My entire detailed experience on buying a multi-unit home (offers, financing, escrow, fixing it up, renting, decor, etc.,)
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.