Cash Buyer

Think working with a cash buyer is easy? We received proof of funds. Hundreds of thousands of dollars available in her account. When closing time comes, the Sellers, sellers Realtor and attorney, the closing agent and the Attorneys paralegal have all worked on this closing and are in attendance. But the buyer did not show up. She is busy, has kids to pick up. Can't make it today. Bla bla bla.

After several threatining phone calls to the buyers real estate agent, he calls back to say he doesn't know what is going on, because he hasn't done anything since he showed her the home.  (Side Note..... this is why you want a dependable Realtor like us, who are there for you when there are problems to solve).

The sellers attorney calls the buyers attorney. What is going on? Buyers attorney said her funds are not available today. So he doesn't come to the closing and doesn't let anyone else know about this.

Day 2: Buyer shows up and signs the closing documents but still has no funds available. Sellers attorney calls the buyers attorney. We need to know the truth here. What is going on? The sellers don't know if they should move out or stay. Buyers attorney says he is going to Chase bank with her client tomorrow (Day 3) to see why the funds are not available.

Day 3 (Noon) Still have not heard anything. Makes you wonder how people can be like this. No concern for anyone but themselves. How do you put sellers through something like this without caring?

Lesson learned. Now we as Realtors have seen just about everything. Cash buyers will now need quadruple the usual earnest money if they are cash and want to buy one of our clients homes. Enough is enough!