Most purchase agreements are contingent on which two items quizlet
1-What’s the biggest reason to make your offer contingent on a professional home inspection? It could reveal issues you were unaware of It will help you negotiate a lower price Lenders require professional inspection Professional inspection is required by law 2-Which one of these is the best description of a comparative market analysis? It shows what similar homes in the area have recently sold for It shows the list prices of similar homes in the area It’s a guide to the minimum acceptable offer It discloses issues with the home that are known to the seller 3-Most purchase agreements are contingent on which two items? Appraised value Property description Clear title Title insurance 4-Which one of these will most likely require a specialized inspection? Mold Roof Windows Interior Structural components 5-Which two of these should you do if your lender rejects your loan application? Ask your home inspector why Ask your lender why File a dispute with the Fair Credit Agency Shop for a different lender or type of mortgage 6-Which set of items appears on a loan estimate? Inspection contingency, legal property description, interest rate Interest rate, estimated monthly payment, estimated cash to close Credit score, inspection contingency, prepayment penalty Recommended repairs, estimated cash to close, private sewer and well disclosure 7-Who delivers your offer to the seller? You Your real estate agent Your lender None of the above 8-Which one of these is not a smart way to negotiate? Make counteroffers by phone or in person, so you can use your powers of persuasion Go in knowing the maximum you’re willing to pay Learn about the seller’s needs and try to accommodate them Add a personal letter to your offer (Note I italicize the answer I think should be right but 2 of the answer are wrong please help me that which of them are wrong and what’s the right answer
Answer
1-What’s the biggest reason to make your offer contingent on a professional home inspection? – Correct It could reveal issues you were unaware of – Correct It will help you negotiate a lower price Lenders require professional inspection Professional inspection is required by law 2-Which one of these is the best description of a comparative market analysis? It shows what similar homes in the area have recently sold for – Correct It shows the list prices of similar homes in the area – Wrong It’s a guide to the minimum acceptable offer It discloses issues with the home that are known to the seller 3-Most purchase agreements are contingent on which two items? – Correct Appraised value Property description Clear title Title insurance 4-Which one of these will most likely require a specialized inspection? – Correct Mold – Correct Roof Windows Interior Structural components 5-Which two of these should you do if your lender rejects your loan application? Ask your home inspector why – Correct Ask your lender why – Wrong File a dispute with the Fair Credit Agency Shop for a different lender or type of mortgage – Correct 6-Which set of items appears on a loan estimate? – Correct Inspection contingency, legal property description, interest rate Interest rate, estimated monthly payment, estimated cash to close – Correct Credit score, inspection contingency, prepayment penalty Recommended repairs, estimated cash to close, private sewer and well disclosure 7-Who delivers your offer to the seller? You Your real estate agent – Correct Answer Your lender None of the above 8-Which one of these is not a smart way to negotiate? – Correct Answer Make counteroffers by phone or in person, so you can use your powers of persuasion Go in knowing the maximum you’re willing to pay Learn about the seller’s needs and try to accommodate them
Add a personal letter to your offer – Correct
Most purchase agreements are contingent on which two items quizlet