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What if my offer is rejected?
  • Answer: They often are! But don't let that stop you. Now you begin negotiating. Your broker will help you. You may have to offer more money, but you may ask the seller to cover some or all of your closing costs or to make repairs that wouldn't normally be expected. Often, negotiations on a price go back and forth several times before a deal is made. Just remember - don't get so caught up in negotiations that you lose sight of what you really want and can afford!


Home Buying FAQ's

_____________________________

Table of Contents
 

Why should I buy, instead of rent?

I've heard of HUD homes. What are HUD homes, and are they a good deal?

I've had bad credit, and I don't have much for a down-payment. Can I become a homebuyer?

I'm a single mother. How would I go about buying a home?

Should I use a real estate broker? How do I find one?

How much money will I have to come up with to buy a home?

How do I know if I can get a loan?

How do I find a lender?

In addition to the mortgage payment, what other costs do I need to consider?

So what will my mortgage cover?

What do I need to take with me when I apply for a mortgage?

I know there are lots of types of mortgages - how do I know which one is best for me?

When I find the home I want, how much should I offer?

What if my offer is rejected?

So what will happen at closing?

Source: U.S. Department of Housing and Urban Development

 

 

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