Forum

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Notify me of new replies via email
Mortgage Broker News | 21 Mar 2014, 03:23 PM Agree 0
A broker is often a homebuyer’s first pit-stop on the way to home ownership but once that transaction is completed buyers may have to deal with the shark-infested waters that surround bidding wars. Here are some tips to pass on to your clients to better prepare them and build confidence.
  • Scott | 26 Mar 2014, 11:45 AM Agree 0
    It's interesting that there is nothing mentioned about a financing condition. While I agree that a cleaner offer is a better one, in a situation where the buyer is paying over the list price, he could be exposing himself to undue risk (i.e. the value is not supported in the appraisal of the property), potentially leaving the buyer on the hook for more cash outlay than they expected...

    I think this is especially important in a default insurance situation, or where the client just has enough for their proposed down payment.

    Just a thought.

    Scott
Post a reply