So many properties are being sold to all cash buyers. How can a conventional Buyer who is getting a loan compete with cash? Here are 4 practical ways:
1. Write an offer that has non-contingent financing. This strategy only works for Buyers who are financially well qualified. Find a local lender who do the extra paperwork to underwrite your loan BEFORE the offer is written.
2. Write a contract that closes in less than 30 days. Again, an experienced lender can do this.
3. Have a very short inspection contingency (2-5 days) or perform all inspections before you make the offer, so that there are no contingencies. This way, the Buyer is satisfied the condition of the property and there are no surprises after the contract is ratified.
4. Of course, then be prepared to offer the highest price. In this market, the highest almost always offer wins.
Call me at 415-738-7232 or email me at [email protected] to craft a winning strategy for you!
