what is an "all cash buyer" worth to selling price?

[Anonymous]

Cash is only attractive over financed offers if it is over, not under, asking.

[Anonymous]

Rather than wait for these answers, why not make the offer you want. The sooner you do it the less likely there will be multiple offers, so the seller might appreciate your offer and/or negotiate. If you wait and it becomes a multiple offer situation, everyone will be bidding high, and you will have to also,

[Anonymous]

I gets you the equivalent of maybe a month and a half rent.

[Anonymous]

what about a sack of gold bars?

[Anonymous]

OP here - thanks for all the replies - I can see that I was not being realistic and that will help when we put in an offer. As I understand the collective wisdom here, the all cash aspect of the offer will make our offer more attractive than similar offers contingent on financing, but wouldn't necessarily affect the price by more than a relatively minimal amount. Of course, this depends on the motivation and personal situation of the seller, who may be more incentivized if there is a big benefit to an earlier and more certain closing.

So, long and short, we will formulate an offer based nearly entirely on assessment of comps and the particulars of the house, and not on the structure of the offer.

Even if it's not the answer I was hoping for, thanks for all the input - forewarned is forearmed!

[Anonymous]

Anonymous wrote:OP here - thanks for all the replies - I can see that I was not being realistic and that will help when we put in an offer. As I understand the collective wisdom here, the all cash aspect of the offer will make our offer more attractive than similar offers contingent on financing, but wouldn't necessarily affect the price by more than a relatively minimal amount. Of course, this depends on the motivation and personal situation of the seller, who may be more incentivized if there is a big benefit to an earlier and more certain closing.

So, long and short, we will formulate an offer based nearly entirely on assessment of comps and the particulars of the house, and not on the structure of the offer.

Even if it's not the answer I was hoping for, thanks for all the input - forewarned is forearmed!

I would agree. I had an all cash offer years ago and luckily it was the same amount as the other offers so my decision was easy. I knew I could rent out the townhouse and I could afford both properties so for me there was no point in giving away the townhouse in a sellers market.

I do think you have a little extra boost because the seller knows there is a less chance of the deal falling thru so if I did have to accept less than asking because there were no full price offers, I wouldn't be sweating that it was just the start I.e. the first of many concessions and then the deal falls thru at the last minute due to financing.

Good luck.

[Anonymous]

I wouldn't give a discount. I don't care how you finance. I get the same amount from you or a bank.

[Anonymous]

I would ascribe little to no value to the all cash aspect unless I were a real estate agent looking for an easier close.

[Anonymous]

I bought a 320k prop w cash and sellers absolutely do not care unless there is damage to the property that will impede financing. Sorry.