If the property is in poor condition - cash is the king - because the buyers would have time financing their purchase. If there is plenty of buyers in the area, and the house is in ok condition, it makes sense for the seller to wait for a pre-approved buyer to get a mortgage - and get paid in retail price.
Usually, it is a proof of funds that you'd need to show when making an offer.
However, you normally are not obligated to provide the proof of funds prior to your preview of the property. It is more of a good business practice for the agent to check if money is there - so that no one is wasting their time.
Hope this helps!
Beachfront Realty, Inc.
3333 Alabama, Suite 125
Houston, Tx 77098
License No. 0573768 Atlantic & Pacific Real Estate (US), LLC
As you can see from all the replies you have received already, most everything is negotiable. Cash is certainly a lucrative incentive for the seller, however, it all depends on how appealing the cash value is.
If you work with a realtor, you will not have to hassle with the task of having to call every property to get an appointment, or have to wonder about the documents that need to be signed to write an offer that can eventually become a contract. A realtor representing you as a buyer will be very effective in guiding you through the entire transaction and answer all your questions. Certain aspects of the transaction can get overwhelming if you are new to this, and having someone on your side, will make the process smoother for you. As indicated by my peers, it does not cost you to have someone represent you as a buyer.
Have you already found a property you like? Let me know if you would like to find out more details on it.
You need to work with a Realtor that will represent you and your family. In the Houston market, the sellers typically (not always, but typically) pays the buyer's representative their commissions when making a sale. So you can hire a Realtor to show you this and other properties and not worry about paying their fees.
Sometimes there are discounts, but we would need to research what is going on with the home. How long has it been on the market, is it priced well, etc? You don't need to have anything except for proof of funds (like a bank statement).
Let us know where the home is and we can review it for you. Thanks!
Bernstein Realty, Inc.
The seller pays all commissions and you need someone in your corner for negotiations.
Other than that you would need proof of funds statement to go with your offer.
No need to have them in hand to see a property.
Check out my and my colleagues websites to find the Buyer's Agent most suited to you.
Understand that this is a sellers' market, and your offer isn't likely to be the only one, unless the home is in rough shape, located in a less desirable area, or drastically overpriced. Yes, cash offers have a bit more clout, but "lowball" ones are generally rejected.
Get in touch and I'll send you some helpful information.
My advice is to select a realtor to assist you with your home purchase. Representation costs you nothing but can save you thousands.
You will not need to present any documentation to just view a home!
Let me know if you need any other help..
Which property are you asking about. Cash buyers definitely look more attractive than financed buyers. I would love to show you the property, just let me know the address. All you would need to send me is proof of funds from your financial institution. I hope to hear from you soon!
Total Real Estate Services