Home Buying in Mansion Area>Question Details

kev0426, Home Buyer in Albany, NY

What would owners take for "cash in hand"?

Asked by kev0426, Albany, NY Wed May 8, 2013

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This question was asked from this property: http://www.trulia.com/property/3115982339-140-Grand-St-Alban…

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9
Cristyle Wood Egitto’s answer
To find out, submit an offer. Terms: Cash.

If you want assistance, contact a local Realtor. If not, contact the listing agent directly with your offer. Just remember, they work for the Seller - not you!

Listing Agent:
Jerome Newkirk
(518) 438-2221

Revision Real Estate
35 Broad st, Waterford, NY, 12188
0 votes Thank Flag Link Wed May 8, 2013
The only way to find out is to make an offer and work it through.
Call me at 518-253-3664 and let's see if we can make it yours. BILL
0 votes Thank Flag Link Mon Oct 7, 2013
This listing is still active and the sellers are looking for a quick sale!
If you are interested... We could get this process rolling and get you into this property quickly.
Give me a call at 518-649-2507 and lets get you in!
0 votes Thank Flag Link Mon May 27, 2013
Cash is King so you may have some bargaining power if you come in with an all cash offer. It depends on how long the property is on the market & how soon they want to close & how many other offers there are out there.
0 votes Thank Flag Link Mon May 20, 2013
Kevin...
Like others have mentioned, after all things are considered in a contract, the one with the fewest contingencies usually looks the most appealing. Financing is a major contingency and if your able to pay all cash or have a large down payment, you definitely put yourself ahead of the competition. That being said, this does not mean you will get a steal of a deal, maybe better, but a seller will wait for financing through a lender if it means more money. If you have any other questions, want an idea of a property's value, or want to pursue putting an offer together feel free to contact me.

Take Care,
Jason Bustelos; LREB
NY Realtor Group, LLC
518-330-2230

jbustelos@nyrealtorgrp.com
http://www.nyrealtorgrp.com
0 votes Thank Flag Link Thu May 9, 2013
Hello kev0426
Cash in hand is always a good position to bargain from when it comes to making a real estate purchase or any purchase for that matter. Most contracts to purchase a house include a mortgage clause making it contingent on the ability of the buyer to get a mortgage. Bank mortgage terms include satisfactory borrower credit, employment and enough cash for closing costs plus a bank mortgage is also conditioned on a satisfactory appraisal report stating that the property is worth the money. Sellers will get all cash from a real estate transaction when their buyer successfully procures a mortgage. However, with all of the conditions and terms of a bank mortgage, it is not uncommon to have problems with in the mortgage process some of which can be resolved quickly, others can be painstakingly long and other might simply cause the mortgage to be rejected and then the deal falls apart. So "cash in hand" eliminates that very significant step and sometimes deadly step of the buying and selling process. As they say ..Cash is King ..when it comes to buying real estate. The buyer with cash in hand will have very very strong hand to negotiate with and huge advantage over any buyer with a mortgage contingency. I am available to represent your interest in a purchase and can be reached at 518-858-4447.
Best of luck,
Andy
0 votes Thank Flag Link Wed May 8, 2013
$179,900 comes out to $62.46 per square foot!
That sounds pretty good.
0 votes Thank Flag Link Wed May 8, 2013
Hi Kevin,
It's never possible to know exactly what a seller will accept until you put the offer in writing. Feel free to give me a call at 518-321-8355 to discuss strategy.
0 votes Thank Flag Link Wed May 8, 2013
I'd be happy to assist you in submission of an offer. As mentioned on this thread, a buyers agent would represent your best interests and is paid by the seller. Cash offers are definitely appetizing to a seller, however, that is one of the many portions that make up the offer.
0 votes Thank Flag Link Wed May 8, 2013
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