All Cash Deal? Why doe it matter.

[Michael Upshur]

I just spoke to a broker in regards to a property and he stated that it needed to be an "All cash deal".

Aren't all deals basically all cash to the broker and seller, unless I am asking for seller financing.

What does it matter to them were it comes from?

Curious.....

[Chris Mason]

It's the agents way of saying that there is something so screwed up with the house that no institutional lender will lend on it, or the seller is motivated primarily by speed.

Regardless, you will want an inspection to look for this screwed up thing and solid estimates for repair cost. Can't 100% take the listing agent at face value if she claims that it's purely a speed thing and that the home is in perfect condition.