3 ms·
The reason to prefer cash is that there are far fewer things to hold up or tank the deal. When the deal is dependent on a loan, it also becomes dependent on all
by gensym 3y ago
The reason to prefer cash is that there are far fewer things to hold up or tank the deal. When the deal is dependent on a loan, it also becomes dependent on all the conditions for that loan (and the timeline to get it approved).
- matsemann 3y agoAh, here you get your loan amount approved before you start looking at houses. And when bidding you provide your bank contact, which confirms to the realtor that your bid is ok. But I guess things are just very different. As a buyer you wouldn't have a realtor here either, one for the seller is enough. Quite stringent rules on how the bidding process works, the seller needs to pay for an inspection before putting the house up for sale etc.