Do you get a better price on a house if you can buy the house with no mortgage?

Asked by Janecny, Manning, SC Thu Jan 24, 2013

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Ron Thomas, Agent, Fresno, CA
Thu Jan 24, 2013
Some people tout that CASH is KING:
But, when all is said and done, and the Escrow closes, everyone has their money; think about it.
Cash makes for a stronger offer; less likely to fail.

We are in a Buyer/Seller Market, and most houses, (affordable houses) sell for about MARKET VALUE.
If you were selling, would you take a lower offer just because they were offering cash? How much lower?
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If someone has a house that has been on the market for a long time, I'm sure that they would rather deal with a person that can write out a check, and not have to wait for a bank to approve a mortgage.Also, in today's economic, your credit score has to be almost perfect to get a mortgage
Flag Thu Jan 24, 2013
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