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Updated over 14 years ago on . Most recent reply

Mary R.'s profile image
Mary R.'s profile image
Mary R.
  • Investor
  • from Tucson, Arizona
  • Member since May 24, 2009
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171
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27
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Mary R.'s profile image
Mary R.'s profile image
Mary R.
  • Investor
  • from Tucson, Arizona
  • Member since May 24, 2009
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Mary R.
  • Investor
  • Tucson, AZ
27
Votes |
171
Posts
Buying & Selling Real Estate

cash vs financing

Mary R.
  • Investor
  • Tucson, AZ
Posted

Why is a cash offer preferred by a seller than a financed offer? The seller gets money at closing, whether from the buyers pocket, or the lender. Help me understand why it makes a difference.
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Account Closed's profile image
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Account Closed
  • Investor
  • from Monclova, