In hot markets...multiple offer areas. Would a offer that has a super quick close, & all cash(like 5 days) get the deal done ahead of offers that may be slightly higher? Have you had success doing it?

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Mike Rock, Granite Bay Luxury New Construction...For Less (Complete Design)

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Rainmaker
3,986,308

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

Sometimes it does...but not always. Some like the higher sales price

Jul 22, 2015 12:11 PM

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Mike Rock

Granite Bay, CA

Rainmaker
7,863,636

Roy Kelley

Retired - Gaithersburg, MD

Many factors come into play when there is multiple contract competion.

Having confidence in the agent and the loan officer are major considerations.

Jul 22, 2015 10:36 AM

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Mike Rock

Granite Bay, CA

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Carol Williams

Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA

Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

As with almost all subjects, the answer is "It depends". It depends on the sellers motivation, how much of a price difference, what the other terms and conditions of the offer are, etc., etc., etc.

Jul 22, 2015 10:35 AM

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Mike Rock

Granite Bay, CA

Rainmaker
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Cindy Davis

SD Home Source Realty - San Diego, CA

You can't generalize. It all depends on the seller. It also depends upon what the 'cash price' is. I've found that most cash buyers want a signficiant discount.

Jul 22, 2015 09:32 AM

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Mike Rock

Granite Bay, CA

Rainer
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Danuta Fedycki

Century21 - Folsom, CA

It depends on the seller and buyers motivation. In most cases cash buyers want a significiant discount. No one wants to looose money (in this case the seller).

Jul 26, 2015 04:26 AM

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Rainmaker
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Richard Weeks

Dallas, TX

REALTOR®, Broker

It depends on the sellers situation. A five day close may not work for them.

Jul 22, 2015 09:16 PM

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Rainmaker
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FN LN

Toronto, ON

In the case of multiple offers, many buyers submit clean offers.

Jul 22, 2015 06:01 PM

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Rainmaker
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Inna Ivchenko

Barcode Properties - Encino, CA

Realtor® • GRI • HAFA • PSC Calabasas CA

It depends on Sellers motivation. It is important to try to find out what they would value. Sometimes it is a rent back or longer escrow.

Last week I wrote similar offer: full price, all cash, short escrow, no contingencies. We lost, and I knew we would since in that case seller went for ''highest and best'' not necessary shortest of about 15 offers, and I knew that some offers we way over.

Jul 22, 2015 05:25 PM

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Rainer
140,560

Richard L. McKinney P.A.

Atlantic Shores Realty Expertise - Port St Lucie, FL

For Results that MOVE you on the Treasure Coast!

It really depends on how much lower the cash offer is when compared to the financing offer. Most sellers will give a slight discount for cash. However, when in a sellers market and with values rising as they are here in Florida, sellers are holding firm in a lot of cases.

To give more insight to your question, take a close look at the real difference between a cash offer and well qualified conventional financed offer in which both deals are closing within 30 days.

In each case the buyer or buyers lender will wire the funds into the closing agents account and the seller will get paid. As long as the buyer has made a complete application with a lender and provided the sellers agent with a letter as to that pre-approval, I can't see a seller discounting a property too much for a cash offer. Especially in the current market.

Jul 22, 2015 01:36 PM

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Sometimes it does...but not always. Some like the higher sales price
Many factors come into play when there is multiple contract competion.

Having confidence in the agent and the loan officer are major considerations.
As with almost all subjects, the answer is "It depends". It depends on the sellers motivation, how much of a price difference, what the other terms and conditions of the offer are, etc., etc., etc.
You can't generalize. It all depends on the seller. It also depends upon what the 'cash price' is. I've found that most cash buyers want a signficiant discount.
It depends on the seller and buyers motivation. In most cases cash buyers want a significiant discount. No one wants to looose money (in this case the seller).
It depends on the sellers situation. A five day close may not work for them.
In the case of multiple offers, many buyers submit clean offers.
It depends on Sellers motivation. It is important to try to find out what they would value. Sometimes it is a rent back or longer escrow.

Last week I wrote similar offer: full price, all cash, short escrow, no contingencies. We lost, and I knew we would since in that case seller went for ''highest and best'' not necessary shortest of about 15 offers, and I knew that some offers we way over.
It really depends on how much lower the cash offer is when compared to the financing offer. Most sellers will give a slight discount for cash. However, when in a sellers market and with values rising as they are here in Florida, sellers are holding firm in a lot of cases.

To give more insight to your question, take a close look at the real difference between a cash offer and well qualified conventional financed offer in which both deals are closing within 30 days.

In each case the buyer or buyers lender will wire the funds into the closing agents account and the seller will get paid. As long as the buyer has made a complete application with a lender and provided the sellers agent with a letter as to that pre-approval, I can't see a seller discounting a property too much for a cash offer. Especially in the current market.