Home Buying in Grand Prairie>Question Details

Mel, Other/Just Looking in Garland, TX

•MLS/Source ID: 11819672 DO YOU HAVE TO PAY CASH FOR THE HOME

Asked by Mel, Garland, TX Fri Feb 15, 2013

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This question was asked from this property: http://www.trulia.com/property/1077385431-4670-Devonshire-Dr…

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2
This one is on contract already and in the option period. Can help you find something if you need.
All the best.
0 votes Thank Flag Link Fri Feb 15, 2013
If the Seller is a private individual, they (probably) can require a CASH offer.
Institutional Sellers, (banks and service companies) probably wouldn't try to require that; there would be too much jeopardy.
We have seen Banks favor CASH for Investors, but not overtly.

If a CASH buyer offered $200,000, and a Financed Buyer offered $220,000; which one do you think the Bank would accept.
When all the dust settles; everyone will have their money.

The LISTING does not specify CASH.
That looks like a lot of home for $129!
What does your Realtor say?
0 votes Thank Flag Link Fri Feb 15, 2013
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