There is an old saying "cash is king" and in real estate it often rings true. But cash doesn't always mean your offer is going to be accepted. Why?
It's simple really. You can't offer cash at 75% of market value and expect a seller to be ready to drop everything and sign on the bottom line. Even though a cash deal may come without the hoops a financed deal may have it doesn't mean the home is less valuable than the comps are.
In fact a lower cash deal can hurt everyone else in a neighborhood who is trying to sell their home. Certainly each seller's circumstance is different and their are those may jump on a lower cash offer just to be done with the deal. However don't be surprised if a seller accepts a higher offer with a financing contingency.
Cash is not always king and in a sellers market it's just one of many offers they may see on their home.
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