Rural Home Mortgage
First time home buyer help plz?
I buy a house for the first time – have approved in advance on a mortgage, and I get a loan rdl (rural develpment loans). Basically no down payment required and low interest rates since rdl to qaulify house must be outside the city limits. Now the house is listed at $ 183.400 and my realtor said almost all sellers will pay closing costs. I want the house and price seems a little high, but it is nwere home. What kind of deals do buyers usually put down first?
Get your Realtor to do some work for you on this one. Request a market for this home. This allows you to see if the house is even worth 183,400 or if it is a lot at the current price. Remember that the Most sellers want to add some money to negotiate price. In this price range, I'd guess they might have tacked on about $ 3,000 – $ 5000 to negotiate room. But some sellers have delusions and want a specific amount rather than to sell based off the market. Once again Realtor is your working To you this one, so make sure they gather all the information to you so you can get the best trained deals possible. Good luck!