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Started By
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Is the Real Estate ploy "we have a cash offer" a bold face lie to make you offer more?
Posted on 1/21/20 at 1:49 pm
Posted on 1/21/20 at 1:49 pm
I say yes. They can say this, and offer ZERO proof. They can tell you ANYTHING about so-said "other offers" and not have to prove squat to you in print. Snakes.
27
Posted on 1/21/20 at 1:50 pm to tbabino
tell them your pre-approved lender pays in cash too
Posted on 1/21/20 at 1:50 pm to tbabino
Are you asking if people lie during negotiations to gain an advantage?
Posted on 1/21/20 at 1:50 pm to tbabino
Call their bluff and find out
Posted on 1/21/20 at 1:51 pm to tbabino
every real estate deal is a cash offer
Posted on 1/21/20 at 1:51 pm to tbabino
Say “prove it”
Posted on 1/21/20 at 1:52 pm to 777Tiger
quote:
every real estate deal is a cash offer
Yes but if you are actually paying with cash and no loan, process goes faster and less chance of falling through
Posted on 1/21/20 at 1:52 pm to tbabino
quote:
Real Estate
quote:
bold faced lie
Checks out.
Posted on 1/21/20 at 1:52 pm to tbabino
In california we ran up against several all cash offers, what they wont tell you is that many times its overseas money and its a pain to get into the country. They could wait for months.
I was like, i don't have cash but i can close in 20 days. whats more important to you.
I was like, i don't have cash but i can close in 20 days. whats more important to you.
Posted on 1/21/20 at 1:52 pm to tbabino
Customers lie too. Let’s not pretend it’s one sided.
Posted on 1/21/20 at 1:52 pm to tbabino
nm
This post was edited on 5/21/20 at 1:59 pm
Posted on 1/21/20 at 1:54 pm to tbabino
I suppose it depends on if they have a cash offer.
Posted on 1/21/20 at 1:55 pm to barry
quote:
Yes but if you are actually paying with cash and no loan, process goes faster and less chance of falling through
Most people are smart enough to get pre approved
Posted on 1/21/20 at 1:56 pm to tbabino
When we put the offer on our current house, amazingly someone else supposedly was submitting their best offer that day. The realtor suggested we bump our offer, and I was like no thanks. If we lose it, we lose it.
We didn't lose it. Obviously this won't work every time, but I'm very skeptical when something seems like an obvious ploy to raise a price or force my hand.
We didn't lose it. Obviously this won't work every time, but I'm very skeptical when something seems like an obvious ploy to raise a price or force my hand.
Posted on 1/21/20 at 1:58 pm to LNCHBOX
Was your agent the one selling the house?
Posted on 1/21/20 at 1:58 pm to tbabino
Sadly, "cash offer" in real estate has come to mean "doesn't require traditional financing". Meaning, they either have the money in the bank to pay for the property outright, or they have a private lender.
Posted on 1/21/20 at 1:58 pm to Displaced
No.
Posted on 1/21/20 at 1:58 pm to sacrathetic
quote:
Don't fall in love with a house. Be willing to walk away.
We did this last month. House had some issues that needed to be fixed. The sellers were not interested in making the repairs so we walked. They weren't happy about it, oh well.
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