NOTE: YOU MUST REGISTER TO ATTEND THIS EVENT AT 9:00 A.M. ON JULY 6, 2021
About this episode:
With multiple buyers submitting offers on a listed property, sellers can afford to be choosy when evaluating offers. Offers that are not contingent on financing may appear more appealing to those sellers as these “cash offers” often appear to be more of a sure thing with fewer barriers to closing.
According to the preprinted terms of the WB-11 Residential Offer to Purchase, if a buyer does not make the buyer's offer contingent on obtaining a loan commitment, the If This Offer is Not Contingent on Financing Commitment section of the WB-11 is automatically included, and the offer is a so-called "cash offer." Join us to discuss the potential pros and cons of such "cash offers" from the buyer's and seller's points of view.
In this episode, you’ll learn about:
• So-called "cash offers"
• The "If This Offer is Not Contingent on Financing Commitment" provisions
• Proof of funds
• The Appraisal Contingency
Episode hosts: WRA attorneys Debbi Conrad and Tracy Rucka
This episode is part of the six-part "Being Competitive" miniseries of Legal Update Live.
About the "Being Competitive" miniseries:
Things move fast in a competitive market. In June and July, join the WRA Legal Team for discussions about transactional trends in the current market. This exciting and informative miniseries spans across episodes 13-18 of Legal Update Live and will address negotiation strategies, training tips and risk reduction.
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