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John - December 12th, 2005 11:11 PM

I am building a house on a piece of property I own. Can I use the equity in the property as the down payment on the house mortgage?


C Davis - September 9th, 2005 9:01 PM

Not sure if you can. Let me know what happens though, am curious.

Good luck!

www.RegistryLine.com


sthflrealtor - September 16th, 2005 5:32 AM

RE Agents have to evaluate more than just the offering price. There may have been some terms of the contract that were more appealing to the Seller in the other contract, all of which the entire "offer". The Seller in the end makes the final call, all the RE Agent should do is advise them as to the terms and conditions of the offer to make it more clear and easy to understand. They will also offer their unbiased opinion based on the overall condition of the offers. Sorry to hear you didn't get the house, but I think the BBB way is not the way to go as it will most likely get you no where. Good Luck!
Your SouthEast Realtor & Mortgage Broker
www.fredtomaro.com


Josh - November 24th, 2007 9:43 PM

There are a lot of other reasons your offer can be rejected. Perhaps they had an earlier closing date, or no contingencies for selling their home, etc.


Kim - March 19th, 2008 6:23 PM

Offers are considered based on a number of factors not just on price. Sellers typically choose the strongest offer. Things that determine the strength of an offer include: amount of down payment, amount of reserves in the bank, pre-approved financing, ability to meet the terms of the seller with regards to closing dates, closing costs, etc.


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