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277
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188
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Ursula B.
  • Involved In Real Estate
  • Winston-Salem, NC
188
Votes |
277
Posts

Question on Fannie Mae Counteroffer

Ursula B.
  • Involved In Real Estate
  • Winston-Salem, NC
Posted

Hoping anyone that has bought from Fannie Mae can help on this.  Just  got a counter from Fannie Mae, and we are $4K apart.  They are $2K down from list price.  Since there were multiple offers and I have a financing contingency, I'm assuming I was highest (they only countered price). Am I safe to counter? I'd like to go up $2K, but would hate to lose the property over $2K. Any insight is appreciated.

Most Popular Reply

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51
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14
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MONICA WATSON
  • Investor
  • Pearland, TX
14
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51
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MONICA WATSON
  • Investor
  • Pearland, TX
Replied

@Ursula B. Did you close? I am under contract and hoping to close with Fannie in January, but have heard they can cancel closing anytime.

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