{"id":30179,"date":"2022-03-16T09:17:58","date_gmt":"2022-03-16T16:17:58","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=30179"},"modified":"2024-03-21T10:22:49","modified_gmt":"2024-03-21T17:22:49","slug":"agent-cash-offer-denver-house","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/agent-cash-offer-denver-house\/","title":{"rendered":"How HomeLight Cash Offer Helped a Denver Buyer Compete and Beat a Higher Contingent Offer"},"content":{"rendered":"<p>When real estate agent <a href=\"https:\/\/www.homelight.com\/agents\/carolyn-gdowski-co-fa100024805\">Carolyn Gdowski<\/a> started working with her client, Grant, she knew right away that he could be a strong buyer in Denver\u2019s competitive market.<\/p>\n<p>\u201cHe\u2019d relocated to Denver about a year prior for a job opportunity, and rented for some time to figure out exactly what he wanted in a purchase,\u201d Gdowski explains. \u201cI recognized his financial strength and knew that he would be a great fit for the HomeLight Cash Offer program.\u201d<\/p>\n<figure id=\"attachment_30183\" aria-describedby=\"caption-attachment-30183\" style=\"width: 700px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-denver-house-bed.png\" target=\"_blank\"><img decoding=\"async\" width=\"666\" height=\"381\" src=\"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-denver-house-bed-666x381.png\" class=\"attachment-content size-content\" alt=\"A room in a house that used HomeLight Cash Offer.\" srcset=\"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-denver-house-bed-666x381.png 666w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-denver-house-bed-64x37.png 64w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-denver-house-bed-128x73.png 128w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-denver-house-bed-192x110.png 192w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-denver-house-bed-432x247.png 432w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-denver-house-bed-500x286.png 500w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-denver-house-bed.png 700w\" sizes=\"(max-width: 666px) 100vw, 666px\" \/><\/a><figcaption id=\"caption-attachment-30183\" class=\"wp-caption-text\"><\/a> Source: (<a href=\"https:\/\/www.compass.com\/listing\/3155-lawrence-street-denver-co-80205\/959516998774790777\/\">Sean Galaviz, Great Place Real Estate Inc<\/a>)<\/figcaption><\/figure>\n<h2>Cash Offer gives your buyer confidence<\/h2>\n<p>As an agent with 14 years experience, Gdowski knows how much sellers love to see a cash offer.<\/p>\n<p>Buyers with a financing contingency may be serious and well-qualified, but until the tedious underwriting process is complete, a purchase offer based on loan approval isn\u2019t a sure thing.<\/p>\n<p>Cash, on the other hand? Sellers can count on it. And so can buyers once they have the power of cash in their own house-hunting toolbox. No surprise that Gdowski\u2019s client was on board as soon as she introduced him to <a href=\"https:\/\/www.homelight.com\/cash-offer\">HomeLight Cash Offer<\/a>.<\/p>\n<p>Since the program front-loads all qualifications and approvals \u2014 for both the buyer and their intended home \u2014 HomeLight Cash Offer swiftly removes the financing contingency and allows a client to become an all-cash buyer capable of a fast close.<\/p>\n<p>\u201cIt was a quick and smooth process, and Grant was just very excited to have this tool as he went to figure out how to buy a house in this Denver market,\u201d says Gdowski. \u201cWe looked at a few homes and Grant knew that if he liked any of them, he had such a better chance of getting the property. That gave him so much more confidence.\u201d<\/p>\n<h2>Cash Offer creates certainty after a plot twist<\/h2>\n<p>It didn\u2019t take long for Gdowski and her client to find a home that he loved.<\/p>\n<p>They wrote a strong cash offer but quickly learned that the seller was motivated by money rather than certainty.<\/p>\n<p>\u201cAnother offer came in that was higher, but it was a loan,\u201d says Gdowski. \u201cThe seller asked us if we could go higher. They loved the fact that we were cash, but they also wanted as much money as possible in their pocket.\u201d<\/p>\n<p>Gdowski\u2019s client ultimately said no, holding firm on his original cash offer.<\/p>\n<p>\u201cHe felt that there\u2019s a value to cash,\u201d says Gdowski, adding that offering more on the property also would have pushed it to a price beyond the value her client felt comfortable with. \u201cHe was fine paying some overvalue, but didn\u2019t want to go any further.\u201d<\/p>\n<p>The seller ended up accepting the higher offer that was contingent on financing, and the house went under contract.