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How do I compete with cash offers?

How do I compete with cash offers? I can put 20% down on a house, but I need financing for the rest. I have a strong credit history and in a normal market I would be a strong buyer. But I'm struggling in this market to get an offer accepted.
Asked By Lucas | Morgan Hill, CA | 42 views | Buying | 1 month ago
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David Gubler

IML Real Estate

(104)

Make sure you have full loan approval (other than the appraisal) and then waive your loan contingency. In really competitive markets (and if you are high down payment) you will likely need to waive appraisal contingency too (if seeking to compete with comparable cash offers). Some buyers have even been removing their inspection/investigations contingency though I do NOT advise this.
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Alita Turner

Realty ONE Group Complete

(5)

Hi, I have a lender that will market you as a cash buyer. They will buy home then transfer to you. Also, sometimes the terms make a difference. Like the more you put down, what fees are you willing to pay, and days to close.

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