If paying cash for a home, should I ask for the sale price be reduced and if so, how much

Asked by William Newsome , Lancaster, TX Fri Aug 3, 2012

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Shanna Rogers, Agent, Murrieta, CA
Fri Aug 3, 2012
Hi Big Pimpin,

You should only lower your purchase price if the property is overpriced. 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 current market price. This is what you should base your offer on - not on list price or type of financing used.

Shanna Rogers
SR Realty
2 votes
Zyre Sullivan, Agent, Grand Prairie, TX
Fri Dec 18, 2015
Many sellers will consider accepting an all cash offer that was slightly under asking price so that they will not have to worry about the possibility of financing not going through. How much they will consider would depend on the market conditions in the area such as comparable sales prices and days on the market.
0 votes
Ereka Jones, Agent, Richardson, TX
Wed Feb 4, 2015
Hi There

Have a Realtor run Comps or Recent sales in the area to arrive at a Sales price.
0 votes
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