5,364,568
I don't think it does. It might get your offer accepted over others, but unless other fantastic terms come with the cash offer versus a highly qualified borrower with excellent terms, I don't see why it should buy a deep discount. Ultimately, it depends on the offer, the situation, the home, the seller's motivation.
-
John Juarez
Fremont, CA
-
Peter Testa
Danbury, CT
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Doug Dawes
Topsfield, MA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Michael Jacobs
Pasadena, CA
-
Gloria Valvasori, Accr...
Mississauga, ON
-
Lyn Sims
Schaumburg, IL
-
Bob "RealMan" Timm
Minot, ND
-
Carol Williams
Wenatchee, WA
-
Jeff Pearl
Lovettsville, VA
-
Brenda Mayette
Glenville, NY
-
Carla Freund
Raleigh, NC
-
Buzz Mackintosh
Frederick, MD
1,108,628
Depends on the property! If it's harder to finance, maybe cash might justify a lower deal. But if the property is not hard to finance, doesn't have huge condition issues and will appraise for the sale price then cash or financing is going to be the same to the seller.
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Gloria Valvasori, Accr...
Mississauga, ON
-
Lyn Sims
Schaumburg, IL
-
Carol Williams
Wenatchee, WA
-
Buzz Mackintosh
Frederick, MD
-
Nina Hollander, Broker
Charlotte, NC
-
Kat Palmiotti
Kalispell, MT
-
Richard Weeks
Dallas, TX
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
4,774,832
It makes a difference. How much depends on a lot of different factors.
-
John Juarez
Fremont, CA
-
Peter Testa
Danbury, CT
-
Doug Dawes
Topsfield, MA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Gloria Valvasori, Accr...
Mississauga, ON
-
Bob "RealMan" Timm
Minot, ND
-
Carol Williams
Wenatchee, WA
-
Buzz Mackintosh
Frederick, MD
-
Nina Hollander, Broker
Charlotte, NC
-
Richard Weeks
Dallas, TX
6,742,829
Sometimes it does, every deal is unique.
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Gloria Valvasori, Accr...
Mississauga, ON
-
Bob "RealMan" Timm
Minot, ND
-
Carol Williams
Wenatchee, WA
-
Buzz Mackintosh
Frederick, MD
-
Nina Hollander, Broker
Charlotte, NC
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Michael Jacobs
Pasadena, CA
2,548,176
In these parts it usually does Peter Mohylsky, SoWal Is HOME.
-
John Juarez
Fremont, CA
-
Peter Testa
Danbury, CT
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Doug Dawes
Topsfield, MA
-
Carol Williams
Wenatchee, WA
-
Buzz Mackintosh
Frederick, MD
-
Nina Hollander, Broker
Charlotte, NC
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
5,159,479
Cash may equal quick; however, not always king.
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Gloria Valvasori, Accr...
Mississauga, ON
-
Bob "RealMan" Timm
Minot, ND
-
Carol Williams
Wenatchee, WA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Buzz Mackintosh
Frederick, MD
-
Nina Hollander, Broker
Charlotte, NC
2,344,713
It depends on the motivation and urgency of the seller.
-
John Juarez
Fremont, CA
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Gloria Valvasori, Accr...
Mississauga, ON
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
-
Buzz Mackintosh
Frederick, MD
-
Nina Hollander, Broker
Charlotte, NC
944,290
Nope. Cash buyers want to think is does. Green is green whether it is cash or a mortgage. It might help them win in a multiple offer situation but, the offer still needs to be competitive. Also, from my experience, cash buyers are picky over inspection items.
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Michael Jacobs
Pasadena, CA
-
Lyn Sims
Schaumburg, IL
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
2,231,519
Depends, some times yes.
-
Peter Testa
Danbury, CT
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,713,581
I like them a lot.
-
Doug Dawes
Topsfield, MA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Bob "RealMan" Timm
Minot, ND
-
Carol Williams
Wenatchee, WA
-
Buzz Mackintosh
Frederick, MD
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,534,979
I agree with Candice A. Donofrio . Money is money unless there are special circumstances where finincing won't work!
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Carol Williams
Wenatchee, WA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Buzz Mackintosh
Frederick, MD
469,625
Hmmm. Too general.
What is "low"??
Cash typically can get at least some kind of discount but not always and as Candice A. Donofrio mentioned when there's no pushing the appraisal situation, good condition etc - it doesn't matter too much to the seller if the cash he receives comes from the buyer or the buyer's bank. So a cash buyer would be folly to think they are going to get huge discount in our market.
