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Updated about 7 years ago on . Most recent reply
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Cash vs Finance TK companies
Hey Guys, in my continuous research I've seen some companies are cash only & some offer financing.
Should there be a difference in sales price between the two?
Should you be able to negotiate the asking price on either? And more specifically, the cash sales?
I know you can later delay-finance a cash property, but it ties your cash for some time, where I feel you could lose out on a potential good deal(s). The other thing is the uncertainty of under-appraising. What if a month later, you find out you over-paid on that property? In that aspect, I feel the companies who offer financing would be more honest about their propertie's values with contingencies to protect the investor, correct?
I assume it's cheaper overall to buy with finance vs delay-finance later?
Sorry for all these questions on 1 post, didn't want to start multiple.
Most Popular Reply
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@Alex Corral I'd be cautious of a turn key company that only accepts cash offers. It us often an indication that they are pricing above market value and know their properties won't appraise.