•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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Warren Barre…, Agent, Dallas, TX
Fri Feb 15, 2013
This one is on contract already and in the option period. Can help you find something if you need.
All the best.
0 votes
Ron Thomas, Agent, Fresno, CA
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?
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