Sinead McAllister,
Broker, San Diego County, CA
Hi Bethany,
Cash. If you need help looking for some great bank-owned properties, feel free to give me a call.
Thanks!
Sinead McAllister
858-205-5215
brokermcallister@gmail.com
Cash. If you need help looking for some great bank-owned properties, feel free to give me a call.
Thanks!
Sinead McAllister
858-205-5215
brokermcallister@gmail.com
Web Reference: http://www.McAllisterHomes.com
Walter 'Skip' Kersten DRE#01445011,
Agent, Yorba Linda, CA
Cash offer without a doubt. The asset manager's performance is measured on selling assets at the highest price in the shortest time. The interest income the bank might earn would not figure into the asset manager decision.
Good luck,
Good luck,
Anton Weber,
Broker, 92113
The bank would likely go for a pure cash offer as there are typically no "if,ands, or buts" assosiated with the offer other than the a short inspection contingency. If the offer with the line of credit was a bit higher (5k higher) the bank asset manager may take the risk and opt for the higher net price.
Best Regards,
Anton Weber
Broker
Best Regards,
Anton Weber
Broker
Web Reference: http://www.reoavenue.com/tv/
Dennis Smith,
Agent, Carlsbad, CA
You asked
"Would a bank (for ex. BofA) be more likely to accept cash offer of 50K or cash offer 18Kcash/32K (BofA home equity approved line of credit)?"
Cash is always king because they always ask for proof of liquid funds so they know that there is never a question of financing.
Dennis Smith, ABR, SRES, e-PRO, Realtor® CA DRE#00476662
CDPE - Certified Distressed Property Specialist
RE/MAX By-The-Sea
"Would a bank (for ex. BofA) be more likely to accept cash offer of 50K or cash offer 18Kcash/32K (BofA home equity approved line of credit)?"
Cash is always king because they always ask for proof of liquid funds so they know that there is never a question of financing.
Dennis Smith, ABR, SRES, e-PRO, Realtor® CA DRE#00476662
CDPE - Certified Distressed Property Specialist
RE/MAX By-The-Sea
Web Reference: http://SanDiegoHomes4u.com
