Very Special Thread Of Real Estate Randomness

[betenoire]

Originally Posted by gayla

One question I get quite often is about preapproval letters. It's become fairly standard to ask that a preapproval letter be included with an offer to purchase and buyer's are concerned that the seller will see the total amount for which they have been approved. In reality, the finance person will write the approval letter for the amount of the offer so even if you have been approved for a larger amount, it doesn't "tip your hand" in the negotiating process.

Good to know.

I hate that I can't pick my Dad's ear about this, cuz that's generally pretty fun for me. But he's not good with buying houses. He can put a new roof on my house for me and renovate a bathroom - but he can't tell me what to ask or what to expect.

Fun fact - my father is OBSESSED with steel roofs. OBSESSED. Seriously. He drives around and points out houses that have them. He's made it perfectly clear to me that it does not matter how new the roof on whatever house I end up with is - in fact he'd prefer that the roof need replacing. Because he wants me to have a steel roof and he and his buddies are going to put it on for me. I don't argue.