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The Strongest Sacramento Short Sale Buyer: FHA vs. Conventional Buyers
It's true that FHA buyers in Sacramento sometimes get the bum rap, if you know what I mean. Especially when trying to buy Sacramento short sales. That's because many listing agents believe conventional buyers are better for the following reasons:
The credit score requirements -- FICO scores -- are higher than those for FHA Buyers put down more cash Appraisers rarely call for minor repairs However, the fact remains that on a short sale, much of the time by the time short sale approval is received, the buyer has gone south. That's such a funny expression: gone south. I hope it's not discriminatory and, if you think it is, I apologize.
So, I ask you, which buyer is likely to hang in there for the long haul? The FHA buyer -- with an offer that often contains a closing cost credit -- or a conventional buyer? Conventional buyers get the edge 9 times out of 10 and can qualify to buy anything they want. Are conventional buyers more or less likely to wait through the short sale?
I propose that FHA buyers may be more loyal if, for no other reason, than their options are limited. It's all cash in the ... more

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