All Forum Posts by: Jacob Stokes

@Bruce Lynn

Bruce this house will not pass inspection for any type of special financing like VA or FHA due to the condition the roof is in and other things not as serious. So thats my whole angle in trying to get a better deal, is a cold hard cash in the bank offer. The listing is $129,900 it has been on the market for 168 days. We are wanting to offer $101,500 due to the roof and the deck off the back of the house would need repaired. Just felt weird and wrong for her to fight me on my way of thinking. I appreciate everybody here giving me more perspective.

@Steve Morris

I understand cash is the same at closing but my point/argument is that if your house won't pass an FHA/VA inspection then how is the financing for that the same as cash? Cold hard cash I feel is better than financing.

@Nicky Reader

This our agent not the listing. It is a semi low offer, but considering that the repairs that we would cover I feel its fair. I guess my question is, isn't it more beneficial to the seller for a cash offer with less stringent inspections than a financed off with a lot of required inspections by banks/credit unions that they may back out of financing if something is found?

Hey guys and gals,

I am helping my parents find a house and we have found one with a real estate agent from the area. So, I was going over the offer we would like to make with her this morning and she told me "Cash" offer doesn't really matter. The seller doesn't care about that. Now to me that can't be right, don't banks/financing back out of deals all the time? Also tried telling her to put in certain terms to make it more appealing to the seller, like inspection amounts that we will cover if somethings wrong and won't back out but she said she has 40 years of experience and that doesn't matter either. Any advice will help. Thanks.

Thank you all for the input and help. This website is so awesome for help!!!

Hello all,

So I have a few qualified applicants and one gentleman asked if I would allow a cat. Now I hate cats, sorry if you're a cat lover but they are not for me. I have heard of them peeing every where and that they aren't rental friendly. With that being said that didn't come from anybody with a lot of experience. So any help or stories would be great.

Thank You,

Jacob Stokes

@Kyle J. I will check into that. Great idea about contacting a local property management company. Thank you.

@Andrew Carlson that is a great idea thank you.

@Chrissy Grimm

Chrissy thank you for the help. I am leaning towards $725 and going from there. I feel that is in the neighborhood of the ceiling for the property and the small market I am in.

@Mario Arnone

Thank you for the help as well!