Sunday, June 3, 2012

New Offer Accepted

It took the seller about three weeks to counter my offer. I offered $200,900 on a duplex property with an asking price of $192,900. They are asking for $203,000 instead and they will pay $6,000 of my closing cost! The net cost for me would be $197,000  ($203,000 less the $6,000 BCC). I accepted their terms and they also threw in a 2 year home warranty.

Will be financing with a 203k loan at a 3.75% interest rate. I am now scheduling contractors for free estimates. 

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