Mortgage Blog

Another Strategy for Purchase Contract

June 25th, 2012 12:08 PM by Eric Fang

I have one borrower who got his offer accepted by the
lender. But he added one condition on the contract:
if the appraisal value is lower than the purchase
price, then he will add $10k to the apprasal value as
the final purchase price. And the seller accepted the
offer, and the appraisal value is $30k lower.

And he saved 20k and got the house, beating other
10+ bidders.

We are learning the tricks everyday. Is not it?

Posted in:General
Posted by Eric Fang on June 25th, 2012 12:08 PM



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