This is hard to answer because every seller is different...some are looking for the top price, others are looking for the strongest cash position, still others care more about particular time frames and conditions.
Bidding wars are unfortunately here again and all too often, the first time buyers with FHA and VA loans are getting shut out.
We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (855) 415-5626.
Sr. Loan Officer
Crosscountry Mortgage Inc.
Toll Free: (855) 415-5626 ext. 5734
That is not always cash.
It's not always the hightest price.
Some will alllow months to pass to accomidate the offer that embraces what they, the seller, values most.
With such limited information as suggested by the question, one must make assumptions and respond based on these assumptions. Reality is so much differant.
You win the bidding war by not engaging in it, and making the CORRECT value offer.
The details are worth paying for.
You want termite inspection and treatment and the bank or seller paying for it - comes from sellers bottom line, but also a delay in closing period. Want septic system or well inspected - time is money to the seller/bank.
If both a cash and financed offer are exactly same terms - cash will many times speak a little louder, but I am noticing banks are wanting higher earnest money and per diem from cash buyers.
The cleaner the deal - in any home transaction - the better.
First of all I encourage my clients to make their best and final offer from the start. If their best is not godd enough , I urge them to be prepared to move on.
Some thins can be done to make an offer stand out in the crowd are:
1. Shorten alll contengency periods
2. Have your agent write a letter on buyer's behalf, one that will personalize the buyer to the seller.
3. Give your lender permission to convey/release information regarding the status of your loan approval process to the listing agent. This permission should be in writting. Make sure and submitt copy of the written permission with your offer.
4. Use conventional financing, if the buyer can. Some sellers will give more weight to an offer with conventional financing vs. FHA financing.
5. Buyer should have a down payment, sellers will favor an offer with a buyer with a down payment.
Kawain Payne, Realtor
99% of the time it comes down to price, but there are occations where the above works.
Good question, if we knew we could always get our offers accepted everytime we could bottle it and sell it for a fortune:)