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Updated over 5 years ago, 05/31/2019
KC Realtor offer contract via Dotloop
Hi Everyone,
Sorry for the rushed nature of this post, but I am doing this troubleshooting live so please bear with me.
I am working with a agent on a purchase a SFH in KCMO and he sends offers/contracts via DOTLOOP. Well I put in an offer and but he is having difficulty putting in the specifications that I want.
The Current offer is that the Seller pay 5K in closing costs. This, in my mind would pay for some of the closing, a lump sum PMI, and a bit of a rate buydown.
BUT as it currently is on the contract, it states that the BUYER will be responsible for Loan Costs and PMI costs, which defeats what I want to do. I have asked the agent to change that part of the contract. He is having trouble doing so, as he is not able to change that section via an online DOTLOOP contract. He instead split the costs of the Closing between the "Closing" section and the "COST NOT PAYABLE BY BUYER" section. The next section still states that BUYER is responsible for Loan costs and PMI.
What can be done in this case? I'm thinking Scan over a PDF to me with the changes and I would initial it manually. Or would what he did be enough? He's not sure if it is.