I have a question and don’t want to bother my agent

I’ve been shopping for a condo in a high cost of living area for a couple months. I’m a single buyer and I’ve been approved for 150,000 non fha and 225,000 with fha. I haven’t found a single fha condo in my price range, which is understandable since I don’t have a lot to work with. So I’m trying to limit my searches to places I can afford with a standard loan.

So there are four or five condos on the market that I can afford. I’ve put an offer in on one and it had a huge special assessment fee that would have to be paid for the next 20 years, so that was out.

Now there’s one condo I’ve been eyeing since it came on the market a few months ago. I even went to the open house and really like it. It started off at 190,000 and they’ve since dropped the price 5k.

So I have 19k in savings and I’ve been adding 1000 per paycheck. I’ve been living with my parents so I haven’t been paying for housing.

Would it be silly to ask my realtor if we could offer say 15k under asking? Then I could put my (as of this Friday) 20k down and take the full 150,000 loan? If this is an ignorant or embarrassing ask I don’t want to bring it up to my realtor because she’s a family friend. The condo has been on the market 41 days.

Thank you!

submitted by /u/flowercup
[link] [comments]

I’ve been shopping for a condo in a high cost of living area for a couple months. I’m a single buyer and I’ve been approved for 150,000 non fha and 225,000 with fha. I haven’t found a single fha condo in my price range, which is understandable since I don’t have a lot to work with. So I’m trying to limit my searches to places I can afford with a standard loan. So there are four or five condos on the market that I can afford. I’ve put an offer in on one and it had a huge special assessment fee that would have to be paid for the next 20 years, so that was out. Now there’s one condo I’ve been eyeing since it came on the market a few months ago. I even went to the open house and really like it. It started off at 190,000 and they’ve since dropped the price 5k. So I have 19k in savings and I’ve been adding 1000 per paycheck. I’ve been living with my parents so I haven’t been paying for housing. Would it be silly to ask my realtor if we could offer say 15k under asking? Then I could put my (as of this Friday) 20k down and take the full 150,000 loan? If this is an ignorant or embarrassing ask I don’t want to bring it up to my realtor because she’s a family friend. The condo has been on the market 41 days. Thank you! submitted by /u/flowercup [link] [comments]

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