Cash is King in King County
Brazen Sotheby’s International Realty’s finest, Omar Senghore was featured in the June (volume 8, issue 6) issue of Realty Trac’s Foreclosure News Report. This highly touted newsletter sought out Omar Senghore for his expert knowledge when working with buyers in combination with his intimate exposure to the competitive Seattle real estate market. Making offers week-in and week-out for his clients, the majority of whom are investors, has made Omar privy to what is necessary to win for his clients… Cash.
If you are not cash, you should expect to waive contingincies that are normally put in place to lower the risk for buyers and help protect their earnest money. According to Senghore, cash buyers can be more attractive than other buyers even if they are not the highest offer. “The average price for an all-cash purchase in the Seattle metro area in the first quarter was on average 92 percent of the estimated full market value of the property being purchased — compared to 97 percent of full market value for non-cash sale,” Omar Senghore.
It is a seller’s market in our area and if anyone knows how to help buyers prevail it is Omar Senghore. Call Omar today for expert real estate advice on procuring your next home or investment property 206.683.5030!
Read the full June Foreclosure News Report here: