How much $$$ to have in hand before making an offer resale?

[rusafee1183]

Has anyone done resale and financed their purchase? I am unsure how much money I need to have in hand before making an offer. I know we need to make a deposit of $500-$1000 depeding on the cost of the purchase.... but I am not sure how much everything else costs, like closing etc etc.

I found the perfect contract, and we don't have enough to buy it outright yet. I just want to make sure I am prepared for everything and don't get caught off guard.

Thanks!

 

[Meggysmum]

We have never financed but whenever I have asked for details about a resale contract I have been given full details including the breakdown of Maintenance Fees Due and Closing costs. I believe there is one agent who also charges a transaction fee as well. Just make the enquiry about your contract and they should send you all the figures so you know what you are working to.

 

[NoleFan]

We had to do 10% with one company & 20% with another for deposit (no financing). I would contact the broker directly.