller of a property is choosing between multiple offers. It comes down to the two highest offers:
Offer A: $505,000, FINANCING of 20% down and 80% loan, $5,000 earnest money deposit,...
I want a home inspection, but I don’t want to put a contingency in my offer. How can I have it both ways?
Since inventory is low in the DC area, most potential buyers do not want to remit an offer that has any contingencies. Many buyers find...