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Updated over 4 years ago,

Robert Carter's profile image
Robert Carter's profile image
Robert Carter
Pro Member
  • Rental Property Investor
  • from Ashburn, VA
  • Member since Oct 15, 2018
  • Posts 63
  • Votes 29
  • Experience 5 Yrs
  • Investments 4
Connect

User Stats

63
Posts
29
Votes
Robert Carter's profile image
Robert Carter's profile image
Robert Carter
Pro Member
  • Rental Property Investor
  • from Ashburn, VA
  • Member since Oct 15, 2018
  • Posts 63
  • Votes 29
  • Experience 5 Yrs
  • Investments 4
Connect
Robert Carter
Pro Member
  • Rental Property Investor
  • Ashburn, VA
29
Votes |
63
Posts
Buying & Selling Real Estate

What do buyers mean when they say...

Robert Carter
Pro Member
  • Rental Property Investor
  • Ashburn, VA
Posted

I know watching HGTV is not real life, I get it.  But a potential buyer qualified for a $550K home but they selected a home that was $499K.  Then the buyer said "oh great now we can use the other 50k to make upgrades like paint, fixtures and floors".  Can they use the rest of the pre-approve loan to make changes to a turnkey home?  If so how does that work? Are they using 203k loan, construction loan, or something else entirely?  

  • Robert Carter
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