The Monica Foster Team
Menu
  • Home
  • Buyers
    • Close
    • Properties
      • Search For Homes
      • Request Home Search
      • 24/7 Virtual Open Houses
      • Our Listings
      • New Listings
      • Home Walkthroughs
    • Buyers
      • Buyer Representation
      • Luxury Home Buying
      • New Home Construction
      • Virtual Buying
      • Market Snapshot
      • American Dream TV
    •  
      • Cities / Neighborhoods
      • Schools
      • Relocation
      • Short Sales & Foreclosures
      • Trusted Lenders
    • Buyer Resources
      • Buyer Videos
      • Millennial Home Owner Guide
      • Community & School Reports
      • Area School Districts Facts
      • When Choosing a Home
      • Buyer Negotiation Process
      • Housing Programs
    •  
      • Buying a Home Guide
      • Property Disclosures
      • Ready to Buy
      • Ready to Move
      • Final Walkthrough Checklist
      • Homestead Exemption
      • Real Estate Flow Chart
    •  
      • Title Policy Rates
      • Contract to Close Process
      • Who Pays What?
      • Owning a Home
      • Mortgages
      • Mortgage Rates
      • Property Tax Records
    • Close
  • Sellers
    • Close
    • Sellers
      • Selling Your Home
      • Virtual Selling
      • Luxury Home Marketing
      • Market Snapshot
      • American Dream TV
    •  
      • Value My Property
      • Easy Home Offer
      • Home Offer Consultant
      • Short Sale
      • Expired Listing
      • Relocation Company
    •  
      • Selecting Your Agent
      • Professional Photos
      • 3-D Tours
      • Home Staging
      • Virtual Staging
    • Seller Resources
      • Seller Videos
      • Ready To Sell
      • Priced To Sell
    •  
      • Selling Your Home Guide
      • Ready To Move
      • Contract to Closing
    •  
      • Who Pays What?
      • Remodeling
      • Real Estate Flow Chart
    • Close
  • Raving Fans
  • About
  • Contact
    • Close
    • Social
      • Facebook
      • Twitter
      • Pinterest
    •  
      • Social Wall
      • Blog
      • YouTube
    • Help
      • Ask Us
      • Refer Us
      • Join Us
    • Close

Realty Blog By Monica

Cash is Not Always King in Real Estate

0
June 23, 2013 - Financing, Home Buying

We’ve just about rebounded from, what I will call, an “Investors Market.” The Houston area was one of those markets that was like a feeding frenzy for investors during time when foreclosures, shorts sales and the market, in general, were driving down prices incredibly. Out-of-state and even international investors were buying up properties in our area with their “sweet cash deals.”

As buyer confidence started to return near the end of 2012, not only investors, but would-be owner/occupants were touting cash offers because we live in a world where “Cash is King!” Well, not always. With rising home values and attractive interest rates, we are experiencing a HOT real estate market in Clear Lake City, League City, Friendswood, Pearland, Seabrook, Kemah, Dickinson and the entire Houston Bay area. While cash offers are a great enticement, especially in a down market, it doesn’t necessarily make them the best offers.

Cash buyers tend to believe they can submit low-ball offers because they are paying all cash. In the current market, bringing all cash to the table doesn’t put the buyer in a better bargaining positioning with regard to price. After all, unless it involves seller-financing, the seller gets cash anyway. There are very few advantages to the seller when it comes to accepting a cash offer over one using bank financing. A cash offer may be a good choice for a seller that needs a quick close and wants to reduce the risk of losing a contract because of appraisal value or other financing contingencies.

At the end of the day, the seller will choose the offer that best fits his objectives. With his Realtor’s assistance, he will consider his own circumstances, like when he needs to have the house sold. He’ll also consider the qualifications of all buyers, as well as any contingencies that could delay closing (i.e. the buyer has a home to sell). So, before making a cash offer consider all factors that could persuade the seller’s decision, especially if it’s a home you really want. Don’t lose out on your dream home by making a low-ball offer.

Thinking of buying a home in the Clear Lake City, League City, Friendswood, Pearland, Seabrook, Kemah, Dickinson and Houston Bay area? Call me so that I can assist you with evaluating the market and putting together the best deal to help you land the home of your dreams.

Monica Foster June 23, 2013
Tags:   cash offersclear lake real estatepaying cash for a home

RELATED POSTS

NO COMMENTS

Leave a comment Cancel reply

Your email is never published or shared.

SubscribeSubscribe to Blog

Recent Posts

  • What Experts Are Saying about the 2021 Job Market
  • Owning a Home Is Still More Affordable Than Renting One
  • Should I Wait for Lower Mortgage Interest Rates?
  • How to Make the Dream of Homeownership a Reality This Year
  • Things to Avoid after Applying for a Mortgage [INFOGRAPHIC]

Categories

  • Credit
  • Curb Appeal
  • Decor
  • Financing
  • General Information
  • Green Living
  • Home Buying
  • Home Inspections
  • Home Ownership
  • Home Selling
  • Home Staging
  • Home Walkthrough
  • Insurance
  • Lifestyle
  • Local Area
  • Market Conditions
  • Marketing
  • Mortgage
  • Moving
  • New Construction
  • New Listings
  • News
  • Parks and Recreation
  • Property Taxes
  • Quality of Life
  • Remodeling/Home Improvement
  • Rent vs. Buy
  • Schools
  • Sold Listings

Archives

Our Social Networks

Our Social Networks

Brokered by eXpRealty

Certified Residential Specialist
Accredited Buyer Representative
Certified New Home Specialist
Accredited Staging Professsional
Certified Luxury Home Marketing Specialist
Seller Representative Specialist

Monica M. Foster

Monica M. Foster
The Monica Foster Team

Houston – Clear Lake – Seabrook
League City – Friendswood
Pearland – Galveston

Main: 346.202.7307

Contact Us

© 2020 Realty By Monica, LLC  • 

Terms of Use  •  Privacy Policy
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Notice