Re: offer to buy house

[http://dummy.us.eu.org/robert (robert)]

Oh, yes, one more thing:

http://biz.yahoo.com/prnews/030730/law091_1.html

Mortgage rates have had their biggest single week increase since Nov '01.

Also, another thing to think about: if the less rich guy cannot afford
more than 3% down, then he undoubtedly cannot afford lead, radon, or
asbestos tests.  Which means that it's less likely that the final price
will be negotiated down.  ('Though, of course, there is the lending
company.  If its appraisal is substantially lower than my asking price,
then the final price could go down.  But, logically speaking, it would be
against the lending company's best interest to lower the price since that
would mean lower interest payments and therefore lower profit.)