I hope this helps.Let me know if there are any other questions I can help you with.
Owner of Broadcast Realyt, LLC
Phone 505-822-8864 Tol Free 800-888-3581 email: email@example.com.
Many sellers in the present market would likely elect to wait out the loan process and gamble buyer approval for the extra money involved.
Should you be able to get a better deal with a cash offer. Of course....but it isn't a slam dunk by any stretch of the imagination.
What city do you want to buy a home in?
If it is Albuquerque I can answer ALL of your questions.
To give you maximum service at no obligation can
you call me at 800-888-3581 or write me at firstname.lastname@example.org?
Max Sklower Owner of Broadcast Realty in Albuquerque
Than You and Good Luck. Hope to hear from you! Max
If you're not prepared to close quickly if the buyer wants to, then you've already lost one of the only two advantages you have. Work with an experienced buyer broker and they can advise you on how to best structure your offer.
See the link below to find a great buyer broker regardless of where you're buying and after reading it; a good place to start is the Find an Agent link in the green bar at the top of every Trulia page.
Good Luck and Happy House Hunting.
Cash buyers can save money on closing costs, bank appraisals, mortgage applications and fees, title insurance, and more. There is no risk of loan denial with cash purchases. Cash buyers donâ€™t have to pay interest on any loans, so they end up paying much less for their homes in the long run. Cash buyers have a better sense of security about their home. Paying in full and upfront eliminates the chance of losing your home if you canâ€™t afford to repay mortgage loans. Losing a job, becoming injured, or facing other hardships doesnâ€™t affect the cash buyerâ€™s sense of security-no matter what the circumstances, there is never the risk of losing the home to foreclosure. Cash buyers gain full, immediate, excellent equity in their home. In the case of any type of financial emergency, homeowners can draw on that equity for quick cash.
If you would like to speak to me about the buying process, please feel free to contact me via 505-252-2715, email@example.com, or firstname.lastname@example.org. I look forward to hearing from you.
Pargin Realty ERA
Offering a fair offer based on a Comparative Market Analysis while using cash is most definitely a benefit in a multiple offer situation. Call me if you need someone to work on your behalf.
Consider yourself as the seller.....with multiple offers on your property. One is a $20,000 higher financed offer, while the other is one in cash. The only real benefit of offering cash is that the seller doesn't have to worry about the lender approving the buyer's loan. I for one would have to consider the benefit(s) of giving up $20,000.....
Hope this is helpful,
I work with buyer's a lot and from my perspective I think the most important thing you can do is establish a good working relationship with your buyer broker. You want to be set up on a client portal so you're getting the properties you're interested in on the first day or two that they're on the market. You want to go out a couple of times with your agent so that you and she or he are on the same page and their understanding exactly what you're looking for. And you want someone with the critical eye who's going to be helping you to assess each property for its benefits and challenges, who's going to be honest about home inspections and repairs, and he's going to work hard to keep the transaction on track for closing on time for you getting the best property possible at your price range. If you'd like to establish a relationship like that with a designated buyer broker I'm here for you. You can call me at 5:05 4406 293. Please leave a message if I cannot pick up and I'd like to call you back and discuss your situation. Regardless of who you choose, I hope you get a great deal and what's most important, the right property for your needs!
Eh...cash wasn't what it used to be. There was a time when my cash buyers would win in multiple offer situations, even when their offer was lower than the financed offers. Today, not so much.
The primary benefits to the seller is time and costs. Since a cash buyer doesn't have to jump through all of the financing hoops, they can and are often expected to close quickly. Then, the savings it can provide the seller for the costs that would normally be requested by the buyer.
Now, if a cash buyer still needed 30 days to close, then their value would be virtually identical to a financed buyer who requested no lender closing costs assistance.
If you're interested in paying with cash, have your liquid funds ready. Be sure to have a verification of funds letter/statement available upon request.
Syan Real Estate
Call/Text: (505) 730-8181
FREE Listing Alerts: http://www.syan.com/alerts
To get the discount you want, you need to highlight the benefit your cash offer presents such as:
* Close in four days
* Waive appraisal or no appriasal
* Inspect before making offer means no inspection contingency
* No insurance inspection
* Seller can get on with their life
These have real value.
Some cash buyers fail to leverage such advantages and pile on the contingencies not realizing, their offer has been reduced to the same level as a finaced offer.
To hit a home run, the conversation you had with the seller or listing agent may have revealed a few motivation elements that you should capitalize on.
When you saw the house, and you observed all the other cars full of buyers waiting for you to leave, this shouild give you a heads up and warn you not to go crazy. Remember, at the closing table, it's all cash, the speed in which you can get to the table is the VALUE of a cash offer.