In My Neighborhood in 95355>Question Details

Noel, Home Buyer in Texas

I want to know what is cash price for the house if I want to pay cash? house 3212 Province Towne Court, Modesto CA 95355

Asked by Noel, Texas Thu Jun 23, 2011

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Answers

6
The cash price is EXACTLY the same as the financed price. To the seller, it will ALL be cash at the closing table.

A cash offer allows you to changes the terms and conditions of your offer such as:
Quick close
No appraisal
No pre-conditions
No inspection contingency
These options can have a material value to the seller, depending on their situation. Since the 'real' seller in a short sale is the bank/investor, your offer can be presented in economic terms that will have persuasion..

If you don't want the house, go ahead and place a CASH offer that is 60% of fair market value...CASH! Then you will realize what I'm talking about. Statistically,in Florida, short sales are sold at 15% less than traditional sales....after waiting 6 to 48 months to close....and only 30% actually close as a short sale. (and they are over 80% cash purchases.)


Best of Success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor
727.420.4041
http://RealEstataeMadeEZ.us
0 votes Thank Flag Link Mon Nov 5, 2012
Hi Noel,

Have your Realtor do a Comparative Market Analysis (CMA) on the property using Sold comps within a 1 mile radius of the property (the closer, the better) that have sold within the last 3 months. This will give you market value of the property. Use this as the basis for your offer. An all cash offer will be more desirable than a financed offer to the seller but other factors will be in play too (such as length of escrow, etc.).

Good luck.

Shanna Rogers
SR Realty
http://www.RealtyBySR.com
0 votes Thank Flag Link Thu Jun 23, 2011
I can be your broker a try to negotiate a better price. Call me at 415-683-6950
Web Reference: http://fredglick.com
0 votes Thank Flag Link Thu Jun 23, 2011
Noel,

Are you asking if the price of a given house will be different (i.e., "less") if
you pay cash than if you obtained a Mortgage? In most cases, that won't be true
-- from the Sellers' perspective, on the day of the Closing, it is all "cash".
On the other hand, if you and another prospective buyer offer the same price for a given
house, the buyer paying cash may have an advantage over the buyer obtaining a mortgage.

Was that what your question was?

Good luck,

Marilyn
0 votes Thank Flag Link Thu Jun 23, 2011
Hello Noel

This House is currently Listed as a Short Sale for $249,900. The status shows as "Active Short Sale Contingent", if you do not know this term feel free to call me at 209.204.3963 and we can discuss this term and house.

Thank you

Indalecio "Andy" Del Real
Re/Max Executive
http://www.AndyDelReal.com
209-204-3963
Web Reference: http://www.AndyDelReal.com
0 votes Thank Flag Link Thu Jun 23, 2011
In order to determine a value, review comps with your agent, recently sold similar properties in the immediate area, see what the data suggests and go from there....
0 votes Thank Flag Link Thu Jun 23, 2011
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