No finacing contingencies allowed?

[Jonathan Warner]

Hello. I'm perusing through some online listings for multifamily in my area. I noticed a triplex that seemed to have an interesting bit of information in the description.

"Only cash or cash equivalent contract considered. No contingencies for financing. Owner is a licensed real estate broker in the state of Alabama. Owner is acting as listing agent."

Why would an owner/listing agent make this stipulation? It just seems odd to me. Thanks in advance.