Quick Tips To Beat Out Cash Buyers
searching for the perfect home for quite a while, and finally, you’ve found it!
You get all of your finances in order and place an offer on the house. However,
you’re not the only one that loves the home, because there are multiple offers
— and one of them is cash.
Cash buyers are
seen as desirable because they’re almost always a guaranteed quick close. They don’t
have to borrow money from a bank therefore won’t have any financing hang-ups,
which is where a large portion of offers fall through. Don’t worry; not all
hope is lost. Follow the steps below to beef up your offer and get your foot in
Fees Waive the seller concessions, such as closing costs and the home warranty, and pay your real estate broker’s fees. These extra costs add up in the mind of the seller and will show that you really want the property. Going up against cash buyers can be extremely discouraging. But, just because they’re dealing in cash doesn’t mean they’ll get the property. Many investors think they can put in a low offer because they’re dealing in cash. So show you’re serious about a property, follow the steps above and put in your best offer. You’ll be a homeowner soon enough! Less Expensive Homes
If you’ve put
offers in on homes at the asking price and are continually beat out by buyers
that are paying more, then you might want to consider looking in a lower price
range. This is an especially smart strategy for those living in fast-selling
markets. By looking at less expensive homes, you can be the one that puts in an
offer over the asking price.
20 Percent Down PaymentSave up a higher
down payment for the price
range of homes you’re considering. If you can come up with 20 percent, then
you’re in a position to wave the appraisal contingency for financing with the
bank. The more you have in cash, the better. Take-It-or-Leave-It Home InspectionThis means that
based on the home inspection, you’ll take
the property with all its issues, or you’ll walk away. What you won’t do is ask
the seller to waste more of their time and money fixing every little problem
that’s found. Call
Lisa Cardillo with JP and Associates REALTORS today to schedule your personal
appointment. Lisa Cardillo specializes
in residential real estate in Wylie, Sachse, Rowlett as well as the
surrounding North Texas communities. Want a faster sale at a higher price? Let my
education, experience and advanced marketing techniques benefit you in the sale
of your home.
Author:Lisa Cardillo Phone: 214-727-3366 Dated: February 26th 2014 Views: 1,495 About Lisa:
Assisting people on the purchase or sale of their home is what I love to do! My name is Lisa Ca...
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