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/u/Bedroom_Bellamy
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Selling my house right now. Background I originally listed at 330. Got some showings and one offer for 340, But they backed out during inspection. I have fixed the inspection items.
But the house back on the market and was getting a no showings or offers, so I dropped the price 30K. I've now had over 50 showings and five offers and I'm stuck between two of them.
Offer 1. 320, conventional loan, buyer is opting for an inspection, seller pays 10k closing costs.
Offer 2. 320 with escalation increments of 1k up to 330, FHA, waived inspection, seller pays 10k closing costs.
I am absolutely terrified of inspection again since that's what made the first buyers back out, so I was leaning towards the FHA one with no inspection, but also the FHA appraisals can be difficult. So would you choose an FHA loan with no inspection, or conventional with an inspection?
submitted by /u/Bedroom_Bellamy
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Which deal would you take?
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But the house back on the market and was getting a no showings or offers, so I dropped the price 30K. I've now had over 50 showings and five offers and I'm stuck between two of them.
Offer 1. 320, conventional loan, buyer is opting for an inspection, seller pays 10k closing costs.
Offer 2. 320 with escalation increments of 1k up to 330, FHA, waived inspection, seller pays 10k closing costs.
I am absolutely terrified of inspection again since that's what made the first buyers back out, so I was leaning towards the FHA one with no inspection, but also the FHA appraisals can be difficult. So would you choose an FHA loan with no inspection, or conventional with an inspection?
submitted by /u/Bedroom_Bellamy
[link] [comments]
Which deal would you take?
Continue reading...