Home Buying in Cleveland>Question Details

Dawn, Both Buyer and Seller in 12567

If I offer to buy this house payable in cash, can I or should I expect a price reduction?

Asked by Dawn, 12567 Thu Jan 29, 2009

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This question is about this property: http://www.trulia.com/property/1061658977-Single-Family-Home…

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5
If you also can close quick and won't ask for repairs, then yes. Cash alone doesn't get you that much of a discount, but if you add in those two benefits - quick close - and no repairs, then sometimes you can get a big discount.
0 votes Thank Flag Link Fri Oct 3, 2014
Sure. We would at 406 Jordan Avenue.
0 votes Thank Flag Link Fri Oct 3, 2014
Dawn,

When buyers talk cash......sellers generally listen. I wouldn't consider it a discount but befinitely adjust your offer price downward.....remembering to keep it real. Insulting the seller with a rediculous offer will accomplish nothing...other than losing this opportunity.

Good luck
0 votes Thank Flag Link Thu Jan 29, 2009
Margaret-
Thank you for your prompt answer! I also have several listings saved for 'stick and stone' homes- the question here then is the same but I should have added that I want to close ASAP as I am under a crunch to get a home purchased in Texas before I return to NY and finish packing. Seeing how I have the cash and want a fast process on the sale, if a house is listed in the 80s, would it be unreasonable to see if the seller would be willing to part with it a tad cheaper? Also, a straight bank transfer of funds is doable, correct? Thank you kindly once again for your quick response and I hope you have a wonderful evening!
0 votes Thank Flag Link Thu Jan 29, 2009
Dawn,
Usually the only way to finance a Mobile or Manufactured home is FHA and there are certain restrictions.
Therefore you may have an advantage as a cash buyer.
If this were a bricks and sticks home it would only make a difference of inspection and days to close to the seller as your lender would pay them in cash or cashiers check anyway. But I would say here it is an advantage but get a good agent to protect you.
Margaret
0 votes Thank Flag Link Thu Jan 29, 2009
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