Cash has been called King when it comes to offers on properties listed for sale in NW Indiana.
Advantages of Cash Offers in Real Estate Transactions Include:
There is NO LENDER needed, which means no underwriting conditions to meet, no loan approval needed, no appraisal required, no waiting or delays in closing due to processing of a LOAN.
Most importantly with a CASH Offer there will be No denial of a loan to the buyer by the bank or lender!
This year alone we have had 2 different lenders/banks deny loans late into the transaction. This was AFTER we initially countered the buyers offers to request the buyer go beyond pre-approval and provide the seller with proof of DU (Direct Underwriting) or AUS (Automated Underwrting System) by a Letter from the lender stating such. Even thought the Bank/Lender issued these letters, those same banks/lenders still eventually denied the buyers the loans ?? :(
When a Northwest Indiana property receives multiple offers, these advantages of a cash offer verses financing is presented to the seller.
This year, in multiple offer situations, more than once the very competitive buyers have also waived a Home Inspection!
It can take just one to two weeks for a cash offer to close escrow verses one to two months for offers with financing involved!
Recently, we listed a proeprty for sale in which the seller was motivated to move quickly and in this multiple offer situation he accepted the best cash offer and closed in a few weeks!
With approximately $3.4 billion in annual sales, F.C. Tucker Company is Indiana’s largest independently owned comprehensive real estate firm with more than 40 offices and more than 1,500 sales associates throughout Indiana and select markets in Kentucky. Less than one percent of all real estate firms have the longevity of F.C. Tucker. Founded in 1918, the company’s family of businesses includes a full range of real estate services—mortgages, title insurance, relocation services, a full line of insurance products, auctioning and homeowner warranty products. F.C. Tucker has earned a reputation for its exceptional service, experienced sales associates and “Golden Rule” commitment to its clients and employees. Tucker has earned a reputation for its exceptional service, experienced sales associates and “Golden Rule” commitment to its clients and employees.
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13 Lincolnway Suite # 203
Valparaiso, IN 46383
Office # 219-309-9930
serving Lake, Porter, La Porte, Jasper, Newton & Starke Counties in NW Indiana
Independently Owned & Operated