I am interested in a house and put my offer in at $300 without "subject to finance", though the asking price is $310-$340. My friends don't suggest this because it's too risky to take.
I am confident in my loan capability and expect to get a good bargain based on this. I have a preapproval of $280K in hand from a lender and $150K savings in my bank. The only concern is I work fulltime but it's on a 12-month fixed-term contract.
This is my first offer in my 6-month house-hunting period and it could be my first house in my life. My question is, to what extent, this kind of offer works well?
Also, I put "subjet to Buiding&Pest Inspections". Do I still have cooling-off period to do these?
I am confident in my loan capability and expect to get a good bargain based on this. I have a preapproval of $280K in hand from a lender and $150K savings in my bank. The only concern is I work fulltime but it's on a 12-month fixed-term contract.
This is my first offer in my 6-month house-hunting period and it could be my first house in my life. My question is, to what extent, this kind of offer works well?
Also, I put "subjet to Buiding&Pest Inspections". Do I still have cooling-off period to do these?
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