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Updated over 16 years ago,

User Stats

15
Posts
0
Votes
Ash Seth
  • NY
0
Votes |
15
Posts

First time buyer against investor

Ash Seth
  • NY
Posted

I am a first time buyer and dealing with short-sale for a house in NY. From lawyer I came to know that there are multiple offers on the house including 1 cash flow deal.

Me and my wife both like the property. But not sure how can i counter offer the cash deal.

Cash Offer is 380K for a house worth of 460K+.
My Offer: 380K with 10% down and conventional financing.

Will it be possible for me to get hard money to compete against the cash offer and then refinance it? What should I be careful while looking for hard money? Is it easy to refinance later on?

Any help is appreciated.

Seth.

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