How To Win When Competing Against Cash Buyers In Today’s Market...

Today I want to share with you the best way you can get your offer accepted even if you’re competing against cash buyers.

Let’s say you want to purchase a home. 

Maybe you have an inheritance you don’t want to touch.

Maybe you have a retirement account that may not be in your best interest to touch. 

Maybe you have received some monies from a family member but you really would like to do it with your own money.

Whatever your situation is.

Here’s what I want you to know and consider as an option.

The mortgage program most people don’t know about is called delayed financing.

Here’s a snapshot on how it works.

Providing you have sufficient funds to purchase the home in cash. 

You make an offer on the home you want to buy and you buy it by paying cash.

Once you close on the home you contact a lender hopefully me to help you with a cash out refinance.

Delayed financing allows you to complete a cash out refinance right away. 

You don’t have to wait 6 months. 

1. What you must know is you won’t be able to get 100% of your monies back.

   2. Lenders usually place a maximum cash out amount of 80% of the appraised value. 

   3. Keep in mind when completing a cash out refinance you have all of the normal closing costs. 

The benefit of delayed financing is you have a better chance of getting your offer accepted and you can compete with the other cash buyers because you’re paying cash for the home just like they intend to. 

Another benefit of delayed financing is you can get most of the monies back and do as you originally planned.

Start your pre-approval