Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Sherman Oaks and other L.A. areas too. General news and musings as well.
Monday, August 20, 2012
Cash offers are the kings of L.A. real estate. Alas, offers with loans are only princes.
Again, cash trumps loans in my world. A client made an excellent purchase offer with 20% down on a home, only to see the house go to somebody else who is paying cash. Apparently, that was the only difference between the two offers. Sigh. Take heart, buyers -- this will end someday.