Is All Cash King in Manhattan New York?
Manhattan New York Real Estate Market is currently very active and busy, when a property is in a desirable neighborhood, well priced and properly marketed, we are seeing many buyers showing up at open houses, appointments, making offers, and signing contracts. This is a good sign for both sellers and buyers because Manhattan New York Real Estate market is a mature market to invest and keep in mind.
As Manhattan NY condo specialists, we often work with many foreign and out of town buyers that are looking for the right condo to buy in Manhattan New York. Other than educating each buyer about the Manhattan New York neighborhoods, housing products and purchase process, we also like to set the right expectation so the buyers knows that they are in for a good competition.
Many of the buyers we work with are 'All Cash' and no mortgage needed. With that being said, this DOES NOT mean the buyer will out-bid the other buyers simply because they are cash. In this international market place, 8 out of 10 buyers we are working with are all cash.
In many popular Manhattan New York neighborhoods where there are less housing inventory than the buyer, for every good property, there are more than 6 buyers looking at the condo. IF you are a buyer, and you are all cash, this does NOT guarantee you a 'deep discount' nor 'winning the bid', what it will guarantee you is that you will be able to 'get your bid in' and if the offer is realistic and fair market, then it will be considered.
At the same time, we know how to negotiate and get OUR ALL CASH BUYERS best deal possible in today's market whether is in Price or Terms. Our years of experiences can position your All Cash offer in favorable position ahead of other offers.
Work with a team that have experiences working with all cash buyers. If you are an all cash buyer that are looking to work with experienced and knowledgeable Real Estate agents here in Manhattan New York. Contact us at (917)837-8869 to discuss your preferences in private.