How much of a premium does a Cash offer deserve?

[anderlee]

@kisame2602 I got not idea. Was just playing devils advocate about how easy it could be abused

 

[kisame2602]

@anderlee That’s my point I think, I find it hard pressed to believe that it’s so easy to get out of a contract of sale without having any basis or official rejection.

Maybe my broker was not aware? At least they represented to me that it isn’t so simple to just back out of the contract and we would need an official letter from the lender (I guess the chances of a lender giving this to you - I have no idea about how easy/frivolous that is)

I like playing devils advocate

 

[anderlee]

@kisame2602

I find it hard pressed to believe that it’s so easy to get out of a contract of sale without having any basis or official rejection.

No. You show the bank that you can't service the loan and they will refuse to lend to you. It's that simple. That staistfies "pending finance"

 

[dardenel]

@kisame2602 U dont need to prove it. the contract legit says u just have to give notice youve been rejected. No one can force you to show this.

 

[prodigy]

@dewguru Scummy but that’s the industry I guess.

 

[esther300]

@prodigy It’s literally the only scum move the buyer has as opposed to all the agent bullshittery and lies.