Some of the biggest business challenges we have dealt with this year are in the area of financing. It has become even more obvious to us that those buyers who do not need to get financing are in a much better position in negotiating a purchase in today’s climate. Lenders have tightened requirements as a result of the credit debacle (a good thing) but in doing so have impacted borrowers with plenty of assets and a stellar credit history. Consumers’ difficulty in securing financing has been a challenge in getting transactions done this year. Whether it is the extra time and documentation required by the lender or the multiple (and inconsistent) appraisals, as a buyer, one is in a much better position of leverage if one has cash. When buying without conventional financing, one can still have a condition that the property must appraise out at the purchase price. If you are interested in more information on purchase money or on re-financing please contact us as we have a number of excellent sources that have proven themselves that we can share with you. And the rates have never been lower.