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Updated almost 12 years ago on . Most recent reply

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John Schnyderite
  • Hillsborough, NJ
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23
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How much is a cash offer worth

John Schnyderite
  • Hillsborough, NJ
Posted

I have heard owner occupants are preferred for reo's but I know cash is king.

When a bank looks at a conventional vs cash scenario, how close is close enough for cash to win out, even when at a lower price?

For example, 335k conventional vs 290k cash. Is 30, 40, or 50k less acceptable for a guaranteed deal with all other things equal?

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