The cash price is EXACTLY the same as the financed price. To the seller, it will ALL be cash at the closing table.
A cash offer allows you to changes the terms and conditions of your offer such as:
No inspection contingency
These options can have a material value to the seller, depending on their situation. Since the 'real' seller in a short sale is the bank/investor, your offer can be presented in economic terms that will have persuasion..
If you don't want the house, go ahead and place a CASH offer that is 60% of fair market value...CASH! Then you will realize what I'm talking about. Statistically,in Florida, short sales are sold at 15% less than traditional sales....after waiting 6 to 48 months to close....and only 30% actually close as a short sale. (and they are over 80% cash purchases.)
Best of Success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor