Buy My Home FastFast Solutions for Selling Your Home

My wife and I are getting ready to make our first offer on a home. Here’s the info on it.

We are pre-approved for a loan amount of $350,000. The home we like is a short-sale and the bank has already approved the short-sale. They are asking $240,000 and compared to the other homes in our area we believe it is worth $290,000 to us. We really want the home and don’t want to lose our chance so we are going to offer $275,000 and the bank pays the closing costs. We are trying to do anything we can to avoide paying the closing costs ourselves because we might have a hard time coming up with it. However, we are willing to offer $35,000 on top of their asking price. Well actually, think of it more as $25,000 more because if the bank does pay the closing costs then we are really only giving them $25,000 more and not $35,000 more.

Do you think we will have a great chance to get it at an offer of $275,000 and they pay closing OR do you think we need to offer $275,000 and NOT ask for closing?

Our agent says we might not get a chance to submit a backup offer because this home already has multiple bids and that the banks are taking the first best offer these days (in our area of Fullerton, CA).

Please help because I am making the offer today at 3pm.

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