I can pay cash, but sellers and developers don't seem to care. Any reasons?
I recently closed on my Manhattan brownstone and can pay all cash for a full service, dog-friendly condo or coop in Brooklyn that is 1500+ sq ft with 3 bedrooms and 2 baths. I thought I would be offered a discount on the asking price because I don't have to wait for financing and can close quickly; however, sellers and developers do not seem to be interested in what I consider my prime buyer's profile. Any reasons for this cold shoulder when so many buyers need financing--and many may not be able to secure it?
Thanks for your thoughts.