Reply to What does "all cash" mean?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most times there is zero advantage to it. Not sure why people talk about it so much.

If you have offers both presented without contingencies go with the highest offer. Cash or not.

Even if the appraisal comes in low, without an appraisal contingency there is no difference. [/quote]

+1 the seller always gets all cash. They don't care if it's from the back or from you. [/quote]

While I agree with you -- my realtor seems to think the cash offers win more often and that I am at a disadvantage.[/quote]

sellers do care. but also cash offers tend to win more often because they inherently come with fewer contingencies. if you have an offer with a 5% deposit, no financing contingency, no appraisal contingency, and no inspection contingency, and a 10-day close with a 30-day rentback, and another offer with a 1% deposit, a 45-day close, with an appraisal contingency and a 90% loan... what do you think the seller is going to prefer? [/quote]

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