Do Cash offers Talk in Tampa Bay?


Do Cash offers Talk in Tampa Bay?

Usually, but not always.  On occasion, the seller will accept a financed offer from a buyer that is not as solid as a cash buyer, which sometimes does not make sense.

Cash is simple with no appraisal contingencies and no chance of the quality of the property not suiting the lender.

Bidding on a deadline for “Highest and Best” means you have to put your best foot forward and submit the highest price and terms that you are comfortable with…

Be Prepared

Provide proof of funds if you are paying cash, or a solid pre-approval if you are financing...with a local lender, such as The Mortgage Guy-Eric Intihar. Skip the internet with the do-it-yourself pre-qual that you can fill in the blanks.

If you are financing your Tampa Bay home, try to put as much as you can down on the loan, as that will make a difference to the seller.  The less of your own money that you put toward your loan, the less chance you have of winning the bid. 

Sellers do look at your financing terms in addition to your offer terms.

Keep the contract clean...that means try not to ask for any concessions like closing cost or longer closing date sellers in this market are looking for a buyer that will close without asking for favors.

Don’t jeopardize your money…

There are many buyers chomping at the bit for a house that are willing to take chances.  They are willing to remove all contingencies…and sometimes they have agents that encourage that.

If you have deep pockets, then sure you can waive the appraisal and come out of pocket for the difference.  But even if you can afford the extra cash, it is smarter to cap your exposure by placing a limit on your contribution in case the appraisal comes in “short”...less than your purchase price.Should you pay cash or finance your Tampa Bay Home?

If you choose to waive your financing contingency, don’t do it, unless you have all the extra cash available.  You don’t want to forfeit losing your escrow deposit if expectations don’t go as planned.

Waive your home inspection?  Oh please no! We have discovered too many deal breakers during a home inspection and would never recommend not doing one. Don’t let anyone talk you into it.

Last but not least…

Don’t get discouraged. Many buyers are making several offers before they land a are not alone on this.

Do not give up if you encounter a cash offer

Don’t fall in love with the house until you close on it and don’t despair if you lose out...there is always another property to buy.

For Expert Buyer Representation, Call Buyers Broker of Florida 727-202-9130. 

More Contract Home Buying Tips...

Can You Renegotiate Your House on Closing Day?
Let’s face it, if you are buying a fixer upper property that you plan to renovate, then it is considered acceptable if “things” are not perfect. However, if you are buying a nice house and more importantly paying top market dollar, then you should not be expected to start fixing problems that were not there 30 days ago, when you bought the property. Worried about buying a home? We can make it easy... CALL Buyers Broker of Florida for a confidential and complimentary chat about your best home buying opti
If you do not qualify for financing, what happens?
You are under contract and you determine you cannot qualify for financing. Oh no, now what? Tayna Alexander, Tampa Buyers Broker and Attorney breaks it down for you.
What does "As-Is" Mean in a Florida Real Estate Contract?
One of the Florida Real Estate approved contract is an "As-Is" Contract. This contract is very popular in Tampa Bay Real Estate Market. What does this mean for a home buyers. Tayna Alexander, Attorney and Exclusive Buyers Agent explains.
If I ask for repairs, can a seller cancel the Florida Real Estate Contract?
The home you are buying reviewed more repairs than expected. What do you do now that you have agreed to an "As-Is" Contract. Buyer Broker of Florida explains the options. Tayna Alexander, represents home buyers in their real estate purchase.
What happens when a home doesn't appraise?
As a condition of your loan, the lender will want to have a appraisal done on your home. This is a third party opinion of value. The home should appraise at or higher than purchase price. What happen is the home does not appraise? Learn about your options from Attorney and Buyers Agent representing home buyers in Tampa Bay. For more information 727-202-9130.
Should you waive a home inspection in your Offer?
Should you waive a home inspection in your Offer? Sure this will sweeten your offer but should you? Watch this video with home buyer recommendations from Tayna Alexander Attorney and Buyer Broker.
Can I have a relative inspect my property?
Can I have a relative inspect my property? Before you do this you have to consider how the seller will receive this, if you ask them to fix repairs. Buyers Broker of Florida only represents home buyers in their purchase, never the seller. Call or text 727-202-9130.
What can I negotiate in my Home Purchase Offer? Tampa, Florida
Knowing how to prepare and structure an offer when you purchase Tampa property is important. Choosing an experienced Buyers Agent to assist can be paramount to successfully obtaining the home you want at terms you can live with. Buyers Broker of Florida has over 30+ years in helping home buyers purchase homes. Let their expertise work for you. They only represents home buyer interests and never the seller. They serve Tampa Bay and surrounding counties. Contact them to learn more about their Buyer Brok
Why do Final Walk Through?
So you have purchased a Home and ready to Close. Should you conduct a Walk Through prior to Closing? Yes, you should. Watch the reasons behind this, along with the potential pit falls a buyer can face, if they elect not to do a Final Walk Through. We conduct a Final Walk Through on all of our Home Buyer Client purchases. Contact Buyers Broker of Florida for a no-obligation consultation on buying a home with the help of a Buyers Broker. They can be reached at 727-202-9130 or by visiting their website a
Does Cash offers Talk in Tampa Bay?
Think you will never get a house unless you pay cash? Not necessarily! You just might need to structure you offer to look better…Listen to this short video to learn the strategy or visit
How Important is Title Insurance?
The mistakes that Title Companies make can be your homebuying nightmare! Don’t be naïve. They are not in your corner. You do have a choice to protect your big investment, so listen up!
What happens if the Seller Removes Items from the Home?
So you are ready to close and the you are doing your final walk through on the home. You walk in and you are shocked because the seller removed the appliances. What do you do? Watch this video from an Exclusive Buyers Agent on tips and how you can handle these surprises. Buyers Broker of Florida is a dedicated Exclusive Buyers Agency office serving the best interests of home buyers in Hillsborough County, Pinellas County, Manatee County, Pasco County and Sarasota County. For more information on buyers
What You Don't Know about Title Commitment when Home Buying
Title Commitment is one of the most misunderstood documents in a real estate transaction. There are contractual opportunities to review this and its important a home buyer knows who this works, so they can get a better Title Insurance Policy at Closing. To be represented when buying a home, call Buyers Broker of Florida 727-202-9130.
How does the Appraisal Process Work?
An Appraisal is required if you are doing a loan to buy a home. Buying a home can be a complicated process and its important that you partner with a Buyer Broker to share with you the home buying process. The goal is to have an appraisal at or higher than your purchase price. Learn more tips about how an Appraisal work when buying real estate. Buyers Broker of Florida are seasoned real estate buyers agents that represent only the home buyers best interest and never the seller. Visit their site for more
Can the Seller Cancel the Contract?
Every buyer wonders if seller can cancel the contract, if they ask for something. Watch this video to learn more about this and buyer contigencies, it may not be what you think. Buyers Broker of Florida has been represents home buyer for over 30 years. When working with us, we make sure to provide you all of your options. Visit or call 727-202-9130 to learn more.

Post a Comment