Buying Next Home All Cash: How do Agents Perceive this?

[Samantha M.]

Hey Everyone,

We are looking to buy a new home right now, as in a home to live in not investment property, in Cash. My question is do you listing agents perceive this in a positive or negative light, and since its all cash, are you more willing to go below the listing price than in a traditional deal with financing?

Pro: You guys get cash all in one day, quick close, no financing contingencies

Con: No financing, banks don't earn money because no interest since no financing

Being able to offer cash up front, and close quicker than most people (as long as inspection looks ok!) be a benefit in your book? Would you be willing to accept offers lower than listing price with an all cash offer?

Thanks!

[J Scott]

You're asking about how a listing agent views the offer, but it's not the listing agent who makes the decision -- it's the seller's decision.

I imagine most sellers are willing to discount the price of the house in return for a quick close with few contingencies. How much of a discount will depend on the house and the seller, but I'll generally give a 5-10% discount for cash.