Comments on: Presale Process http://seattlecondosandlofts.com/2006/05/presale-process Mon, 15 Mar 2010 23:47:58 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Ben_Kakimoto http://seattlecondosandlofts.com/2006/05/presale-process/comment-page-1#comment-7 Ben_Kakimoto Sun, 28 May 2006 05:49:41 +0000 http://seattlecondosandlofts.com/archives/80#comment-7 Tom, Thank you for your comment; I'm glad you find the article useful. To answer your question, it is fairly common for developers to offer long-term rate locks, particularly for new construction. For instance, Vulcan's 2200 project offered pre-sale buyers a 24 month rate lock. Those folks got a great rate. Of course, whether or not a project will have a long-term rate lock is dependent on individual developers and their preferred lender. Tom,
Thank you for your comment; I’m glad you find the article useful. To answer your question, it is fairly common for developers to offer long-term rate locks, particularly for new construction. For instance, Vulcan’s 2200 project offered pre-sale buyers a 24 month rate lock. Those folks got a great rate. Of course, whether or not a project will have a long-term rate lock is dependent on individual developers and their preferred lender.

]]> By: Tom A. http://seattlecondosandlofts.com/2006/05/presale-process/comment-page-1#comment-6 Tom A. Sun, 28 May 2006 04:48:06 +0000 http://seattlecondosandlofts.com/archives/80#comment-6 Ben - Do you know how common it is for the preferred lenders to offer interest rate locks during the pre-sale process? With the steady rise of rates recently, and the potential for more increases through the rest of the year, this would be of particular interest to many pre-sale shoppers - including my wife and I! And thanks for the great post. As a first-time homebuyer this was the best info I have been able to find on the pre-sales process. Tom Ben -
Do you know how common it is for the preferred lenders to offer interest rate locks during the pre-sale process? With the steady rise of rates recently, and the potential for more increases through the rest of the year, this would be of particular interest to many pre-sale shoppers – including my wife and I!
And thanks for the great post. As a first-time homebuyer this was the best info I have been able to find on the pre-sales process.

Tom

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