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Updated over 11 years ago on . Most recent reply
CASH BUYER question
We put an offer in on a property and it ended up falling through due to financing. It is now re-listed at $59,900 CASH ONLY. We had an inspection done and it didn't turn up anything too serious, needs a new roof and a few other things.
I really wanted this house because it is so discounted. But now that it says CASH ONLY does that mean they won't even consider financed deals?
Most Popular Reply
Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
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- West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Could be ignorance on their part if they say conventional is okay, but no FHA(if that's what they said). A bad roof will disqualify it for conventional too. Get pre approved for a 203k, put together a real contractor estimate, and make an offer.