Is there a creative way to make a cash offer, then finance?

[Luke Grogan]

Curious if anyone knows a way to work around making a cash offer, but doing a double close or something to immediately finance a purchase? I'd like to use the cash offer to get the owner to the table, but get the deal financed. I could close with cash, if needed, but would prefer not to tie up all the cash and have to pay for two full closings... Any ideas?

[Darren Budahn]

Luke Grogan

When writing an offer, your offer will either have a financing contingency or it won't. If you don't have the financing contingency in your offer, it will be a cash offer.

Then, as long as you give yourself enough time between the accepted offer and the closing date, you can just go ahead and close with financing. If your financing falls apart, you need to be prepared to close with cash then obviously.

I would be upfront with the seller about your intentions but as long as you don't have the financing contingency, he shouldn't care whether you or the bank are paying him.