Cash Purchase Programs

[JayCinta Henry]

I have been approved by a lender that allows you make a cash offer on a house then pivot that transaction into a regular mortgage. The strategy is to allow individuals to be competitive against cash buyers. Just this week they changed their policy to require 10% down for this program. That's out of my goals scope. Does anyone know of similar programs but that work in the normal 5% down for owner occupied properties?

[Sergey A. Petrov]

Find out what the seller wants and why they are selling. It is not always money. Maybe they need a rent back for 2 months- give it to them at $1/mo. Maybe they want a longer close. Maybe they want to owner finance. Maybe something else.

Outside of that, depending on your comfort level, pre-inspect or waive inspection, shorten the timelines if your lender is ok with it, provide copies of bank statements, pre approval. There are a million other things that can be tweaked with your local MLS standard forms. Rely on your agent- that is where their negotiating skills come into play!