Confessions of a First Time Buyer – Part 4

We left off where the Development had changed hands and now coincidentally come to Warburg Realty.  Sally was sure this was a sign, a karmic message confirming that this was indeed the home for her.  I neglected to mention that during that summer Sally had discovered a few items on her credit report that needed attention, so she hired at the suggestion of her mortgage broker, Helayne Urban Credit Coach, Inc. and within 3 months managed to add substantial points to her credit score and making the mortgage process a lot smoother.  So on September 15, 2009 and feeling a bit more confident that things were progressing on a more positive note; another offer of $650K went to the sponsor.  Also working in Sally’s favor at this time was the sponsor offering to pay closing costs and money towards an attorney.  Sally is now determined to make this happen and moves full steam ahead, but discovers that the property she had been bidding on now has a full all cash offer of $700K.  This is not good news for Sally as she is not about to get into a bidding war and decides to back off, but is informed by the brokers that the same exact apartment is available on the floor below.  Disappointed and heartbroken, Sally contemplates yet again……………