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Surprising Things You Should Know About Cash Homebuyers

Realty Biz

Others don’t want to spend more time and effort preparing their homes, which involves making repairs, upgrades, and staging before sale. Prevalence for Cash Offers Vary While you may not know friends or family members who paid all cash for their homes, you will most likely receive a cash offer if you list your home for sale now.

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Buyers Paying Over Asking Price? Get an Appraisal Gap Guarantee

HomeLight

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. How is the appraised value of the home determined? What is an appraisal gap?

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Shed the Limiting Beliefs that Hold You Back with Buyers!

Lab Coat Agents

See attached chart: Note that the last 2 years have seen the highest number of sales EVER in these 6 counties in the GSMLS – scratching my head and wondering why anyone is saying there are no houses to sell? No appraisal (provide a full appraisal floor with proof of funds). But what if you CAN win?

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Tempted by a Cash Offer for Your Home? Dissect It With This Guide

HomeLight

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. While all-cash offers used to be relatively rare, they now make up 25% of all home sales. A cash offer may come from a homebuyer with liquid funds who wants an edge over the competition.

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Buying Your House With Cold, Hard Cash? Here’s Your Step-by-Step Guide

HomeLight

Once you’ve figured out where the money is coming from, it will be easier to take the next step: getting proof that you have the cash. Obtain proof of funds from the bank. Providing a proof-of-funds letter is more secure than forking over a bank statement, which contains sensitive information. Find your house.

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9 Warning Signs When Selling Your Home

Point2Homes

Real estate transactions often feature contingency clauses that allow both parties to back out of the sale under the circumstances stipulated in the contract. One common type you’ll encounter is a sale and settlement contingency. It’s used by buyers who already have a home they’re looking to sell to finance buying another one.

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The Pros and Cons of Making an All-Cash Offer on A House

HomeLight

You won’t literally be paying in hundred-dollar bills, but with an all-cash offer, you must have the funds to purchase the home available in a liquid account , meaning an account that allows immediate withdrawals and transfers. To be clear, an all-cash offer means you won’t be getting a mortgage loan for any portion of the sale.