Q: I'm trying to buy a house and have made offers on foreclosures and on regular homes. I've had about eight different offers rejected. Almost every time, the sellers said they took an all-cash offer. But after they closed, a bunch of them actually sold for less than my offer! I don't understand this -- after closing, isn't the money the seller gets from my bank's mortgage just as good as the cash they get from a cash buyer's money? If so, why wouldn't they want more (meaning, my offer)? A: Money is money, so you're correct -- more is better. But that's an overly simplistic view of something that has gotten much more complicated than ever recently: a seller's decision as to which offer to take. There are some very significant differences between "your money" (i.e., a mortgage-financed offer) and a cash offer. Sellers would LOVE to take your money. But that assumes that they would, in fact, actually get your money. And that's not an assumption many sellers are wil...
by Bernice Ross | 2 days
by Tyler Davis Jones | 2 days
by Ingrid Burke | on Feb 20, 2017
by Marian McPherson | on Feb 22, 2017
by Gill South | 1 day