This is an experience I had when I first got into real estate and this was my first listing. An experienced broker had the buyer. That was a help. The buyers got a mortgage commitment and everything was fine. Then a month before settlement, the buyer's agent informed me that the buyer would be on permanent disability income which was less that the income with which he he qualified for mortgage. The buyers had very good credit and were putting down 20%. . My seller had paid up the mortgage which was good. We asked the seller if he would give financing and he agreed. So we went to settlement with seller financing. I mention this to sellers. Even if you have a mortgage commitment , things can change. We have to be on our toes and there are no guarantees till we hand over the keys to new buyers.
When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.
Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com
She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email firstname.lastname@example.org
If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491
Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others in my post and comments is not to be construed to be legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.