Why does that matter to the seller? They get that amount in cash anyways. I guess the risk if the mortgage falls through? But then they keep the earnest money.
Yeah, there’s no risk of the mortgage falling through, and not as much dealing with banks. I don’t really know the specifics but it was something I had to be aware of when buying my house. Luckily I was buying while it was a buyers market a few years ago, so prices were lower, fewer people were looking, and there weren’t any competing all-cash offers.
If you have the money it’s actually quite easy because there are lots of people happy to sell you a house on commission.
If you’re poor then go fuck yourself I guess?
Seems to be a common theme
It’s hard in nice/desirable areas because the rich people make all-cash offers, and sellers prefer that over people that will get a mortgage.
Why does that matter to the seller? They get that amount in cash anyways. I guess the risk if the mortgage falls through? But then they keep the earnest money.
Yeah, there’s no risk of the mortgage falling through, and not as much dealing with banks. I don’t really know the specifics but it was something I had to be aware of when buying my house. Luckily I was buying while it was a buyers market a few years ago, so prices were lower, fewer people were looking, and there weren’t any competing all-cash offers.
We found it pretty easy… I guess I do live in one of the cheapest towns in the region though.