Know Your Numbers | If You’re Going To Overbid On A Property

Scott Nicholson

Published 3 months ago

Hello, I wanted to get this sample TCA on how "over bidding" on a property could be the trick to get you that property. But, you need to know your numbers and your need a expert Loan Officer who knows how to structure the financing. Example: Sales Price 625,000 | You want to put 20% Down | You have a 780 middle FICO and you really want to this home. Hurdle: Comps are in the range of 563k to 594k range. Problem: You think you need additional funds to close or have to deal with PMI or even have a payment that becomes to high and unaffordable. Solution: Watch the video below and I'll show you how in the worse case scenario ( overpaid by 62k ) plays out............ Hint: your payment would only go up by 35.00 and cash to close would be less!!

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Stephen N.

"Scott is easy do deal with and explains everything in detail."


Justin D.

"Scott was very helpful and informative through the entire process. His communication and insight were second to none!"


Madison D.

"Our transaction with Scott went very smoothly! He was always available to answer any questions we had and he called us anytime he sent something to be sure we understood everything. As first time homebuyers, the process can be intimidating but with Scott's help, we felt comfortable and confident that we had a great understanding of the process from beginning to end. Thanks, Scott!!"


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