<\/p>\n<p>But a plot twist happened overnight. The competing buyer\u2019s lender wasn\u2019t aware of the HOA fees associated with the home, and the buyer no longer qualified for their intended purchase.<\/p>\n<p>\u201cThe listing agent called at 9:00 the next morning and said, \u2018The first buyer did not qualify and the seller would like to know if your buyer would like to go back in,\u2019\u201d Gdowski recalls.<\/p>\n<p>She quickly confirmed that the seller\u2019s interest was in Grant\u2019s original offer \u2014 <i>not<\/i> a higher price to match the offer from the contingent buyer \u2014 and her client was under contract later that same day.<\/p>\n<p>\u201cHomeLight Cash Offer gave us extra leverage, and it made the seller realize that the lower risk of a cash offer was actually what they were willing to take, as opposed to more money on a financed offer where there\u2019s more risk.\u201d<\/p>\n<figure id=\"attachment_30182\" aria-describedby=\"caption-attachment-30182\" style=\"width: 700px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/what-documents-do-i-need-for-taxes-if-i-sold-a-house-couple.png\" target=\"_blank\"><img decoding=\"async\" width=\"666\" height=\"381\" src=\"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/what-documents-do-i-need-for-taxes-if-i-sold-a-house-couple-666x381.png\" class=\"attachment-content size-content\" alt=\"A house in Denver that used HomeLight Cash Offer.\" srcset=\"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/what-documents-do-i-need-for-taxes-if-i-sold-a-house-couple-666x381.png 666w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/what-documents-do-i-need-for-taxes-if-i-sold-a-house-couple-64x37.png 64w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/what-documents-do-i-need-for-taxes-if-i-sold-a-house-couple-128x73.png 128w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/what-documents-do-i-need-for-taxes-if-i-sold-a-house-couple-192x110.png 192w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/what-documents-do-i-need-for-taxes-if-i-sold-a-house-couple-432x247.png 432w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/what-documents-do-i-need-for-taxes-if-i-sold-a-house-couple-500x286.png 500w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/what-documents-do-i-need-for-taxes-if-i-sold-a-house-couple.png 700w\" sizes=\"(max-width: 666px) 100vw, 666px\" \/><\/a><figcaption id=\"caption-attachment-30182\" class=\"wp-caption-text\"><\/a> Source: (<a href=\"https:\/\/www.compass.com\/listing\/3155-lawrence-street-denver-co-80205\/959516998774790777\/\">Sean Galaviz, Great Place Real Estate Inc<\/a>)<\/figcaption><\/figure>\n<h2>Cash Offer sweetens the deal with a fast close<\/h2>\n<p>Gdowski\u2019s client closed in just 21 days thanks to HomeLight Cash Offer.<\/p>\n<p>\u201cWe were able to facilitate an incredibly smooth close,\u201d says Gdowski. \u201cThere\u2019s credit to the buyer for being very efficient and having a great file, and credit to the HomeLight Cash Offer team who really managed the process beautifully to do what was best for Grant.\u201d<\/p>\n<p>Grant\u2019s purchase was Gdowski\u2019s first experience with HomeLight Cash Offer, but she definitely plans to use it as a resource for other clients.<\/p>\n<p>\u201cIt was very quick and smooth and worked well,\u201d says Gdowski. \u201cThey really looked out for Grant\u2019s best interest.<\/p>\n<p>\u201cThey did an incredible job.\u201d<\/p>\n<p><em>Header Image Source: (<a href=\"https:\/\/www.compass.com\/listing\/3155-lawrence-street-denver-co-80205\/959516998774790777\/\">Sean Galaviz, Great Place Real Estate Inc<\/a>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Her client didn\u2019t have the highest offer, but he did have cash and no contingencies. Denver real estate agent Carolyn Gdowski tells the story of how HomeLight Cash Offer helped her client compete and win against higher offers.<\/p>\n","protected":false},"author":140,"featured_media":30181,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[193],"tags":[],"class_list":["post-30179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-agents"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How HomeLight Cash Offer Helped a Denver Buyer Compete and Beat a Higher Contingent Offer<\/title>\n<meta name=\"description\" content=\"Her client didn\u2019t have the highest offer, but he did have cash and no contingencies. Denver real estate agent Carolyn Gdowski tells the story of how HomeLight Cash Offer helped her client compete and win against higher offers.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How HomeLight Cash Offer Helped a Denver Buyer Compete and Beat a Higher Contingent Offer\" \/>\n<meta property=\"og:description\" content=\"Her client didn\u2019t have the highest offer, but he did have cash and no contingencies. 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