Writing the Offer - Financial Considerations

It is standard practice to make a purchase offer contingent upon obtaining a mortgage. Because of this contingency, the seller will want the details of your financing plan included in the offer.

Down Payment
In the purchase offer, we will include the down payment amount you will apply toward the purchase. This will give the seller further evidence of your qualifications to secure a mortgage.

Interest Rate
Within the purchase offer, we will provide a safeguard against any dramatic change in interest rates between when the offer is made and when the loan is closed. The offer will not only be contingent upon qualifying for a mortgage, it will also be contingent upon an interest rate within a certain range.

Shopping for Interest Rates >

Seller Assistance
If the house you select is at the top-end of your budget range, we may want to include a request for seller assistance to pay a portion of the closing costs traditionally paid by the buyer or to help "buy-down" your interest rate. Other seller assistance may include having the seller "carry back" a second mortgage to cover your down payment or even 100% seller financing.

With any of these seller assistance options, you can expect to pay a higher purchase price than if you had handled the financing through a traditional mortgage lender.

Search Homes - Sold Homes

To search homes - Click Find a Home.  An alternative and better way is to contact me so I can activate your Listingbook account.  You'll search your dream home just like an agent belonging to the Multiple Listing Service of Long Island.  You can custom your search to communities you desire, the price range, number of bedrooms and baths, style, amenities, etc.  You'll be first to know about price changes and new listings as they get into MLS. 

To find out sold homes in your area - Click Sold Properties.   Educate yourself about home prices in your neighborhood and those sold through the Multiple Listing Service of Long Island within the past six months to a year.  If you are thinking of selling your home contact me so I can perform a thorough research and up-to-date information about the local market.


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