what does a cash sale mean?

Asked by Marilyn Boyles, Parkersburg, WV Wed Jan 4, 2012

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Alice Keife, Agent, Parkersburg, WV
Wed Jan 4, 2012
A cash sale means there is no financing. Usually it is because a property will not qualify for financing for because it does not meet the criteria for a loan. Distressed properties and many forclosures are cash sales for that reason.
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Leigh Bryant, Agent, Charlotte, NC
Wed Jan 4, 2012
Cash sales typically close quick because there is no lender to work with, no funds to procure, no loan documents to sign. Buyer has enough liquid cash to close. It's faster, simpler, with no financing contingencies. No mortgage! A seller typically would love to see a cash sale - means less hurdles and higher chance to get to closing table.
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Anna M Brocco, Agent, Williston Park, NY
Wed Jan 4, 2012
A cash sale is just that, there is no financing involved....
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Carol Perdew, Agent, Manteca, CA
Wed Jan 4, 2012
Hello Marilyn,

Some properties that are listed indicate they will only accept a cash sale. This requirement is usually because the property is poor condition or has a condition that will prevent financing. A cash sale is when there is no financing and the buyer brings in cash to close the sale.

Carol Perdew
Prudential California Realty
(209) 239-7979
DRE 985176
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Terry Connol…, Agent, Parkersburg, WV
Wed Jan 4, 2012
The buyer has the cash for the purchase price and no loan is needed from a lender.
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Shanna Rogers, Agent, Murrieta, CA
Wed Jan 4, 2012
Hi Marilyn,

It means the sale was paid for with ALL cash. No financing/loan is or was used.

Shanna Rogers
SR Realty
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