Can you submit an offer w/o knowing how much you can pay for a down payment?

Posted on: Thu, 09/10/2009 - 23:22

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Can you submit an offer w/o knowing how much you can pay for a down payment?

Hey everyone!

We have two properties that we are interested in making offers on, but we don't have the financing in place yet. I'm not sure if others have made offers on houses without a down payment listed. We'd like to follow Matt's 25:1 formula. My question is, if you're going to be offering 30-50% off FMV, is it realistic to not have your down payment listed with the offer? Thanks!

Vincent

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"He who is mighty has done great things for me...He has...exalted those of humble estate; he has filled the hungry with good things..." Matt. 1:49-53

by pandpvinc
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