Dear David: When we sold our house, we received eight offers. We picked one that was firm with no conditions. Weeks later, the buyers are asking for an appraisal. Can they do that if there was no financing condition in their offer? – PANICKED DEAR PANICKED: Don’t be alarmed, this happens all the time. Many
Dear David, We are first time buyers. We’ve been shopping for a while, and have made offers on three homes so far. We’ve been approved for a $500,000 purchase, but my partner wants to spend $400,000 tops and keeps insisting that we bid under asking price, even when there are multiple offers. Is he being
There are ways for buyers to hedge their bets and give themselves the best shot at receiving full approval once they find a home, even though the bank has the final word.