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In the Seattle market, it's common for competitive offers to waive the financing contingency, but to also include lender pre-approval info in the bid packet. N
by oasisbob 2y ago
In the Seattle market, it's common for competitive offers to waive the financing contingency, but to also include lender pre-approval info in the bid packet.
Not sure if I would consider that a cash offer; financing can still fall through and scuttle the deal.
- panarky 2y agoIf there's no financing contingency identified in the contract, and the buyer can't come up with the cash to close, then the buyer forfeits whatever deposit or earnest money they paid.