Posted on January 25, 2010
Last Friday I went out on a real estate tour with a twenty something single woman who is a regional manager of a local retail chain. Her price criteria was between $160,000 to $189,000 with the hopes that the seller would come down to $180,000 or less. In one day we saw homes in Blaine, Ferndale, (with an excellent lunch on me at El Nopals Mexican Restaurant in Ferndale), Lynden, Meridian, Bellingham, Birch Bay and back to Ferndale to see again the best liked home of the tour. My buyer instructed me to write an offer on the Ferndale home ( which was listed for only 2 days). The seller countered the offer, including paying $2,000 of the buyers closing costs. The buyer is financing the home through the Rural Housing program and is paying less than $2,000 total cost to finance the home, with a 30 fixed rate of less than 5 %. On Saturday my buyer signed the counter offer, after receiving a complete Good Faith Estimate from Well Fargo Bank. Today at 3 PM the house was inspected and only minor deficiencies were found. We are scheduled to close the sale on or before 3/15/10. The buyer will receive $8,000 federal tax refund on the first time home buyers program.
I am very gratified and very grateful to have this opportunity to serve.