zozopetal's Advice

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  • 9 Contributions
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zozopetal wrote:

Are we getting screwed?

Answer
mack the reason is the commission that is why she is stalling.   On $50,000, the agent makes $500 and gets half $250.   On a house in Madison Park in Seattle the $1,000,000 price tag fetches a $10,000 commission.   This Broker must really be desparate for cash to put the cabash on a $50,000   deal
January 02
(0)

Are we getting screwed?

Answer
I think what is happening is she is waiting for interest rates to back down so she can make more commission in points.   Call her bluff ....tell her you know what is going on with locking rates and waiting for rates to go lower to make more YSP!!!!Tell her you will report her to the association if she doesn;t have loan doc's in 3 days.
January 02
(0)

Are prices still rising in Seattle

Answer
not at all.....half the buyers are paying cash.....Average neighborhoods prices are  $500,000.......$900,000
July 11 2013
(1)

Can you lock with multiple lenders?

Answer
the key is who gives you the best rate.....pure and simple.   Did you sign paperwork saying you were on the hook for the appraisel with #1.   If you didn't don't worry go with the best rate. What i would do is lock in at 45 days after 20 days if rates drop go to another broke and get 1/2% lower rate.    No brokers make you prepay for apprasial.
July 09 2013
(0)