am i about to get screwed?

[scaredyclassic]

salutations. I know I signed off until I bought a house, but I am attempting to buy a house, and have a snarl in negotiations and I’d like your opinion. We offered “list price, seller pays closing”. They countered with, “seller pays 25% of closing.” I said “no; list price plus a little tiny bit, seller pays closing costs”.

Seller’s agent is also seller’s brother and is also a mortgage broker. Seller’s agent says, “let me do your loan, I’ll take the fees and commissions and apply them toward closing costs to bridge the gap.”

Assuming I put a cap on the interest rate I’ll accept at or pretty close to market, am I about to get screwed? Is it worth it to have the brother broker do the deal to make it happen, since I’m not willing to pay out of pocket any more than I’ve offered. I figure my main risk is a slightly higher interest rate.

[NotCranky]

Choke! Choke!Choke!Choke!
Just kidding there, scaredy. Definitely establish the parameters. Piggs can help with that. If they do what they say,give you a fair priced loan, you don’t get screwed. Maybe they will, maybe they will try not to and you have trouble. Whatever you do, put loan contingency to remain in effect for the duration in a counter offer, if it isn’t in the original RPA.

[NotCranky]

Choke! Choke!Choke!Choke!
Just kidding there, scaredy. Definitely establish the parameters. Piggs can help with that. If they do what they say,give you a fair priced loan, you don’t get screwed. Maybe they will, maybe they will try not to and you have trouble. Whatever you do, put loan contingency to remain in effect for the duration in a counter offer, if it isn’t in the original RPA.

[NotCranky]

Choke! Choke!Choke!Choke!
Just kidding there, scaredy. Definitely establish the parameters. Piggs can help with that. If they do what they say,give you a fair priced loan, you don’t get screwed. Maybe they will, maybe they will try not to and you have trouble. Whatever you do, put loan contingency to remain in effect for the duration in a counter offer, if it isn’t in the original RPA.

[NotCranky]

Choke! Choke!Choke!Choke!
Just kidding there, scaredy. Definitely establish the parameters. Piggs can help with that. If they do what they say,give you a fair priced loan, you don’t get screwed. Maybe they will, maybe they will try not to and you have trouble. Whatever you do, put loan contingency to remain in effect for the duration in a counter offer, if it isn’t in the original RPA.

[NotCranky]

Choke! Choke!Choke!Choke!
Just kidding there, scaredy. Definitely establish the parameters. Piggs can help with that. If they do what they say,give you a fair priced loan, you don’t get screwed. Maybe they will, maybe they will try not to and you have trouble. Whatever you do, put loan contingency to remain in effect for the duration in a counter offer, if it isn’t in the original RPA.

[Nor-LA-SD-guy]

Are you sure you don’t want to move to Baltimore ??

Young people at The University of Baltimore will be able to study the zombie condition thanks to the newly available English 333. Students in the class will watch 16 classic zombie films and read zombie comics. Instead of writing a final research paper they may write a script or draw storyboards for their own zombie movie. Unfortunately the class doesn’t seems to cover brain appreciation

Just kidding.

[Nor-LA-SD-guy]

Are you sure you don’t want to move to Baltimore ??

Young people at The University of Baltimore will be able to study the zombie condition thanks to the newly available English 333. Students in the class will watch 16 classic zombie films and read zombie comics. Instead of writing a final research paper they may write a script or draw storyboards for their own zombie movie. Unfortunately the class doesn’t seems to cover brain appreciation

Just kidding.

[Nor-LA-SD-guy]

Are you sure you don’t want to move to Baltimore ??

Young people at The University of Baltimore will be able to study the zombie condition thanks to the newly available English 333. Students in the class will watch 16 classic zombie films and read zombie comics. Instead of writing a final research paper they may write a script or draw storyboards for their own zombie movie. Unfortunately the class doesn’t seems to cover brain appreciation

Just kidding.

[Nor-LA-SD-guy]

Are you sure you don’t want to move to Baltimore ??

