[quote=UCGal]I assume you mean what a “typical” owner occupant would offer. All cash offers don’t necessarily mean insanity. It just means someone is trying to take advantage of the system at hand. For all you know these buyers may have borrowed cash from friends/family/401ks etc to be able to make a cash offer for less than you would have, and intend to finance it after the fact. I don’t think you can assume they are investors or flippers. Or insane. In fact getting 10k or more off the price sounds rational to me.[/quote]
To put it in perspective, I’m talking about 15K off 320K, which is roughly 5 percent.
With discounts like that, I think I’m justified in questioning whether banks/servicers are making reasonable efforts to mitigate their own losses and those of MBS investors.
Either that, or I wish I had friends with 300K+ sitting around.
