The case
Who
The couple from the brief, relocating from Chicago. Pre-approved, conventional loan. One of them works from home.
The house
An example listing in Vero Beach. Upgraded resale: 4 bed, 3 bath, an office with built-ins, a pool.
- Asking
- $599,000
- On market
- 72 days
What they can’t break
- Monthly, all in
- $4,200 max
- Cash available
- $140,000
- Close
- 25 to 45 days
- Must keep
- Inspection
Where they want to negotiate
- Price
- Seller credit, toward closing or a rate buydown
- Close date
- Contingencies
- What conveys: refrigerator, washer and dryer
Their opening idea: offer $575,000, 20% down, close in 40 days.