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June 16, 2009 at 8:38 PM in reply to: Question about Submitting Short Sale Offers to the Bank #416852June 16, 2009 at 8:38 PM in reply to: Question about Submitting Short Sale Offers to the Bank #417113engineer in sdParticipant
[quote=toots]In short sale negotiations, how advantageous is an all cash offer (a reasonable offer)?[/quote]
I’m not a realtor (obviously) but from what my realtor told me, all cash usually doesn’t make a difference on a short sale because the seller is short. If you have a strong offer with financing that is going to close and a larger number, it’s generally better than a cash offer at a smaller number.
June 16, 2009 at 8:38 PM in reply to: Question about Submitting Short Sale Offers to the Bank #417181engineer in sdParticipant[quote=toots]In short sale negotiations, how advantageous is an all cash offer (a reasonable offer)?[/quote]
I’m not a realtor (obviously) but from what my realtor told me, all cash usually doesn’t make a difference on a short sale because the seller is short. If you have a strong offer with financing that is going to close and a larger number, it’s generally better than a cash offer at a smaller number.
June 16, 2009 at 8:38 PM in reply to: Question about Submitting Short Sale Offers to the Bank #416616engineer in sdParticipant[quote=toots]In short sale negotiations, how advantageous is an all cash offer (a reasonable offer)?[/quote]
I’m not a realtor (obviously) but from what my realtor told me, all cash usually doesn’t make a difference on a short sale because the seller is short. If you have a strong offer with financing that is going to close and a larger number, it’s generally better than a cash offer at a smaller number.
June 16, 2009 at 8:38 PM in reply to: Question about Submitting Short Sale Offers to the Bank #417340engineer in sdParticipant[quote=toots]In short sale negotiations, how advantageous is an all cash offer (a reasonable offer)?[/quote]
I’m not a realtor (obviously) but from what my realtor told me, all cash usually doesn’t make a difference on a short sale because the seller is short. If you have a strong offer with financing that is going to close and a larger number, it’s generally better than a cash offer at a smaller number.
engineer in sdParticipant[quote=LarryTheRenter]Liquid Cd from First Republic bank….They have a 11 month liquid CD that gets around 2.08%…You can pull money out anytime providing you leave a min of 10K in it…..They also have a Passbook savings account that will yield 2% if you have a 250K minimum….Maybe spread it around between the 2 for safety…[/quote]
I have a 7 month liquid CD from United Commercial Bank that has a 2.25% interest rate compounded daily. I’m pretty sure that’s the best rate available if you want to go the CD route.
engineer in sdParticipant[quote=LarryTheRenter]Liquid Cd from First Republic bank….They have a 11 month liquid CD that gets around 2.08%…You can pull money out anytime providing you leave a min of 10K in it…..They also have a Passbook savings account that will yield 2% if you have a 250K minimum….Maybe spread it around between the 2 for safety…[/quote]
I have a 7 month liquid CD from United Commercial Bank that has a 2.25% interest rate compounded daily. I’m pretty sure that’s the best rate available if you want to go the CD route.
engineer in sdParticipant[quote=LarryTheRenter]Liquid Cd from First Republic bank….They have a 11 month liquid CD that gets around 2.08%…You can pull money out anytime providing you leave a min of 10K in it…..They also have a Passbook savings account that will yield 2% if you have a 250K minimum….Maybe spread it around between the 2 for safety…[/quote]
I have a 7 month liquid CD from United Commercial Bank that has a 2.25% interest rate compounded daily. I’m pretty sure that’s the best rate available if you want to go the CD route.
engineer in sdParticipant[quote=LarryTheRenter]Liquid Cd from First Republic bank….They have a 11 month liquid CD that gets around 2.08%…You can pull money out anytime providing you leave a min of 10K in it…..They also have a Passbook savings account that will yield 2% if you have a 250K minimum….Maybe spread it around between the 2 for safety…[/quote]
I have a 7 month liquid CD from United Commercial Bank that has a 2.25% interest rate compounded daily. I’m pretty sure that’s the best rate available if you want to go the CD route.
engineer in sdParticipant[quote=LarryTheRenter]Liquid Cd from First Republic bank….They have a 11 month liquid CD that gets around 2.08%…You can pull money out anytime providing you leave a min of 10K in it…..They also have a Passbook savings account that will yield 2% if you have a 250K minimum….Maybe spread it around between the 2 for safety…[/quote]
I have a 7 month liquid CD from United Commercial Bank that has a 2.25% interest rate compounded daily. I’m pretty sure that’s the best rate available if you want to go the CD route.
June 16, 2009 at 5:00 PM in reply to: Question about Submitting Short Sale Offers to the Bank #416495engineer in sdParticipantMy agent said if the other agent knows what they’re doing it would probably take 6 weeks.
Since it has become apparent that the other agent doesn’t seem to know what they’re doing, he’s predicting it could take up to 3 months
June 16, 2009 at 5:00 PM in reply to: Question about Submitting Short Sale Offers to the Bank #417220engineer in sdParticipantMy agent said if the other agent knows what they’re doing it would probably take 6 weeks.
Since it has become apparent that the other agent doesn’t seem to know what they’re doing, he’s predicting it could take up to 3 months
June 16, 2009 at 5:00 PM in reply to: Question about Submitting Short Sale Offers to the Bank #417061engineer in sdParticipantMy agent said if the other agent knows what they’re doing it would probably take 6 weeks.
Since it has become apparent that the other agent doesn’t seem to know what they’re doing, he’s predicting it could take up to 3 months
June 16, 2009 at 5:00 PM in reply to: Question about Submitting Short Sale Offers to the Bank #416993engineer in sdParticipantMy agent said if the other agent knows what they’re doing it would probably take 6 weeks.
Since it has become apparent that the other agent doesn’t seem to know what they’re doing, he’s predicting it could take up to 3 months
June 16, 2009 at 5:00 PM in reply to: Question about Submitting Short Sale Offers to the Bank #416733engineer in sdParticipantMy agent said if the other agent knows what they’re doing it would probably take 6 weeks.
Since it has become apparent that the other agent doesn’t seem to know what they’re doing, he’s predicting it could take up to 3 months
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