Illu sign cheseppudu oka value undi

[sarfaroshi]

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

[Katti_Ramdas]

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.. 

[terminator_desi]

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?

[Katti_Ramdas]

3 minutes ago, terminator_desi said:

backout ante apart from earnest fee will we paying any other penalty/fees bro?

Ernst money okkate.. 

[LadiesTailor]

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 

[pullakayi]

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 

[rmJU72]

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.

[Marsmangalodu]

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?

[terminator_desi]

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.

[jadugar]

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 

[sattipandu007]

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.

[Kalam_Youtheman]

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... 

[terminator_desi]

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

[Kalam_Youtheman]

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 ?

[terminator_desi]

23 minutes ago, Kalam_Youtheman said:

which area ?

phoenix and its suburbs bro(Gilbert,Mesa)