Our rates are low, our application is quick and easy! We can get you clear to close in as little as 10 days!
NMLS ID # NMLS # 228246
William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.
Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.
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š§ How to Outbid Cash Buyers Without Overpaying šø (Smart Strategies for Homebuyers)
š Beat the Cash Buyers! Winning Offers Without Breaking the Bank š„
š§ How to Outbid Cash Buyers Without Overpaying
In todayās competitive housing market, cash buyers can feel like unbeatable opponentsāno financing delays, no appraisal contingencies, and fast closings. But hereās the truth: you CAN beat cash buyers without blowing your budgetāif you know how to play your cards right.
As a mortgage broker helping buyers across Houston and beyond, Iāve seen firsthand how financing clients can strategically structure offers that wināeven over all-cash competitors. Here's how:
Most buyers stop at a pre-qualification letter. If you want to compete with cash, you need a fully underwritten pre-approval. This shows sellers youāre just as serious and nearly as fast as a cash deal.
Cash buyers often win on speed. But brokers like us can work with lenders who close in as little as 10ā15 days, putting you nearly neck and neck with cash.
Instead of overpaying, add terms sellers love:
Ā· Waive minor contingencies
Ā· Offer a leaseback period
Ā· Increase your earnest money
Ā· Use an escalation clause with a cap
Some mortgage programs allow appraisal waivers based on automated underwriting systems. This removes a key obstacle and makes your offer less risky in the sellerās eyes.
Cash buyers donāt always have flexibilityāYOU do. With the right team (broker, agent, and lender), you can tailor your offer to each sellerās needs, whether thatās timing, repairs, or flexibility.
You donāt need to be rich to be competitive. You just need the right strategy, the right mortgage partner, and a bit of confidence.
Ready to outsmartānot outspendāthe competition? Letās win your dream home together.
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Ā© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy
Copyright ©2021 | Mortgage Viking Team
Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright Ā© 2021 | Medallion Funds
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014
Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/
Copyright ©2021 | Mortgage Viking Team Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014 https://medallionfunds.com/bill-rapp/
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