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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by hd95489 on Monday March 06, 2023 @02:05PM (#35045999)
Luck or you just offered enough more that the seller bit. 5k is nothing on a 1m deal.
Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by lolinder on Monday March 06, 2023 @02:54PM (#35046694)
It's not the money that's the point, it's that the mortgage company is putting skin in the game. The value of a cash offer, aside from going above the appraisal value, is that there is no risk of it falling through due to financing problems. The $5k is nothing except that it shows that our offer may as well have been cash as far as that concern goes.