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Do I have to go through seller's bank?
I am looking to buy a condo in downtown Dallas, TX. The selling agent tells me we have to deal with their bank, which only offers a 5 ARM. My agent also says I have to go through them. Is that legal? I'd much rather go with a 30year.
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IF the seller requires that, he could refuse any other offer if he wants to.
But no, you are free to make a offer on a home or condo though any lender or no lender if you have a large enough check. But the seller can refuse to deal if his terms are not meet. But no of course you don't want a arm, if you are looking for a long term ownership, so first I think I would change YOUR agent, if you are using this agent, use another agency to make a offer. |
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