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Additional Posts in The Work-Life Bowl
Interesting chart, thoughts?

Anyone taking off for Passover?
Additional Posts (overall)
Please like, I need to access DMs
FRM average salary through uhaul
Who are we betting on?

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Pro
Put yourself in the owner’s position. At 18% above, chances are the appraisal won’t come through on the mortgage. As such, cash is king.
SM1 totally, well said.
My father always said once in a lifetime opportunities come around about once a month. Might feel like the end of the world but this is going to work out for you
It happens....when I was looking for a home, I found the one...a guy from CA, without even stepping in it, bought it. All cash.
This is happening in TX all the time...folks from CA, NJ and NY paying in cash
Don’t know if I could pay 18% above asking on a home in the price range we are in. That’s an additional quarter mil
#wifegetswhatshewants
Chief
I don’t really even know what “cash” means since you still have the same process- I guess it just means no mortgage contingency? Beyond that how do they know where the check comes from?
I live in a market where you waive every contingency to get a house. We still have a mortgage, we just made sure it was set and had enough cash to cover putting more down if the valuation came low.
Rising Star
A1 is right. It is very different. With a mortgage there is an appraisal, and if it comes in below the negotiated price the buyer has to figure it out. As a seller I don't want that risk.
I just beat someone out bidding under a mortgage bidder on a house we close on Friday. No appraisal, no risk of it coming back on the market, gave them the option of closing as soon as 5 days or as long as 60. We also put a deposit down of 5% of earnest money, compared to only $10K for the other buyer. Did a side deal offer for their furniture as well. Also cash.
Conversation Starter
You are just lucky to miss this deal.
Conversation Starter
I’m in CA and people do this all the time. On our potential dream home, our offer was the highest tied with another couple that ended up offering full cash and got the home.
This wasn’t the house for you, another will come along.
Sorry. Was this post meant to be an email to a loved one?
As a seller I would take the chance to get an extra 18%... I don’t get it.
Chief
I’m sure cash buyer matched or best offer but OP didn’t win because of the cash part.
Crazy that someone would pay cash for a house when interest rates are well below 3%
Rising Star
Easy to pay cash then finance. Margin loans are at 0.6%, then a mortgage after the close for half at 2.5% without having to deal with the appraisal crap. I'll have a blended rate of fixed and variable of about 1.3%, 100% financed, cash purchase for ease, and total control of the process.
I don't know how long rates will stay this low, but until the 1 year T-Bill gets above 2.5%, cheaper to use a margin loan.
I like 50% fixed, 50% floating because I'm not smart enough to know rates out 5 years. I thought 3 years ago rates were going to rise.
Using a margin loan also allows 100% financing with no mortgage insurance costs.