Yep, very perceptive. They received an all cash offer. I don't know the amounts yet, but they are up to 7 offers total. My advice to them was to consider the cash one first, provided it's not some foreign entity or a company, then buyers who already have funding secured and a known rate locked in. Don't bet on pre-approved buyers who, for whatever reason, haven't locked in a known rate.
Often up here sellers will request financial docs with the offers. Pre-approvals don't mean much these days. It's more like show me how much you have in cash and how you are funding the down payment.
if they can get the all cash, make sure that the house is "as is" no inspections, no nothing. usually all cash offers will gladly suck this up as well, which could also end up saving you more money not dealing w/ inspections
under 30yr olds that want a house have to accept that it'll be 2bed/1bath and 1200sq/ft starter home from 1960
1200 sq foot? Jesus I wish I'd grown up in a palace like that.
yea theyre not gonna be any new builds, i'm sure the guys here who are having homes built will say that builders will only do 3bedroom at a min
Why a month close if it's an as-is all-cash deal? Close fucking tomorrow.
I'd still close tomorrow and just put the change of possession date in an addendum. Don't let the deal sit on the vine for a month while interest rates go up 2 more points and when your buyer drops out your other buyers can't get financing now or don't like the rates.
