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Why Buyers & Sellers need to know about the "22AD"!
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What the hell is a "22AD"?! Long story short--it stands for ADDITIONAL DOWN PAYMENT. It is a tool that we are seeing in a high percentage of offers in this current market. When a Buyer is trying to compete, the 22AD sometimes is the difference maker that gets their offer accepted. On the flip side, when a Seller is looking at a stack of offers that are well above list price, they need to choose the offer that has the highest probability of closing. A 22AD attached to an offer can limit the amount of risk the Seller is taking. But there's more!! Grab you pen & paper--class is in session! Let's gooooooooo!!!!
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