Kathleen Daniels, San Jose Homes for Sale-Probate & Trust Specialist (KD Realty - 408.972.1822)

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Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
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Good morning Kathleen. A lender will want to see the $5000 used for closing costs, not anything else. The $4000 lot credit can be used as a credit for upgrades.

Aug 05, 2015 07:44 PM
Rainer
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Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

not sure what they meant, but, i am sure when you are done with them....they will be sure to make MORE clear statements :)

Aug 05, 2015 02:06 PM
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
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i would ask the builder for clarification.

Aug 05, 2015 11:38 AM
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JoAnn Moore
The Mortgage Market of Delaware - Georgetown, DE
Home Loans in Delaware

Going with the preferred lender puts the buyer at a disadvantage. That lender may not offer VA for Veterans, have competitive interest rates, etc. Many new home buyers have gotten burned by this tactic. Buyers are better off shopping around.

Aug 05, 2015 11:34 AM
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Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Kathleen, in our area with new construction the $5,000 in closing costs and lot credit would stand on their own.   Most builders in our area identify the lot credit on the building contract; the builder paid closing costs and upgrades are negotiated along with the price.

Aug 05, 2015 10:59 AM
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Debbie Gartner
The Flooring Girl - White Plains, NY
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If there's an "and" then yes it's for all 3 or Choice B

Aug 05, 2015 10:40 AM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Kathleen Daniels My guess is, the builder is steering the buyer to go through a specific lender by giving those incentives. Not sure if it is right thing to do.

Now as far as math goes, I believe, the additional incentives from lender will be on top of what builder has offered.

Aug 05, 2015 05:51 AM
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It should mean choice 2, but I would definitely clarify the term "up to" as this sounds like a maybe to me.

Aug 05, 2015 05:22 AM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

That's the beauty of it all with new product. It is ALL negotiable. The developer is vulnerable and eager. He needs to recapture and reduce so he can make money. Agents are there to assist

Aug 05, 2015 04:20 AM
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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
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I'd think the word 'and' indicates 1, 2, AND 3. 

Aug 05, 2015 03:47 AM
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Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
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(3) " up to " gives them flexibilty in upgrade credits. I suppose it can be interpreted different ways.

Aug 05, 2015 03:19 AM
Rainer
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Sara Wagner
Woodland Management Service - Adams, WI
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I see an "and" in there.

Oct 21, 2018 02:55 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
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2, seems like there was an And in that offer.

Apr 15, 2018 10:58 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
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I think it means you will get all of the above so answer 2. If it isn't that way it is misleading.

Sep 04, 2016 08:24 AM