The Catch-22 Of Today's Fast-Paced Real Estate Market
What does a buyer do in today's market if they want to buy a bigger or just different home in their area, but have to sell their existing home first, and get a mortgage for part of the purchase price as well?
It has been a frustrating experience for some buyers to find a home they want, then put in an offer for over the asking price, and get pushed out because one or more of the other offers were cash offers. There is no denying that sellers like cash offers (wouldn't you if you were the seller?)
This market requires an experienced team of experts, and all of the resources they may bring to help a buyer in this situation.
Our team has access to programs, one in particular, that allows current homeowners to make cash, quick close offers on their new "dream" home, prior to them selling their existing home, or securing their permanent financing.
Needless to say, there is a fee for this service that is offered by a very reputable company, but often it can be mitigated by allowing the buyer to get their "dream" home for less than the top bid, because it is a cash offer with a quick close.
Check with Team Black Bear if you are wondering how to proceed in today's fast paced real estate market.