sarfaroshi Posted January 24, 2022 Report Share Posted January 24, 2022 49 minutes ago, Katti_Ramdas said: Closing appudu padite adjust chestara accordingly. Lekapote bank vadu kooda ivavdu ga appu.. enti situation Ye ooru bhayya manadi... Ila minimum knowledge lekunda...... FOMO buyers ekkuvaipoyi... Housing market ni nashanam chesaaru Quote Link to comment Share on other sites More sharing options...
Katti_Ramdas Posted January 24, 2022 Author Report Share Posted January 24, 2022 20 minutes ago, sarfaroshi said: Ye ooru bhayya manadi... Ila minimum knowledge lekunda...... FOMO buyers ekkuvaipoyi... Housing market ni nashanam chesaaru Question adiganu salaha adigana.. 1 Quote Link to comment Share on other sites More sharing options...
terminator_desi Posted January 24, 2022 Report Share Posted January 24, 2022 34 minutes ago, LadiesTailor said: There is something called home appraisal… your lender will do it before closing and most new homes ki price match avvuddi and lender will give you the loan… home appraisal value thakkuva vaste you can negotiate with builder and back out backout ante apart from earnest fee will we paying any other penalty/fees bro? Quote Link to comment Share on other sites More sharing options...
Katti_Ramdas Posted January 24, 2022 Author Report Share Posted January 24, 2022 3 minutes ago, terminator_desi said: backout ante apart from earnest fee will we paying any other penalty/fees bro? Ernst money okkate.. Quote Link to comment Share on other sites More sharing options...
LadiesTailor Posted January 24, 2022 Report Share Posted January 24, 2022 Just now, terminator_desi said: backout ante apart from earnest fee will we paying any other penalty/fees bro? Usually home price ki appraisal price match chestaru so that you get loan… anduke builder supported lender tho mortgage finance chesuko antaru… Loan amount appraisal value meeda istaru not on home sale price… diff vunte seller has to cut down his price or vere type lo house improvements add chesi manage chestaru… Aa rendu options workout avvakapote you can always back out and you get your money back… ee. Market lo neeku aa situation raadu and new home builders and their supported lenders will make sure appraisal matches your home value.. don’t worry too much 1 Quote Link to comment Share on other sites More sharing options...
pullakayi Posted January 24, 2022 Report Share Posted January 24, 2022 38 minutes ago, sarfaroshi said: Ye ooru bhayya manadi... Ila minimum knowledge lekunda...... FOMO buyers ekkuvaipoyi... Housing market ni nashanam chesaaru Anni andhariki telustaya vay …. Edo adugutunadu koney mundhu… endhk vay judge chestaru … andhariki first time anni telustaya Quote Link to comment Share on other sites More sharing options...
rmJU72 Posted January 24, 2022 Report Share Posted January 24, 2022 If you are willing to pay cash for the difference in appraisal and sale price, then no issues, you will still get the house. Else, unless you waived the appraisal contingency in the purchase and sales contract, you can back out and still get your earnest money back. Talk to your realtor to check what was in the contract. You can also ask the seller to reduce the cost based on appraisal but per contract they do not have to do it. Quote Link to comment Share on other sites More sharing options...
Marsmangalodu Posted January 24, 2022 Report Share Posted January 24, 2022 19 minutes ago, terminator_desi said: backout ante apart from earnest fee will we paying any other penalty/fees bro? monne illu konta annav, are you backing out? Quote Link to comment Share on other sites More sharing options...
terminator_desi Posted January 24, 2022 Report Share Posted January 24, 2022 18 minutes ago, Marsmangalodu said: monne illu konta annav, are you backing out? Inka konaledhu bro.I am in a confused state.Phoenix lo inventory low undi and prices are expected to increase 12-15% by End of the year ani konta mandi antunaru.At the same time another groups is saying there will be housing market crash like stock market crash.So not able to decide anything. Quote Link to comment Share on other sites More sharing options...
jadugar Posted January 24, 2022 Report Share Posted January 24, 2022 There won't be any large correction like 20%. Regarding your question, it all depends on what contingencies you have in purchase agreement...like appraisal, loan approval, etc Quote Link to comment Share on other sites More sharing options...
sattipandu007 Posted January 24, 2022 Report Share Posted January 24, 2022 2 hours ago, Katti_Ramdas said: Closing appudu padite adjust chestara accordingly. Lekapote bank vadu kooda ivavdu ga appu.. enti situation Whatever home you buy, during processing of loan there will be appraisal done. Based on that appraisal Bank will loan you the amount. if appraisal comes lower than the sale price then you'll be responsible for the difference. Quote Link to comment Share on other sites More sharing options...
Kalam_Youtheman Posted January 24, 2022 Report Share Posted January 24, 2022 bhayyaa buy house as soon as possible.. eee lafoot gaaala laaaga bubble bubble ani errrpkkkk kaakkandi... April May kalla intetest rates 4 above for sure... 2.5 eekkada 4 ekkada bro... Quote Link to comment Share on other sites More sharing options...
terminator_desi Posted January 24, 2022 Report Share Posted January 24, 2022 1 minute ago, Kalam_Youtheman said: bhayyaa buy house as soon as possible.. eee lafoot gaaala laaaga bubble bubble ani errrpkkkk kaakkandi... April May kalla intetest rates 4 above for sure... 2.5 eekkada 4 ekkada bro... old homes konadam bidding wars to kashtam ayipotundi bro.New builds ki emo 8-10 months construction time antunaru Quote Link to comment Share on other sites More sharing options...
Kalam_Youtheman Posted January 24, 2022 Report Share Posted January 24, 2022 16 minutes ago, terminator_desi said: old homes konadam bidding wars to kashtam ayipotundi bro.New builds ki emo 8-10 months construction time antunaru which area ? Quote Link to comment Share on other sites More sharing options...
terminator_desi Posted January 24, 2022 Report Share Posted January 24, 2022 23 minutes ago, Kalam_Youtheman said: which area ? phoenix and its suburbs bro(Gilbert,Mesa) Quote Link to comment Share on other sites More sharing options...
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