[quote=CA renter]Under normal circumstances, I’d agree with you about the cash offers, but that’s not the case in today’s market. There is an abundant supply of cash buyers out there, according to newspaper reports, realtors, and based on our own experience. It’s to the point that cash buyers cannot really get much of a discount.[/quote]
That’s hard to believe since I’m seeing the opposite occurring. But I don’t have data to back up what I’m seeing, other than fixer closing MUCH lower than a comparable turn key home minus the cost of upgrades. I see that A LOT. But it’s anecdotal.
[quote=CA renter]In the transactions we were involved with, we didn’t care if it was a cash buyer or not, as long as they had 20% down; the final price was all that mattered…and that includes sales we made when the credit market was absolutely frozen. Now, it’s even easier.[/quote]
Did you turn down a higher offer with less than 20% down? You
