Chula Vista Short Sales: Sellers Get Cash Offers For Their Homes

FOR IMMEDIATE RELEASE
Chula Vista, California, United States of America (Free-Press-Release.com) January 18, 2012 -- Chula Vista Short Sales: The Mike Watson Group at Keller Williams Realty in Chula Vista CA has partnered with a group of investors that can now make your short sale smoother and faster by offering the bank cash for your home.

Mike Watson: “This is exactly what short sale sellers are looking for, a smooth escrow, no buyers walking away at the last minute and you the seller being able to move on with your lives quickly.”


Faster Closing.

A Cash Investor does not need 30 or 45 days to close if the buyer is not obtaining a loan. Once the home inspection and other contingencies have been satisfied or released, closing can take place in as little as seven days.
A faster closing puts money into the bank sooner. There are also fewer things that can go wrong in a short escrow period with a cash buyer.

Benifits of a Cash Offer
Depending on the temperature of the marketplace, paying cash has its benefits from a banks point of view. Now, some experts might argue that it’s always cash in the end, and it is. But getting to the “end” prevents some buyers who are using financing from getting there.

Banks will often accept an all-cash purchase offer over a higher priced offer with conventional or FHA loan financing. That’s because they know the cash offer is more likely to close. It involves fewer stumbling blocks. And sometimes a bird in the hand is worth two in the bush, so to speak.

No Appraisal Contingency.
If a home does not appraise for the purchase price and the buyer is obtaining a loan that requires a 20% down payment or less, the lender will not lend unless the buyer coughs up more cash or the seller discounts the price. There are other options for dealing with a low appraisal, but they can also spell contract cancellation.

No Loan Funding Contingency.

Even though a buyer may be fully qualified to buy a home at inception, a hundred things can come up during the loan process. Apart from the home itself not qualifying, to conditions for loan approval that a buyer cannot meet, to loans that were once available drying up during escrow.

Thanks for reading this, Mike Watson.

Mike is a Real Estate Agent at Keller Williams Realty. Chula Vista Short Sales Realtor:

Phone: (619) 743-8884. mikekwcv@gmail.com.

View My homes for sale at www.sellingchulavistahomes.com.

Mike Watson specializes in short sales in Chula Vista California. Chula Vista Loan Modification Help, Chula Vista Short Sales. Chula Vista Short Sale Realtor. Chula Vista CA Short Sales. Chula Vista Realtor.

More information can be found online at http://chulavista-shortsales.org/

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