Are Cash Offers Considered More Favorably Than Financed?
Cash offers are normally looked upon more favorably than financed offers. Therefore, the seller normally frowns upon trying to change to financing.
Cash offers are normally looked upon more favorably than financed offers. Therefore, the seller normally frowns upon trying to change to financing.
Due to liability risks, the purchaser is not to take possession until the seller has been funded. No repairs are to be performed by the purchaser prior to this.
When a property is being sold as-is, no repairs will be made by the seller. The seller realizes work is needed and should have priced the property accordingly.
If the seller receives multiple offers on a property, buyers may be requested to submit their highest, best and final offer by an agreed upon date and time.
A common source of confusion on bank owned homes is what constitutes an actual contracted agreement. No offer is accepted until the seller signs the addendum.
With the exception of HUD owned homes, the bank/corporate seller chooses the title company. WILMOTH Group has no say in the matter either.
Links to forms for Realtors, HUD Home Offers, Fannie Mae Buyers, and Buyers Not Represented By a Realtor.
Please understand that a property being sold as-is means the seller will not be making repairs.
It is strongly recommended that your offer be submitted with a proof of funds or a preapproval letter.
No, unfortunately HUD will not make the stated appraisal available to Buyers or their agents.