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  • June 17, 2009 at 4:33 PM #417652
    gn
    Participant

    [quote=SD Realtor]However in one particular case the offer was all cash with no contingencies and a 7 day close. It snaked the top offer and we were in second position so we got snaked as well. [/quote]

    SD Realtor, does this mean that an all-cash offer with a short close (i.e. less than 10 days) is A LOT more advantageous than an all-cash offer with 30 days close ?

    June 17, 2009 at 6:31 PM #416966
    SD Realtor
    Participant

    It all depends on the lender gn. It also depends on the amount of money you are talking. The property I am refering to was a bit north of 1 million. Also the other offers were conventional financed, not cash. If you are talking 2 all cash offers competing, I do not know how much a premium a 10 day verses a 30 day escrow gets you.

    June 17, 2009 at 6:31 PM #417202
    SD Realtor
    Participant

    It all depends on the lender gn. It also depends on the amount of money you are talking. The property I am refering to was a bit north of 1 million. Also the other offers were conventional financed, not cash. If you are talking 2 all cash offers competing, I do not know how much a premium a 10 day verses a 30 day escrow gets you.

    June 17, 2009 at 6:31 PM #417464
    SD Realtor
    Participant

    It all depends on the lender gn. It also depends on the amount of money you are talking. The property I am refering to was a bit north of 1 million. Also the other offers were conventional financed, not cash. If you are talking 2 all cash offers competing, I do not know how much a premium a 10 day verses a 30 day escrow gets you.

    June 17, 2009 at 6:31 PM #417530
    SD Realtor
    Participant

    It all depends on the lender gn. It also depends on the amount of money you are talking. The property I am refering to was a bit north of 1 million. Also the other offers were conventional financed, not cash. If you are talking 2 all cash offers competing, I do not know how much a premium a 10 day verses a 30 day escrow gets you.

    June 17, 2009 at 6:31 PM #417691
    SD Realtor
    Participant

    It all depends on the lender gn. It also depends on the amount of money you are talking. The property I am refering to was a bit north of 1 million. Also the other offers were conventional financed, not cash. If you are talking 2 all cash offers competing, I do not know how much a premium a 10 day verses a 30 day escrow gets you.

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