Usually about once or twice a year I get someone who want to do an all cash offer.If you are one of the few people who can do an all cash deal, congratulations!!!
Because you are offering all cash, sometimes you can get them to come down a little bit more.
The offer goes like this. On a $300,000 home, I will give you $270,000, and let's close in 5 days.
The seller might just sign it depending on how many days he has been trying to sell it and his personal financial situation.
This is a lot lower than what they are asking so prepare for a counter, but the fact that you don't have a loan, and can close in 5 days makes you much more legit than someone who has to get a loan especially in today's banking market.
The other good thing if you did make an offer on a home in this price range is the buyers are few and far between so you can be pickier.
I love all cash deals, and cash really is king. You have more freedom than every one else so you might as well be rewarded.
Thanks Burke Bennett
http://www.seidahohomes.com
208 589 5599
burkebennett@hotmail.com
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