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Types of Offers
Types of Offers
Not all cash offers are the same. Understanding the terms is critical.
- All-Cash, No Contingency: The strongest offer. The buyer has the funds and requires no bank approval.
- Hard Money Loan: The buyer uses a private lender. Faster than a bank, but still has some underwriting requirements.
- Creative Financing: Offers involving seller financing or "subject to" existing mortgages. These can get a higher price but carry more risk.