Cash Deal Closing Questions

[Keith W.]

Hello - I may be putting in my first offer on an off-market property in a day or so and have some confusion about how this should go and don't want the seller to be my guide. 

The main question is: are Cash deals different than conventional loan deals?  

For example, will the seller expect earnest money with my offer? With an "AS-IS" transaction, what exit strategies do I have? 

I'm working with a private investor. Our arrangement is he will provide acquisition and rehab money in one loan, all upfront. Is he supposed to submit the money to the title company or escrow? 

Do I have to provide loan docs to the title company or whoever? Does he have to cut a check for the purchase of the house then another for the rehab? 

With conventional financing, I have to account for where money is coming from; Can't I just present a check for the amount with a private seller? 

For the record, I'm pretty sure the seller is a wholesaler looking to assign the contract. 

Any input would be greatly appreciated.