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

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[quote=Anonymous][quote=Anonymous]Things that can happen:
-financing fall through
-income loss of buyer
-gift letter not hold up
-no deal is done until papers signed and money deposited so a quicker close from all cash limits exposure
-pointed out to me last week-on a new build an all cash close before cert of occupancy reduces cost of money for builder [had to figure out difference between a mortgage company kickback -"preferred lender"][/quote]

And also the house might not appraise, which would open the contract back up to negotiation if the buyers have an appraisal contingency. The seller would have to weigh the chances of that happening versus $35-$40K (5% of what's probably at least a $750,000 purchase price. And when sellers have a lot of financial information from the buyers, and the listing agent is in touch with the buyers' lender, the sellers can choose to take that small risk in this lending environment of going with an offer with a loan of $40K more.

What's most likely to happen is that the buyers with the higher offer with the loan will be encouraged to waive or shorten some contingencies, because their agent will be told that they are competing with a cash offer.[/quote]

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