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Sale at 245 East 37th Street #1G

Started by Pompis
over 13 years ago
Posts: 8
Member since: Dec 2012
Discussion about 245 East 37th Street #1G
the seller is asking for 30% down and a no mortgage contingency, which means that you should expect to be almost buying it cash. - if you have the 30% down, and the apartment does not appraise - you would have to come up with the difference as the bank will not loan you the total amount if it does not appraise. If you cannot come up with the difference you will loose your 30%. this is a gain gain for the seller and a loose loose for the buyer. Unless you have the money to buy it cash.
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