Are You The All Cash Buyer?

The other day, I showed this property...perfect neighborhood, fantastic price, (bank owned) and potential!  There was one big problem, water damage.  I emailed these pictures to one of my favorite lenders and she said this damage could make it difficult to obtain a home loan. (If a buyer purchases this property with a loan, the damage might need to be fixed before escrow can close.)  Perhaps this home is the perfect property for an all cash buyer, one who is up for some work and doesn't have to worry about an appraisal or loan.  (Remember, you might be pre-approved to buy a house, but the house also needs to be approved too!)