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In Housing - CASH RULES

Details: Category: Home Improvement; Published on Sunday, 12 February 2012 11:07; Hits: 69

In Today's Topsy-Turvy Housing Market, CASH RULES

Article by: JIM BUCHTA , Star Tribune • Updated: February 11, 2012 - 2:43 PM

Financing uncertainties make those cash offers alluring, but sellers often must settle for less money to guarantee a deal. When Chris and Diane Finney decided to buy a bank-owned condo in St. Paul, they knew there would be competition.

Their strategy? Offer less -- but offer cash. While others said they would pay more, they