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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (1859)	2/23/2002 7:53:32 AM
From: nextrade!	Respond to of 306849

Let me spell it out real plain so you can understand cash is king ! <G/NG>

To: Steve Lee who wrote (1859)	2/23/2002 11:19:38 AM
From: jjs_ynot	Respond to of 306849

>>> 3) I call the agent and offer a low price. I tell him I have cash waiting and can complete the deal as soon as the paperwork is ready. <<< In the US, verbal offers do not need to be presented. In fact they have no standing and an agent creates problems for himself representing them as bonafide offers. All offers must be in writing with all terms and conditions specified to have standing.

To: Steve Lee who wrote (1859)	2/23/2002 6:22:15 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

So you read the paper or drive around till you see a sign on some property for sale. Then call the listing agent and tell he/she that you have cash. But your only offering half the asking price. Then this moron agent runs off and tells the client? Then the client is so hard up for money that he/she accepts this offer because it'll close in maybe 20 days "my fastest close" instead of 45. After this you find a lender that is willing to mortgage this gem, occasionally above your purchase price. Well that's genius. Did you purchase one of those 'Get Rich in your Spare Time' packages they sale on TV late at night? Or did you figure this out on your own?