Are there any real "cash" buyers in Massachusetts??

[Robert Johnson]

Hi,

Recently I acquired a few properties in Massachusetts but noticed that many of the potential investors would come to me saying they need 21 days to close on a property. I too am a wholesaler and investor but even the cash investors I know can close in less than 7 days, even when their money's held in the bank. The reason I'm posing this question is because I have a deal in the South Shore of Massachusetts (Weymouth) that needs "real cash" to close. Here's a snapshot of the numbers:

Type of Property: Fixxer-Upper and/or Tear-Down

Purchase Type: Cash Purchase ****Required****

Asking Price: $329,000 (MLS ID 71853716)

After Repair Value: $425,000 - $450,000

Closing: Must close on or before August 31st, 2015

Deposit Required: Yes (Non-Refundable)

***Please Note*** there is SOME  wiggle room on the asking price

If you know someone who's a real cash buyer and can close in 7 days or less, please respond to this posting!!

: ) 

[Shaun Reilly]

Why do you need someone to close with cash in 7 days?

In your description you said they have 52 days from now, someone could get a full on bank loan with that much time.

As a side note when you try to drum up a false sense of urgency in a listing with the "all offers to be reviewed the Monday after the Open House" stuff you should erase that when nobody bites.  Being 3 weeks later it says to me that there is NO urgency to make an offer.

As a 2nd note just looking at the numbers it doesn't look like much of a deal, the fact it has been listed for 39 days confirms that in my mind without really needing to vet out the numbers.  You aren't likely to find an investor that would put $330K (+repairs) cash from the bank into this.  You need to find a home buyer that will fall in love with the view and not really care what they pay for the place.