Spam prevention
Rainmaker
4,111,553
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

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.

Apr 08, 2019 04:08 AM
Rainmaker
894,075
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

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.

Apr 07, 2019 05:57 PM
Rainmaker
4,095,786
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It makes a difference. How much depends on a lot of different factors. 

Apr 07, 2019 07:38 PM
Ambassador
5,402,804
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Sometimes it does, every deal is unique.

Apr 07, 2019 06:17 PM
Rainmaker
1,897,619
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

In these parts it usually does Peter Mohylsky, SoWal Is HOME. 

Apr 07, 2019 06:08 PM
Rainmaker
4,038,074
Richard Weeks
Dallas, TX
REALTOR®, Broker

Cash may equal quick; however, not always king.

Apr 08, 2019 02:38 AM
Rainmaker
1,734,926
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

It depends on the motivation and urgency of the seller.

Apr 07, 2019 09:23 PM
Rainmaker
742,650
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

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. 

Apr 08, 2019 04:32 AM
Rainmaker
1,916,255
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Depends, some times yes.

Apr 07, 2019 08:10 PM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I like them a lot.

Apr 07, 2019 07:25 PM
Rainmaker
4,204,874
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I agree with Candice A. Donofrio . Money is money unless there are special circumstances where finincing won't work! 

Apr 08, 2019 04:15 AM
Rainmaker
468,799
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

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.

Apr 07, 2019 08:59 PM
Rainmaker
3,329,768
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

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. 

Apr 08, 2019 05:21 AM
Rainmaker
761,452
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

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. 

Apr 08, 2019 04:40 AM
Rainmaker
960,461
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

In certain situations it can.

Apr 07, 2019 11:33 PM
Rainmaker
1,525,305
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

It depends on how low the offer is, but I generally like cash offers.

Apr 07, 2019 06:44 PM
Rainmaker
6,599,923
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Sometimes.

Apr 07, 2019 05:59 PM
Rainmaker
990,645
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

In my book, Cash does not change value

Apr 08, 2019 07:54 AM
Rainer
154,156
Ken Jones, Commercial Real Estate
Kenneth J. Jones, Inc. - Toms River, NJ
Serving Central & Northern New Jersey Since 1971

Peter Mohylsky, SoWal Is HOME. As Candice A. Donofrio said, it depends on the property. Properties that are hard to finance, or during times of mortgage droughts (think 2009), cash IS king.

It also depends on the seller's situation.

Seller's who are trying to "beat the clock" on a pending foreclosure or some other hard deadline are VERY susceptible to accepting lower all-cash offers.

However, in an active market with many qualified buyers able to get financing and a seller that doesn't have a gun to his/her head, cash offers are usually viewed in no better light than are most offers that contain financing provisions.

Apr 08, 2019 06:47 AM
Rainmaker
577,189
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

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.

Apr 08, 2019 05:57 AM
Rainmaker
1,722,350
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

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.

Apr 08, 2019 05:24 AM
Ambassador
2,073,737
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

It all depends on the motivations of the seller. Sometimes cash is king, sometimes a financed offer is the better way to go.

Apr 08, 2019 05:16 AM
Rainmaker
684,215
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

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.

Apr 08, 2019 04:58 AM
Rainmaker
888,247
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

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.

 

Apr 08, 2019 04:24 AM
Rainmaker
710,004
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Not really.... cash or loan, at the end of the day, it's money.

Apr 08, 2019 07:46 AM
Rainmaker
5,581,412
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

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

Apr 08, 2019 07:28 AM
Rainmaker
1,386,568
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

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...

Apr 08, 2019 07:21 AM
Rainmaker
522,431
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

The seller gets the same green colored paper from a financed purchase as from a cash purchase

Apr 08, 2019 05:11 AM
Rainmaker
849,410
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Not usually. Net to seller is main concern.

Apr 08, 2019 04:46 AM
Rainmaker
453,052
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Always comes down to the motivation of the Seller, Every deal is a different story.

Apr 08, 2019 04:15 AM
Rainmaker
2,641,042
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

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

Apr 08, 2019 11:20 AM
Rainmaker
1,044,339
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

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.

Apr 08, 2019 10:54 AM
Ambassador
3,054,304
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

It does in the minds of those making the offer. 

Apr 08, 2019 09:00 AM
Rainmaker
1,153,275
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

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. 

Apr 08, 2019 08:16 AM
Rainmaker
910,046
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

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.

Apr 09, 2019 09:45 AM
Rainmaker
5,571,826
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

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....

Apr 08, 2019 12:20 PM
Rainmaker
821,317
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It can be, if that is the seller's motivation e.g. fewer potential snags, maybe quicker closing, etc.

Apr 08, 2019 11:25 AM
Rainmaker
4,935,194
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

If it will result in a quick closing, and saving a payment, maybe.

Apr 22, 2019 03:27 PM
Rainmaker
4,008,996
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I tell my people we can wait for a mortgage before giving up lots of their bottom line.

 

Apr 10, 2019 04:22 PM
Rainmaker
1,639,426
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Not really. Most sellers are wise to this negotiation ploy

Apr 10, 2019 08:24 AM
Ambassador
3,751,994
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 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 ...

Apr 09, 2019 06:57 AM
Rainmaker
1,228,059
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

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.

 

Apr 08, 2019 08:25 PM
Rainmaker
3,462,605
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Peter Mohylsky, SoWal Is HOME. it depends on the deal.

Apr 08, 2019 03:49 PM