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.

..Interesting

Information provided by:

Kevin Dowd
Realtor
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search MLS listings for free at: www.hobokenjerseycity.com

Has the market stabilized?

Get up-to-the-minute market reports:

www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

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