The way I see it there are already two seperate cash or finance, residential markets available to average people. A large one of properties banks will lend on and a small one where they will not.
My perception is that properties that a bank won’t lend on are 1/3 to 2/3 cheaper than similiar comps taken simultaneously of properties that banks will lend on.Of course they come with something to remedy or live with that caused banks not to want to lend on it. Sometimes that something is not that big of a deal, in the eye of the beholder or course.
I don’t see that cash affects sales price too much in contrast to the extent that a property is very “desirable” and suitable for financing.
