Cash is (still) King in Real Estate Sales Transactions in Northwest Indiana.
We recently closed a NW Indiana real estate transaction that had cash financing.
These transactions can take less time to close escrow and usually have fewer obstacles to overcome then
offers that are contingent on buyers financing.
No Appraisal is needed (no lender involved) = so no appraisal issues arise!
There are no underwriting conditions to be met, since no loan is involved ->
(this avoids delays in the closing date).
There is no bank approval of a final HUD 1 closing statement for disbursement of proceeds at the closing.
(So closing table time is minutes compared to hour(s).
Northwest Indiana Home Sellers who are in multiple offer situations on their listed properties for sale
May want to consider a cash offer more seriously* than one contingent on buyer obtaining favorable
financing these days, since lending guidelines are more stringent then in years past.
(*of course this is depending on other variables written in the cash purchase contract).
Talk To Tucker for all your NW Indiana real estate needs.
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