Asked by Perry-lynn, New York, NY • Tue Nov 25, 2008
My husband and I recently sold our brownstone in Manhattan and want to buy a Brooklyn condo or co-op in an all cash deal, but sellers and developers are not impressed. We both thought that our not needing financing in today's market and having a quick turn around time would be attractive to sellers. Can anyone enlighten us as to why this is not the case? It used to be that all cash meant something, including seller eagerness and even a buyer's discount. Please explain, if you can, why the attitude about all cash is so different today.
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