Competing offers have subsided from record-high levels, but they're still common in Dane County's fast-moving real estate market. 

One way you can compete more effectively as a buyer is to write a "cash offer", or in other words an offer without a financing contingency. There are 2 key concepts to remember when you write your cash offer: 

1) Once you cash offer is accepted, you can still choose to close with a mortgage if you wish.

2)  You do need to provide the seller documented "proof of funds" as part of your cash offer. 

What are some common sources of funds that can be used for a cash offer?

Here are 3 different sources that you might consider: 

1) A letter from your banker or statements from your financial accounts. 

2) Verification of funds available from a home equity line of credit. 

3) Verification of funds available from a personal line of credit. 

Of course we are not giving you legal advice, and every client and every offer is unique. But we always recommend working with a savvy buyer agent and a solution-oriented lender to help you write your best offer. 

Reach out when you're ready to start planning for your future. It would be our pleasure to assist you.