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.

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