Miami real estate

Miami homes for sale

Coral Gables, Coconut Grove Homes and Real Estate for sale  

Interest Rates

Another reason for including financing information in your offer is to protect yourself. If interest rates suddenly become volatile and rise quickly, as sometimes happens, you may looking at a mortgage payment much higher than you anticipated. By putting a maximum acceptable interest rate in the offer, you are protecting yourself from such an occurrence. I sell real estate in Coconut Grove, Coral Gables.

At the same time, the seller will probably want to see that you have some flexibility in the financing terms you are willing to accept. If interest rates are currently at eight percent and you indicate this is the highest rate you will accept, you would be able to cancel the contract without penalty if interest rates rose past that point. The seller would suffer because they have lost valuable marketing time and may have made their own plans based on successfully closing the transaction.

Miami real estate

Coral Gables, Coconut Grove Homes and Real Estate for sale

Coldwell Banker
8240 Mills Drive
Miami, Fl 33183