You seem to be asking a lot of questions about all cash offers. We have 2 clients who purchase all cash, the "discount" is not what you think. What it allows is a fair market price with a quick close after investigations are complete, no appraisal and peace of mind for the seller because there is no loan involved.
The key phrase in what we said is fair market value. Not full market value perhaps, but a fair price for the property based on condition and comps. There are so many all cash purchasers today that buyers and sellers agents are more savvy in how to handle this type of transaction.
The real answer to your question is a sales price is based on what the market will bear.
Best of luck,
Mark & Kari Shea
Shea Real Estate
Home Sales Specialists; New and Resale Homes
Property Valuation Specialists
Land Sales, Acquisitions & Consulting
Serving Greater San Diego
Thanks for your reply. The Oak property has been listed for 126 days
The other property is HUD home awaiting Exclusive period on 11 Aug 2012
Can you send a CMA and your best CASH offer to these two properties?
I have sold many 1 bedroom condos for under $100k cash to investors like yourself. They usually offer between 96 - 104% of the list price, depending on condition and other offers.
Give me a call if you want specific information for any of the properties you mentioned.
Broker Associate Lic. #01884050
Ascent Real Estate, Inc.
Good afternoon, I'd be happy to help out. What you would want to do first is contact a real estate agent like myself to go over the units you are interested in and review recent sales. The current active listings, pending sales and recent sales will generally give you an idea of what certain units are selling for.
Keller Williams Realty - San Diego