What every Buyer needs to know about Short Sales - #4

Be sure your financing is in order - Lenders like cash offers. But even if you can’t pay all cash for a short-sale property, it’s important to show you are well qualified and your financing is set. If you’re preapproved, have a large down payment, and can close at any time, your offer will be viewed more favorably than that of a buyer who’s financing is less secure. FHA is the least desirable financing option when making an offer on a Short Sale