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A cash offer eliminates the need for an appraisal and bank approval for a loan, contingencies most homebuyers are required to include in an offer. Remember, this new, higher amount will increase your mortgage payments for the term of the loan. 5) Eliminate contingencies. MORE
It doesn’t happen often but there can be issues that the seller’s lender will make the loan contingent upon. The seller can’t be forced to make the repair but chances are they won’t be able to sell contingent on a loan until the repair is made. MORE
Loan contingency Related Topics Redfin
SEPTEMBER 2, 2020
A cash offer eliminates the need for an appraisal and bank approval for a loan, contingencies most homebuyers are required to include in an offer. Remember, this new, higher amount will increase your mortgage payments for the term of the loan. 5) Eliminate contingencies.
Realty Biz
JANUARY 7, 2021
It doesn’t happen often but there can be issues that the seller’s lender will make the loan contingent upon. The seller can’t be forced to make the repair but chances are they won’t be able to sell contingent on a loan until the repair is made.
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