Surely the seller receives the full payment from the buyer’s lender either way? I’m confused on why it is sure to get you a much higher chance of getting the house.
In: 9
I bought a house 2 years ago – I was a bit late on the scene. There were 2 prospective buyers upping the ante but neither had had their finance approved. I had the cash, the owner needed to settle quickly (divorce) and I was prepared to waive the “cooling off period”. I saw the place one afternoon and exchanged contracts the next day (at a slightly lower price than the other 2 were offering). That’s what cash can do!
Latest Answers