House on MLS Changing Price Daily and wanting Cash Only Offers

[Jack Barkow]

Hey BP,

I got set up with an agent and am getting all new houses on the market in my target areas with target specs sent to me as they come up.  I've noticed a 4-unit property that has been reducing its price by $100 each day.  I'm assuming so that it will get repeat visibility due to price changes.  The listing also specifically mentions that the seller wants cash offers only.  This 4-unit has recently been fixed up based on the pictures and I'm assuming has no tenants at the moment.  Currently listed over 100k.

My questions are.  Why would someone care about cash offers only?  Why wouldn't they take financed money since its all the same to them.

What is the reasoning behind the constant small price reductions or is it exactly what I assumed above.

Thanks!