Seeing a potentially good deal for a house and not sure what to do
[please don't delete this mods, I really do need advice, it's not a marketing ploy I just posted twice by accident the last time. I am already under contract for the home but have some time before it's final just want some help]
I'm coming to San Marcos for work and am looking to buy a house and just wondering if there's some weird catch here that I'm not getting... The house is right by the malls and is listed for 375k
They are:
- Giving 75k of incentives for me to use towards either the price of the house, the closing costs, appliances, rate by down, or a mix of all of them.
- I don't need to use their lender at all and I can still get the incentives.
- After I use the incentives for rate buy down, closing costs etc.. I am getting the house at a price of 320k.
- The houses in the area were sold anywhere in the range of 350-360. Though I am not sure if that listing price is with or without incentives.
Not sure if this is too good to be true, or I am missing something about the area. Would really appreciate any help!
Here is the link: https://www.zillow.com/homedetails/432-Wilshire-Rd-San-Marcos-TX-78666/2063051480_zpid/