Home › Forums › Closed Forums › Buying and Selling RE › Cash offers … banks slitting their own throats?
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AK.
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August 20, 2009 at 6:10 PM #448006August 20, 2009 at 9:05 PM #447268
no_such_reality
ParticipantApparently “real” people need to use someone else’s money. Which means real people may not be able to actually commit to buying said property.
And yep, there are bidding wars with vapor money and they don’t me jack. Why? Because most of them won’t qualify for a loan.
It’s really simple. The people with the cash are the people that can really BUY. They don’t need anybody else’s approval to buy. They don’t have to dink around for 60 days trying to get appraisals to match, force their paperwork through the bank for the loan or anything else. They can say I will buy, and that’s it. They can buy.
The ‘real’ buyer can’t. Pure and simple, all talk no …
August 20, 2009 at 9:05 PM #447460ParticipantApparently “real” people need to use someone else’s money. Which means real people may not be able to actually commit to buying said property.
And yep, there are bidding wars with vapor money and they don’t me jack. Why? Because most of them won’t qualify for a loan.
It’s really simple. The people with the cash are the people that can really BUY. They don’t need anybody else’s approval to buy. They don’t have to dink around for 60 days trying to get appraisals to match, force their paperwork through the bank for the loan or anything else. They can say I will buy, and that’s it. They can buy.
The ‘real’ buyer can’t. Pure and simple, all talk no …
August 20, 2009 at 9:05 PM #447798ParticipantApparently “real” people need to use someone else’s money. Which means real people may not be able to actually commit to buying said property.
And yep, there are bidding wars with vapor money and they don’t me jack. Why? Because most of them won’t qualify for a loan.
It’s really simple. The people with the cash are the people that can really BUY. They don’t need anybody else’s approval to buy. They don’t have to dink around for 60 days trying to get appraisals to match, force their paperwork through the bank for the loan or anything else. They can say I will buy, and that’s it. They can buy.
The ‘real’ buyer can’t. Pure and simple, all talk no …
August 20, 2009 at 9:05 PM #447868ParticipantApparently “real” people need to use someone else’s money. Which means real people may not be able to actually commit to buying said property.
And yep, there are bidding wars with vapor money and they don’t me jack. Why? Because most of them won’t qualify for a loan.
It’s really simple. The people with the cash are the people that can really BUY. They don’t need anybody else’s approval to buy. They don’t have to dink around for 60 days trying to get appraisals to match, force their paperwork through the bank for the loan or anything else. They can say I will buy, and that’s it. They can buy.
The ‘real’ buyer can’t. Pure and simple, all talk no …
August 20, 2009 at 9:05 PM #448052ParticipantApparently “real” people need to use someone else’s money. Which means real people may not be able to actually commit to buying said property.
And yep, there are bidding wars with vapor money and they don’t me jack. Why? Because most of them won’t qualify for a loan.
It’s really simple. The people with the cash are the people that can really BUY. They don’t need anybody else’s approval to buy. They don’t have to dink around for 60 days trying to get appraisals to match, force their paperwork through the bank for the loan or anything else. They can say I will buy, and that’s it. They can buy.
The ‘real’ buyer can’t. Pure and simple, all talk no …
August 20, 2009 at 9:30 PM #447273AK
ParticipantI’ll let George Bailey say it for me:
“Now, hold on, Mr. Potter. … You…you said…What’d you say just a minute ago?…They had to wait and save their money before they even ought to think of a decent home. Wait! Wait for what? Until their children grow up and leave them? Until they’re so old and broken-down that they…Do you know how long it takes a working man to save five thousand dollars? Just remember this, Mr. Potter, that this rabble you’re talking about…they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath? Anyway, my father didn’t think so. People were human beings to him, but to you, a warped frustrated old man, they’re cattle. Well, in my book he died a much richer man than you’ll ever be!”
August 20, 2009 at 9:30 PM #447465ParticipantI’ll let George Bailey say it for me:
“Now, hold on, Mr. Potter. … You…you said…What’d you say just a minute ago?…They had to wait and save their money before they even ought to think of a decent home. Wait! Wait for what? Until their children grow up and leave them? Until they’re so old and broken-down that they…Do you know how long it takes a working man to save five thousand dollars? Just remember this, Mr. Potter, that this rabble you’re talking about…they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath? Anyway, my father didn’t think so. People were human beings to him, but to you, a warped frustrated old man, they’re cattle. Well, in my book he died a much richer man than you’ll ever be!”
August 20, 2009 at 9:30 PM #447803ParticipantI’ll let George Bailey say it for me:
“Now, hold on, Mr. Potter. … You…you said…What’d you say just a minute ago?…They had to wait and save their money before they even ought to think of a decent home. Wait! Wait for what? Until their children grow up and leave them? Until they’re so old and broken-down that they…Do you know how long it takes a working man to save five thousand dollars? Just remember this, Mr. Potter, that this rabble you’re talking about…they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath? Anyway, my father didn’t think so. People were human beings to him, but to you, a warped frustrated old man, they’re cattle. Well, in my book he died a much richer man than you’ll ever be!”
August 20, 2009 at 9:30 PM #447874ParticipantI’ll let George Bailey say it for me:
“Now, hold on, Mr. Potter. … You…you said…What’d you say just a minute ago?…They had to wait and save their money before they even ought to think of a decent home. Wait! Wait for what? Until their children grow up and leave them? Until they’re so old and broken-down that they…Do you know how long it takes a working man to save five thousand dollars? Just remember this, Mr. Potter, that this rabble you’re talking about…they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath? Anyway, my father didn’t think so. People were human beings to him, but to you, a warped frustrated old man, they’re cattle. Well, in my book he died a much richer man than you’ll ever be!”
August 20, 2009 at 9:30 PM #448057ParticipantI’ll let George Bailey say it for me:
“Now, hold on, Mr. Potter. … You…you said…What’d you say just a minute ago?…They had to wait and save their money before they even ought to think of a decent home. Wait! Wait for what? Until their children grow up and leave them? Until they’re so old and broken-down that they…Do you know how long it takes a working man to save five thousand dollars? Just remember this, Mr. Potter, that this rabble you’re talking about…they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath? Anyway, my father didn’t think so. People were human beings to him, but to you, a warped frustrated old man, they’re cattle. Well, in my book he died a much richer man than you’ll ever be!”
August 20, 2009 at 9:34 PM #447288ParticipantAgain, simple item. Those with cash can make good on their word.
Those without, need someone else to trust them.
August 20, 2009 at 9:34 PM #447480ParticipantAgain, simple item. Those with cash can make good on their word.
Those without, need someone else to trust them.
August 20, 2009 at 9:34 PM #447818ParticipantAgain, simple item. Those with cash can make good on their word.
Those without, need someone else to trust them.
August 20, 2009 at 9:34 PM #447889ParticipantAgain, simple item. Those with cash can make good on their word.
Those without, need someone else to trust them.
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