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Home : Blogs : Jane Taylor : Everything Gaithersburg

If You're Making A CASH Offer, Why Are You Sending Me a Lender's Letter??

Can someone please explain this to me? As a listing agent, I have received cash offers. They are usually way below list because some buyers want you to be so impressed with the fact that they are offering cash. While a cash offer will do away with the pesky appraisal issues that may come, if that's not a concern, I've never met a seller that wouldn't mind waiting and extra 30 days for over $10,000!

My question to the buyer's agent in a recent transaction is, "If you're making a cash offer, why are you sending me a lender's letter?" HELLO, Jane?? Because they don't have the cash! The agent maintains that they do have the cash -- he simply can't get the statements together, the money is coming, the sun's in his eyes, his dog ate his homework.....As I'm reading the lender's letter, I notice that the borrower's name IS NOT A PARTY TO THE CONTRACT.

Is this an ethics violation under, "misrepresenting offers to clients and brokers" or is he just a total knucklehead?

Posted by Jane Taylor on 10/24/2010 01:58 PM

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Jane Taylor (RE/MAX Realty Group)

Top Floor Luxury in the Park! PERFECT One BR, One Bath Unit with Tree Top Views. Quality Renovations Include Silestone Counters, Cherry Cabinets, Ceramic Tile, New Windows, SGD, Upgraded Carpet, New Maytag Front Loading W&D, & Roof Replaced…

9875 Brookridge Court, Montgomery Village, MD ** Brick Townhome For Sale in Montgomery Village - $155,000 - MC7430547 Jane Taylor

Jane Taylor (RE/MAX Realty Group)

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Jane Taylor (RE/MAX Realty Group)

When is the best time to buy? When housing prices and/or rates are down if you're in the market for a new home. Naturally. But recently, I was working with a client that had "systems" for buying EVERYTHING. Her very own capitalist game! I asked…

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Jane Taylor (RE/MAX Realty Group)

On a gorgeous Saturday afternoon I retrieved an email on my BlackBerry. Subject: Smith Short Sale (Sent via ActiveRain ). After the elation I felt that my loan package was finally getting some attention, it hit me. A BANK is contacting me on…

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Jane Taylor (RE/MAX Realty Group)

Unfortunately, many people in today's economy have been forced into foreclosure due to a variety of reasons. However, the government has recognized the hardships that many homeowners face and have created programs to help stem the tide of…

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Jane Taylor (RE/MAX Realty Group)

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Jane Taylor (RE/MAX Realty Group)

I LOVE to read what Jo-Anne Smith writes! This post should be printed and read weekly -- if not daily! Via Jo-Anne Smith- Oakville, Burlington and Mississauga Region Real Estate, Ont (Brekland Realty Group) : F For O Optimum C Concentration U…

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Jane Taylor (RE/MAX Realty Group)

Making a great first impression begins well before the appointment. Sometimes it's in the "smile" in your tone, the follow-up note card to confirm, or a really slick pre-presentation I sooo much enjoy all the new skills I've learned on ActiveRain…

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Jane Taylor (RE/MAX Realty Group)

Welcome to 49 Stoney Point Court, Germantown, MD This 2 Bedroom, 2 Bath unit is in model home condition in an impeccably kept neighborhood. Beautiful two-level living with a spacious floor plan that includes a modern, updated kitchen, ceramic…

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Jane Taylor

Gaithersburg, MD

More about me…

RE/MAX Realty Group

Address: 6 Montgomery Village Avenue, Suite 200, Gaithersburg, MD, 20879

Office Phone: (301) 258-7757 x 355

Cell Phone: (240) 447-2194

Jane Taylor is a REALTOR® in Gaithersburg, MD who specializes in helping seniors and others with their Gaithersburg area real estate needs.

Jane Taylor or a Realtor with RE/MAX Realty Group specializing in seniors and their Gaithersburg real estate needs.

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