-
Doug Dawes
Topsfield, MA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
-
Nina Hollander, Broker
Charlotte, NC
3,417,356
It depends how bad the seller needs or wants to sell. I have sellers who will wait for top price. I have sellers that need to sell to beat the foreclosure man. I like to give my sellers the good, the bad and the ugly of cash sales.
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Lyn Sims
Schaumburg, IL
877,736
I say "no". It all becomes cash at closing. The time frame to close is shorter but typically not enough to justify a significantly low offer price. IMHO, there's more value for a seller in inspections being waived than taking cash in today's climate.
-
Doug Dawes
Topsfield, MA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Michael Jacobs
Pasadena, CA
-
Lyn Sims
Schaumburg, IL
-
Candice A. Donofrio
Fort Mohave, AZ
1,116,759
In certain situations it can.
-
Doug Dawes
Topsfield, MA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Carol Williams
Wenatchee, WA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
1,525,616
It depends on how low the offer is, but I generally like cash offers.
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Michael Jacobs
Pasadena, CA
8,210,716
Sometimes.
-
Doug Dawes
Topsfield, MA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
1,272,629
In my book, Cash does not change value
-
Peter Testa
Danbury, CT
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
577,950
There are many components in an offer the Seller has to consider. In addition to no conditions, the closing date can also be a big factor.
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
1,873,558
Gosh, discussed here all the time - cash does not justify 20% off. Most sellers will wait the 30-45 days to get the extra money. Think of that return?
Honestly, isn't it cash for the seller anway? 15 days for this way, 30 for that way.
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
2,189,354
It all depends on the motivations of the seller. Sometimes cash is king, sometimes a financed offer is the better way to go.
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
782,625
When all other factors being considered are equal Cash is most definitely King. When it's a lowball offer it isn't King, maybe it's the Jester then.
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
921,504
It ALL CASH at the closing table.
The benefit of CASH must be associated to solving another issue such as time, condition, encumbrance, privacy, things behind the curtain. fatigue, laundering or property/personality quirks.
It all cash at the closing table.
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
720,177
Not really.... cash or loan, at the end of the day, it's money.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
5,774,106
Peter,
It is another one of those "it depends" situations. It depends on the marketplace, the price of homes, the activity in the market (DOM). etc. A
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
1,544,604
It depends on all the terms and the subject property and it's history. There is something to be said for not having that loan or appraisal contingency though...
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
559,836
The seller gets the same green colored paper from a financed purchase as from a cash purchase
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
935,708
Not usually. Net to seller is main concern.
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
667,632
Always comes down to the motivation of the Seller, Every deal is a different story.
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
2,864,101
worthy subject to discuss...certainly the one wielding the c ash thinks they are king yet all transactions "cash" out if you will. Can we move quicker? Does it say they are serious...sure. But KING? Perhaps a duke or viceroy
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
1,045,965
Cash definitely has advantages but all cash offers can be beaten but savvy home buyers and buyer agents.
Often times I see those making cash offers use it as justification to under pay this is a huge mistake, as a solid well constructed offer can beat a cash offer I know this from experience on both sides of home sales.
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
3,441,595
It does in the minds of those making the offer.
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
1,267,193
Only substituting preapproval letter. More than half of my deals are done in cash and quick closing. The very high end(>4 m) are often done with cash as there is no tax advantage to get a mortgage.
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
1,468,070
Yes...if the circumstances line up.
We all know that a seller almost always gets cash in the end even if the buyer is not paying with cash. So when the question comes up about cash being king, my answer is also a question...How much cash?
If the property has been for sale an overly-long time a low-ball cash offer may be what they need to get the property sold.
-
Peter Testa
Danbury, CT
5,585,039
NO.... if the home is priced properly to appraise and the buyer is well qualified, a 95% loan is a better deal at full list price....
-
Bob "RealMan" Timm
Minot, ND
927,185
It can be, if that is the seller's motivation e.g. fewer potential snags, maybe quicker closing, etc.
-
Bob "RealMan" Timm
Minot, ND
6,040,890
5,258,401
I tell my people we can wait for a mortgage before giving up lots of their bottom line.
1,756,642
4,273,331
I have always felt that a mortgage loan turns into a cash offer at closing so I’m not going to give a cash discount unless they waive an appraisal also ...
1,632,527
Unless they have a suitcase full of $100's ...nope! It's all wired funds to the seller.
Cash is only king when and HOA is distressed or a seller is desperate.
4,398,949