Pat Lord helped my husband and I buy our first home. She made the process very easy and explained everything to us as we went along. I would recommend... more
Pat Lord was very responsive to my inquiries and made sure that I understood everything going on during my purchase. She is very knowledgeable and... more
Pat Lord is an incredible professional I would choose for myself and also recommend to family, friends and coworkers. I was fortunate to work with Pat... more
Real Estate Sellers Tips
Selling: Financing Options
When the time comes to negotiate a sale, it is best to be aware of current financing available to the buyer. With the help of your real estate agent, review the mortgage climate - are loans in abundance or hard to obtain? If the buyer isn't able to qualify for enough money, you may want to offer a second mortgage out of your profits (if this is allowed by the first lender). Does your property qualify for VA/FHA loans? Is your current loan assumable?
Does the buyer expect you to pay any of the discount points connected with the cost of his loan? Determine your time limits in waiting for financing to be secured by the buyer, including alternatives.
Champions Real Estate Services