Replies to This Discussion

Permalink Reply by Karyl Moore on April 25, 2010 at 12:35pm

That is excellent. The only thing that would top it is an all cash offer. I've often seen all-cash offfers beat out a higher offer which involved getting a loan.

Permalink Reply by Joseph D. C. on April 25, 2010 at 12:42pm

Our offer included an inspection and 30K over the asking price. I have a strong feeling tha we lost, if its meant to be it will happen. If not back to the drawing board.

Permalink Reply by Ben Benita on April 25, 2010 at 12:42pm

Karyl is right on, all cash is the only thing better.

However, REO properties are VARY case by csae, depending on whot he bank/investor is that owns the property, the property condition, and, where the price started.....too much to go into on here, but, if it were me, I would put in several offers on REO properties, or, hook up with a local investor (one of teh "We Buy Houss" people) and tell him/her what you are looking for.

Youc an contact me off line for more [email protected]

I know investors all across the country and several web sites where you can find good deals on homes.

Permalink Reply by TOP END Properties on April 2, 2013 at 3:58pm

The bank cares a out their final NET, not the financing type .. UNLESS they expect the property to require lender required repairs (not financable), or will fail inspections.

Everything equal .. a No Contingency (Cash, No Inspections) offer is superior to a financed offer with a home inspection.