Updated about 5 years ago on . Most recent reply
Does a Cash Offer Mean All Cash?
To me a "cash offer" doesn't necessarily mean all cash, it simply means that I'm waiving the typical financing contingency clause and also not making the seller pay any portion of points towards a mortgage. It's a move I would consider if my price is low as a way to strengthen my offer and only if I'm very confident in getting financing.
Is this consistent with others views? If not, please enlighten me.
Most Popular Reply
I guess this is the fall out of the elections. Words dont mean anything anymore! Cash means Cash. AS opposed to financed. I bought a house with no finance contingency but with a mortgage. We didnt call it a cash offer but we did say we waive finance contingency. That too has no meaning unless there is a hefty earnest money that you can lose, which in that case there was.