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Real Estate
Reply to "Bidding on House with Multiple Offers?"
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[quote=Anonymous]You have to waive everything, have a huge down payment, huge earnest money and documented pre approved financing (if any). If you are lacking any of those, you are out of the running, automatically. Our buyer bought in cash, technically before the house was listed, though we say he was was the first one that looked at the house. He knew he wanted it before it was on sale, seeing the inside sealed the deal in minutes. Obviously, if it was not beautiful inside, he would have moved on, but we still would have had multiple interested buyers. We gave it to him for asking price. We had already purchased our next house, and decided to cut ties and invest that particular money in more lucrative investments. It worked out for everyone involved. The faster you can do things, the more money freed up (from investments, whatever), the better. [/quote]
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