Posted by Terry (Houston) on July 10, 2002 at 18:55:16:
Yes,
Though most owners will think all cash means no contingencies on securing the loan.
They don’t care that you get a loan, as long as you can close when you say you can.
That is what I have seen…
Terry (Houston)
Dumb Question - Posted by Nick
Posted by Nick on July 10, 2002 at 18:11:15:
I am sure that this may sound like a dumb question, but please consider I am a newbie.
Say a seller is listing a property for $65,000 and I offer him an all cash deal for $48,000. If I can secure a hard money loan + my down payment for $48,000 is that considered all cash to the seller even though it is a loan to me.