About Orange County Short Sales these days
As we are entering the Spring season ( our best real estate one), we’ve seen that many properties get multiple offers on them. Remember how years ago, it was the one buyer offering the highest bid the one that would get the one? What about a couple of years ago, when the expression ‘cash is king’ was the biggest fear for any buyer competing on a home? With the many short sales we see these days, is the cash offer the strongest one? Or is it the highest? Apparently none.
Cash is Not king!
While it is true that an all cash offer is definitely a strong one, this might not be the best one for the seller’s interest to choose in a short sale. Given, short sales these days tend to be more organized and the lenders…
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