I watch your videos during my lunch breaks. Thank you for making these videos - very useful information for people looking to sell/buy houses! You should make a video on Montlake - more people should know about the tiny awesome neighborhood that Montlake is!
1:29 If closing gets delayed by the new construction builder, can you negotiate for the builder to pay the cost to extend the rate lock, and if it's delayed even further, negotiate with the builder to reduce the price of the home to something that's comparable with the higher mortgage rate you re-lock for?
Short answer is that it depends on a lot of factors. In our case the seller wrote into the contract specifically that they would not be obligated to help with a rate lock extension. I think if it really came down to it though, most builders are incentivized to keep a buyer under contract and will give a little eventually. I'll talk more about it in next week's video! I think it's an interesting negotiation scenario.
I watch your videos during my lunch breaks. Thank you for making these videos - very useful information for people looking to sell/buy houses! You should make a video on Montlake - more people should know about the tiny awesome neighborhood that Montlake is!
1:29 If closing gets delayed by the new construction builder, can you negotiate for the builder to pay the cost to extend the rate lock, and if it's delayed even further, negotiate with the builder to reduce the price of the home to something that's comparable with the higher mortgage rate you re-lock for?
Short answer is that it depends on a lot of factors. In our case the seller wrote into the contract specifically that they would not be obligated to help with a rate lock extension. I think if it really came down to it though, most builders are incentivized to keep a buyer under contract and will give a little eventually. I'll talk more about it in next week's video! I think it's an interesting negotiation scenario.
I would love see a video on how a single person can enter the housing market in Seattle. It’s terrifying.
Medical/Tech/Foreign Money/Select Business Executives. If none of these apply, go away
Who did you use for the pipes?
A company called Repipe Specialists. That’s the only thing they do!