All Cash offer - How buyers can combat and win!!!

In today’s real estate market, there are many homes that are receiving all cash offers. As a buyer you wonder, “how will I ever get this home since I need to get a loan?” Never fear… There are ways to make your offer just as appealing as an all cash offer. Cash is not always king. You just need to know how to do it. Let me explain. First you need to believe that it can happen. If you don’t, then don’t bother writing an offer. Terms of the offer can be made just as appealing to the seller even more so than an all cash offer.

Here are some factors to consider:

- Best Possible Price

- Short Property Condition Contingency (have disclosures read, signed and understood)

- Aggressive Financing Contingency (have a great lender ready to call the listing agent)

- No Appraisal Contingency

- An agent who believes it can be done and knows how to present it correctly

You need to want it more than the next guy. Why does the seller care where the money comes from, if you are well qualified? Usually, they’ve been told the old adage “A bird in the hand is worth two in the bush!” That a very dated way of thinking. It’s all cash at the close of escrow be it financed or otherwise. So think about that next time you’re looking to purchase your dream home. Don’t let the thought of all cash offers keep you from getting what you want. Now go out there and get it!!!