Young people at The University of Baltimore will be able to study the zombie condition thanks to the newly available English 333. Students in the class will watch 16 classic zombie films and read zombie comics. Instead of writing a final research paper they may write a script or draw storyboards for their own zombie movie. Unfortunately the class doesn’t seems to cover brain appreciation

Just kidding.

[Nor-LA-SD-guy]

Are you sure you don’t want to move to Baltimore ??

Young people at The University of Baltimore will be able to study the zombie condition thanks to the newly available English 333. Students in the class will watch 16 classic zombie films and read zombie comics. Instead of writing a final research paper they may write a script or draw storyboards for their own zombie movie. Unfortunately the class doesn’t seems to cover brain appreciation

Just kidding.

[Coronita]

One often says that when you’re buying a new car, try to keep the new car purchase separate from the trade in…Think about that one for a moment…

I wouldn’t say you’re getting completely screwed, but it does sound like that brother/agent is trying to do the best he can to make sure you don’t get the home at the price you want. while at the the same time trying to do a loan too that may/may not be the best you can do.

(I think you owe it to yourself to apply for an external loan, possibly at the same time you’re going through with the loan with said agent.)

I guess the more important question you should ask really is how badly your wife wants this house, and is she ok with “seller pays 25% of closing”? The answer to that question is all that matters. Or better yet, ask your wife to post the question here herself. That way, it removes you out of the equation (so she can’t get mad at you either way). Remember what you said. You’re going to pay X. She can pay Z-X, where Z is the total cost of the home. 🙂

[Coronita]

One often says that when you’re buying a new car, try to keep the new car purchase separate from the trade in…Think about that one for a moment…

I wouldn’t say you’re getting completely screwed, but it does sound like that brother/agent is trying to do the best he can to make sure you don’t get the home at the price you want. while at the the same time trying to do a loan too that may/may not be the best you can do.

(I think you owe it to yourself to apply for an external loan, possibly at the same time you’re going through with the loan with said agent.)

I guess the more important question you should ask really is how badly your wife wants this house, and is she ok with “seller pays 25% of closing”? The answer to that question is all that matters. Or better yet, ask your wife to post the question here herself. That way, it removes you out of the equation (so she can’t get mad at you either way). Remember what you said. You’re going to pay X. She can pay Z-X, where Z is the total cost of the home. 🙂

[Coronita]

One often says that when you’re buying a new car, try to keep the new car purchase separate from the trade in…Think about that one for a moment…

I wouldn’t say you’re getting completely screwed, but it does sound like that brother/agent is trying to do the best he can to make sure you don’t get the home at the price you want. while at the the same time trying to do a loan too that may/may not be the best you can do.

(I think you owe it to yourself to apply for an external loan, possibly at the same time you’re going through with the loan with said agent.)

I guess the more important question you should ask really is how badly your wife wants this house, and is she ok with “seller pays 25% of closing”? The answer to that question is all that matters. Or better yet, ask your wife to post the question here herself. That way, it removes you out of the equation (so she can’t get mad at you either way). Remember what you said. You’re going to pay X. She can pay Z-X, where Z is the total cost of the home. 🙂

[Coronita]

One often says that when you’re buying a new car, try to keep the new car purchase separate from the trade in…Think about that one for a moment…

I wouldn’t say you’re getting completely screwed, but it does sound like that brother/agent is trying to do the best he can to make sure you don’t get the home at the price you want. while at the the same time trying to do a loan too that may/may not be the best you can do.

(I think you owe it to yourself to apply for an external loan, possibly at the same time you’re going through with the loan with said agent.)

I guess the more important question you should ask really is how badly your wife wants this house, and is she ok with “seller pays 25% of closing”? The answer to that question is all that matters. Or better yet, ask your wife to post the question here herself. That way, it removes you out of the equation (so she can’t get mad at you either way). Remember what you said. You’re going to pay X. She can pay Z-X, where Z is the total cost of the home. 🙂

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