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Nope. I don't exclude any types of financing unless my seller has a particular preference. And that hasn't happened. My market is still slow enough that the seller will look at all offers.
Richard - In our listing agreement with the seller, they do have options on the type of financing they will accept. However, I would always recommend that the seller be open to any type of financing. At that point, they can review the offer and either counter, accept, or deny if they do not like it.
If an offer is submitted, I am obligated to present it no matter what; unless I have written documentation that the seller does not want to see certain offers for whatever reason.
I am glad to receive all offers and wil evaluate the merits of each one. sometimes an FHA offer can be the better one.
That would definitely be wrong, especially in the entry level properties. We have to have properties available to them. In our very strong market, the cash or 20%+ down buyers are garnering the bids.
That would be wrong to do. The seller makes the decision and if the building is FHA approved, why not? If it is a house and it is a good offer, let them have a break.
I don't. You can now do conventional loans with low money down if that's the issue.
There are no exclusion around here that I know of. I have seen listings that say the home won't pass FHA guidelines however
We must present all offers unless the client instructs us (hopefully in writing) not to present certain offers.
In my market all offers have to be presented to the Seller. We don't have the option of choosing.
That's up to the Seller...
I dont exclude anything. I explain the different options and the seller picks what they make avaialble. In todays market, with so many buyers asking for closing costs to be paid for by the seller, regardless of the type of loan, really little difference between FHA and CON loan. Now VA is a different story.