U
/u/uluman
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With an inflated sales price and a credit, the buyer is essentially taking a larger mortgage to get cash upfront. Can't the buyer and their bank just work that out themselves? Why does a seller have to sign off on it?
To reinforce the point, on a cash offer a seller credit is meaningless compared to a lowered price. (except realtor commission or anything based on that artificial "sales price")
submitted by /u/uluman
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Dumb question on seller credits: Why are credits specified in the contract along with a bogus sales price rather than the contract just reflecting a lowered, more accurate sales price?
Continue reading...
To reinforce the point, on a cash offer a seller credit is meaningless compared to a lowered price. (except realtor commission or anything based on that artificial "sales price")
submitted by /u/uluman
[link] [comments]
Dumb question on seller credits: Why are credits specified in the contract along with a bogus sales price rather than the contract just reflecting a lowered, more accurate sales price?
Continue reading...