Wednesday, March 10, 2010
Making an Offer - Cash is King
One of my buyers recently lost out on a bidding war even though they were the highest bidder and were very qualified.
They could actually afford properties $100,000 more expensive as was stated on their pre-approval letter.
Why did this happen?
The other offer was a full cash offer.
No mortgages to worry about, no appraisals, no mortgage contingencies for the seller to worry about.
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Search MLS listings for free at: www.hobokenjerseycity.com
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