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says she had several offers rejected in favor of cash buyers, even though her offers backed by an FHA loan were higher. She eventually had an offer accepted after switching to conventional financing at a sellers request. She 24 7 cash loan near me documentation to prove she had funds to close, and because she wanted the seller to contribute 3 toward closing, she offered the asking price plus 3.
While she had to bring more money to the table - 5 down instead of 3. 5 - she finally got a home. Give the seller what they want. When youre submitting a purchase offer, there are many points of negotiation. If youre trying to compete with cash buyers, a smart strategy is to give the seller what they want on every other point since you cant offer all cash.
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