Cash in hand is always a good position to bargain from when it comes to making a real estate purchase or any purchase for that matter. Most contracts to purchase a house include a mortgage clause making it contingent on the ability of the buyer to get a mortgage. Bank mortgage terms include satisfactory borrower credit, employment and enough cash for closing costs plus a bank mortgage is also conditioned on a satisfactory appraisal report stating that the property is worth the money. Sellers will get all cash from a real estate transaction when their buyer successfully procures a mortgage. However, with all of the conditions and terms of a bank mortgage, it is not uncommon to have problems with in the mortgage process some of which can be resolved quickly, others can be painstakingly long and other might simply cause the mortgage to be rejected and then the deal falls apart. So "cash in hand" eliminates that very significant step and sometimes deadly step of the buying and selling process. As they say ..Cash is King ..when it comes to buying real estate. The buyer with cash in hand will have very very strong hand to negotiate with and huge advantage over any buyer with a mortgage contingency. I am available to represent your interest in a purchase and can be reached at 518-858-4447.
Best of luck,