Oceanside 92056 and all cash

[dk64]

Is an all cash offer more likely to get a house than one that is financed?
What are the chances of low balling some offers on houses that are listed at 350k and offering 60k below, does anybody know?

[Bugs]

Your cash will buy a lot more house a year from now.

[Bugs]

Your cash will buy a lot more house a year from now.

[Bugs]

Your cash will buy a lot more house a year from now.

[Bugs]

Your cash will buy a lot more house a year from now.

[Bugs]

Your cash will buy a lot more house a year from now.

[EconProf]

BobS
Not only will all-cash offers often trump higher offers with financing, they can get you spectacular deals from desparate-to-sell owners, including REOs.
In 1997 I bought a Normal Heights 2-bedroom 1926 bungalow with a rotten foundation for $46,5OO. Had to pay cash since lenders would not lend on it to me or anyone else. Sold it 4 years later for $256k after collecting rent (to a contractor–I never did fix the foundation).
In today’s environment with lenders even more skittish, cash will rule.
The discount you are suggesting is way too modest. Offer $100 off and hold to it. You will get this property or another one like it eventually.

[EconProf]

BobS
Not only will all-cash offers often trump higher offers with financing, they can get you spectacular deals from desparate-to-sell owners, including REOs.
In 1997 I bought a Normal Heights 2-bedroom 1926 bungalow with a rotten foundation for $46,5OO. Had to pay cash since lenders would not lend on it to me or anyone else. Sold it 4 years later for $256k after collecting rent (to a contractor–I never did fix the foundation).
In today’s environment with lenders even more skittish, cash will rule.
The discount you are suggesting is way too modest. Offer $100 off and hold to it. You will get this property or another one like it eventually.

[EconProf]

BobS
Not only will all-cash offers often trump higher offers with financing, they can get you spectacular deals from desparate-to-sell owners, including REOs.
In 1997 I bought a Normal Heights 2-bedroom 1926 bungalow with a rotten foundation for $46,5OO. Had to pay cash since lenders would not lend on it to me or anyone else. Sold it 4 years later for $256k after collecting rent (to a contractor–I never did fix the foundation).
In today’s environment with lenders even more skittish, cash will rule.
The discount you are suggesting is way too modest. Offer $100 off and hold to it. You will get this property or another one like it eventually.

[EconProf]

BobS
Not only will all-cash offers often trump higher offers with financing, they can get you spectacular deals from desparate-to-sell owners, including REOs.
In 1997 I bought a Normal Heights 2-bedroom 1926 bungalow with a rotten foundation for $46,5OO. Had to pay cash since lenders would not lend on it to me or anyone else. Sold it 4 years later for $256k after collecting rent (to a contractor–I never did fix the foundation).
In today’s environment with lenders even more skittish, cash will rule.
The discount you are suggesting is way too modest. Offer $100 off and hold to it. You will get this property or another one like it eventually.

[EconProf]

BobS
Not only will all-cash offers often trump higher offers with financing, they can get you spectacular deals from desparate-to-sell owners, including REOs.
In 1997 I bought a Normal Heights 2-bedroom 1926 bungalow with a rotten foundation for $46,5OO. Had to pay cash since lenders would not lend on it to me or anyone else. Sold it 4 years later for $256k after collecting rent (to a contractor–I never did fix the foundation).
In today’s environment with lenders even more skittish, cash will rule.
The discount you are suggesting is way too modest. Offer $100 off and hold to it. You will get this property or another one like it eventually.

[Eugene]

It’s all the same for the seller IMHO. The only situation where a cash offer might hold extra weight is when there are doubts that you can get a loan on that house (e.g. it’s a fixer-upper with structural defects). Mortgage preapproval letter should be as good as cash.

In todays market it is not wise to put more money down than you must.

[Eugene]

It’s all the same for the seller IMHO. The only situation where a cash offer might hold extra weight is when there are doubts that you can get a loan on that house (e.g. it’s a fixer-upper with structural defects). Mortgage preapproval letter should be as good as cash.

In todays market it is not wise to put more money down than you must.

[Eugene]

It’s all the same for the seller IMHO. The only situation where a cash offer might hold extra weight is when there are doubts that you can get a loan on that house (e.g. it’s a fixer-upper with structural defects). Mortgage preapproval letter should be as good as cash.

In todays market it is not wise to put more money down than you must.

[Eugene]

It’s all the same for the seller IMHO. The only situation where a cash offer might hold extra weight is when there are doubts that you can get a loan on that house (e.g. it’s a fixer-upper with structural defects). Mortgage preapproval letter should be as good as cash.

In todays market it is not wise to put more money down than you must.

[Author]

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