“Competing with cash buyers“
In real estate, cash is king. Nearly one-third of homes purchased in 2022 were paid for in cash. Many sellers will choose a cash offer over a financed one, even when the financed offer is higher, because all-cash transactions close faster, are less likely to fall through and are less likely to require seller concessions. How can a financed buyer compete with a cash offer? An offer above asking price is always a good start. A higher earnest money deposit highlights your willingness to buy. A higher down payment shows that you’re not strapped for cash. Include an appraisal gap guarantee, which means the buyer will pay the value difference in cash if an appraisal comes in under value.
We feel a strong responsibility to help you understand the many financial details associated with buying a home, including the various mortgages and programs that may be available to you. And although we are not financial advisors, we consider it an important part of our services to give you as much information as possible about this major issue of buying a new home. Contact us today if you need help with your real estate plans. We welcome buyers, sellers, and investors.
“OUR SUCCESS HAS BEEN BUILT ONE SATISFIED CUSTOMER AT A TIME.”
