Lakeland FL Short Sale - Is Cash Really King?
I don't know why I have not wrote a post about is cash really king when it comes to buying a Lakeland FL Short Sale. Today, I received another email about this same 
question and here is the question this consumer was inquiring about: "Would a total cash offer help a home purchase progress quicker?"
question and here is the question this consumer was inquiring about: "Would a total cash offer help a home purchase progress quicker?" As a Lakeland FL Short Sale agent, having represented buyers and sellers, this question comes up quite often and while buyers would think Cash is King, it is not always the case as I explained it in my email to this potential Lakeland FL Short Sale buyer:
Thank you for your email and question. While cash is king, the offer is still being negotiated with buyer and seller. Once both parties (buyer and seller) agree to the terms and condition of the offer, the offer becomes a contract for sale and purchase and submitted with all the seller's pertinent documents.
Although a contract with no financing contingency may get the seller's lender attention and speed up the process after the lender has approved the short sale, the lender's primary goal is to limit their losses. The lender is only interested in their net, regardless of financing or paying with cash, therefore cash makes no difference to the short sale lender.
Also, please keep in mind that each short sale is different depending on who is the lender and the condition of the property. One of my cash buyers who bought a short sale recently signed the contract in December 09 and closed in May 2010.
Cash is King may make a difference in a traditional sale when the seller is highly motivated and a discount may be given for a buyer who is low risk and wants to close fast.
There are some points I would discuss with my cash paying Lakeland FL Short 
Sale buyer:
Sale buyer:- Make an offer that is fair and supported by comparable recent sales.
- If the lender has a history of taking more than six months to close, be prepared to wait or don't make an offer.
- Arrange for a homeowner's inspection within a few days after the contract has been accepted, so you don't waste time waiting for the approval - it may even give your Lakeland FL Short Sale buyer's agent additional negotiation power.
- Remember, no short sale is a guarantee, even when paying in cash - it all depends on the seller's financial situation.
Do you think, cash is really king when it comes to buying a Lakeland FL Short sale? If you are looking for a Lakeland FL short sale agent that is representing you, the buyer - be sure to check out my recent article titled: Buying a Lakeland FL Short Sale? Consider Hiring a Short Sale Buyer's Agent.
For more articles about short sales, please click on Lakeland FL Short Sales
I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris - REALTOR(R) at 863-619-6918. If you’re new to Lakeland, I’d especially like to extend a warm welcome. I value my clients and provide them with honest, reliable service. Allow me to introduce you to the Lakeland FL real estate landscape and all it has to offer.
Copyright © 2011 By Petra Norris *Lakeland FL Short Sales - Is Cash Really King*
Authored by Petra Norris
Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
