Realtor Jim informed me this afternoon that the buyer accepted my counter-offer and has ratified the contract of purchasing my condo at $1,000 below the asking price. The buyer is a woman relocating from California as part of a job transfer. She is financing 100% of the purchase with two mortgages, an adjustable 30 year mortgage with an initial rate of 6% and a second adjustable 30 year mortgage with an initial rate of 7%. She has a FICO score of over 700.
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