How to make a strong offer without paying cash in full

[Meredith Hyman]

I have a super good deal that I found lastnight, and I have enough for 20% down but our market has cash buyers all over. Just want to see how i can make a strong offer using a loan and 20% down. Please let me know. I'm walking the property today and it was listed less then 24hrs ago!

[Jonathan Greene]

You have to pay more than what a cash buyer will pay, it's that simple. 20% down is solid, but cash is better and easier and more secure. Can you get pre-underwritten by your lender, that makes the loan as close to cash as possible. I don't recommend it, but if you have extra cash on-hand, you can waive appraisal if you are confident in the value of the property long-term because cash has no appraisal contingency.