Michael is right. When a listing states cash that could very well mean the home is not financeable. Lenders are pretty hesitant to lend you money these days on "fixer uppers" because they deem a lot of these homes unsafe and dont want to deal with potential liabilities

Does the location happen to be in Brown City? What a name. But Michael the broker gives a good answer. Like anything, call the lister with a question like that. Google map and look for satelite view. Zillow.com has good info also. Maybe there is a clue as to why cash only. We often hear buyers say "I have cash", and expect some kind of capitulation on price. But at the closing, all money is cash whether from a lender, a person or Aunt Tillie.

Melissa,

Usually the answer is no, you can still go ahead and get a mortgage. Occasionally, a property may be in such a condition the agent knows it is unfinanciable (meaning some really big problems with its condition usually) and may put cash as the only option.