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Househunters are making cash offers on properties despite needing to borrow most of the money to buy it, in a tactic that risks hefty penalties.

Pelican Press

By Pelican Press,
in World News

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Househunters are making cash offers on properties despite needing to borrow most of the money to buy it, in a tactic that risks hefty penalties.

Househunters are making cash offers on properties despite needing to borrow most of the money to buy a place, in a growing tactic that risks hefty penalties.

Agents claim the potentially risky strategy — sometimes used by first home buyers — came as house hunters tried to make their offers as attractive as those made by cashed-up investors.



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#Househunters #making #cash #offers #properties #needing #borrow #money #buy #tactic #risks #hefty #penalties

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