Typically, when you make your offer at 65% of After Repair Value on your fix and flips, you will have competition. Your competition is typically:
All Cash Offer
VA Offer
FHA Offer
Conventional 30-year Offer
Contingent upon Sale Offer
The Seller’s Realtor will almost always dump the VA and FHA because they are a pain in the rear to bring home. They will definitely dump the Contingent offer. Possibly they will dump the 30-year conventional offer. The one the Seller’s Realtor really, really, really likes is an All-Cash Offer because they get paid fastest and easiest.
Using the GETPOF.com proof of funds letter, this hard money lender will give you their bank statement to prove funds. When Seller’s see this, they lump you into the same category as an all-cash buyer. Remember, you are not actually paying cash, you are borrowing hard money to make the purchase. Realtors lump a cash buyer with a hard money buyer because hard money is the equivalent to cash. Yes, its dumb but that is what happens.
I have routinely gotten more successful acceptances using the GETPOF.com proof of funds letter. If you have any questions, please call me.
If you need to buy or sell a home, see us at www.5kflatfeelisting.com. We look forward to hearing from you.
Buyers get: Sellers get:
FREE Home Inspection 5k Flat Fee Listing
FREE Termite Inspection FREE Home Inspection
FREE Home Warranty FREE Termite Inspection
Best,
Geoff Nowlin, Phoenix Realtor Brett Young, Cleveland Realtor
480-466-3737 (216) 703-5740
www.5kflatfeelisting.com by56083@gmail.com
nowlin.geoff@gmail.com
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