A New Twist on Offers being Made

Joan, I think the creativity of those Buyers will be rewarded. Various options exist in order to avoid making an offer to purchase contingent on the sale of their home. 

Hello Joan - over the years, I have seen many real estate strategies.  Some successfully, others not so much.  100% of either, each and every time?  I think we both know that answer.   

Benefits and drawbacks are a part of each scenario.  Just like life.  Is it a "game" or a "puzzle"?  Maybe a bit of both as well as some other things thrown in.  Just because.  Seeing the big picture is certainly a part of it.

Good afternoon Joan Cox ,

We are seeing it all! Learning new tricks every day. Texas has an Addendum to waive the Lenders Appraisal so you don't have to go to a hard money loan but you do have to have extra cash if it doesn't appraise. I'm seeing appraisers coming in closer to these high prices because they can document the monthly increase in sold prices..crazy out there!

That is an interesting business angle that I can see more people using Joan Cox 

Cash is king, but only when it is yours!

Playing with hard money is not for sissies!

That is pretty crazy, but I guess in crazy markets people have to do crazy things.

It's a good alternative. If you own it. 

It is interesting to see the use of the hard money option.

This could be a dangerous decision for some families.

Thinking out of the box is great when everything is going well. Let's hope and pray for these buyers. It is a tough market.

I have seen it here as well. Just recently i sold a 3 =family home that way. I do caution the buyers It is not the high interest rate, but the points that can kill you. Also many loans have re payment penalties or a minimum amount of interest to pay.