I had an interesting call yesterday from an alleged client who wanted to know if he could move in immediately to a home if he paid cash. I questioned him some and told him that some stars would have to align in order to do this, but it is possible.
- If it’s cash, the available has to be confirmed with a bank or other financial institution.
- If it’s a cashiers check, the check has to be confirmed as being legitimate (not counterfeited) by the bank or whoever issued the cashiers check.
- The seller has to agree to accept the terms of the contract, including the occupancy date.
- The buyer must understand that he/she is accepting the house in as-is condition by taking possession.
- The buyer must understand that no other contingency will be allowed should he take possession (no appraisal, no “wife approval”, no nothing).
- The buyer must expect the agent to be accompanied by another agent when viewing the property because this just doesn’t happen… it sounds too good to be true.
In the end, the buyer never showed up for the appointment. I am okay with that because how hurried he was gave me that “I’m about to be scammed” feeling. Trust your gut.
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