How to beat out all-cash home buyers in the Southern California real estate

How to beat out all-cash home buyers in the Southern California real estate

Here are tips for borrowers in markets that reward cash. From Market watch Daniel Goldstein (click on link to read more) Summary below:

  • Be patient: Some all-cash buyers and their offers can appear and disappear, especially if the buyer is overseas. Your financing-contingent offer still might have a shot, especially if you’re willing to put down a large down payment.
  • Flexibility is an advantage: Sometimes a line of credit on another investment property, or a home-equity line of credit, can help make your offer look even better. It may not be all-cash, but more-cash is better than less-cash.
  • Know the market: Work with your real-estate agent and loan officer to find sellers that are open to accepting bids with financing.

Would you like to buy your first house or another house in Southern CA. Contact Melody Pike she will give you ideas to help you in today’s market.

 

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How to beat out all-cash home buyers in the Southern California real estate

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