So Says The Sacramento Business Journal
Personally… I don’t see an advantage anymore in doing a cash deal unless the property is in dis-repair and unable to be financed under normal circumstances. This was the situation in a couple of “bank owned” duplexes buyer purchased through us recently.
Also… having extra cash might help close a deal if an appraisal in conjunction with financing comes in low because the buyer can make up the difference if the value is there. This is a problem now because values are rising faster then the supporting appraisals.
Make it a Great Day…!
Ed Favinger, Broker, CRS, GRI, SFR, CDPE 916-203-1260 firstname.lastname@example.org