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Real Estate
Reply to "Lost out on dream house to cash offer"
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[quote=Anonymous][quote=Anonymous]Why are cash offers so attractive? Is it really that hard to get financing for most people? [/quote] Pretty much everyone should be making an "all-cash" offer (i.e., no financial contingency) unless they have serious concerns about their ability to get financing (i.e., they're exhausting all their savings and need a crazy mortgage, they have poor credit, etc.). Then just go out and get a mortgage before closing. Sellers seem to love this "all-cash" nonsense, so just play along if your finances are in good shape.[/quote]
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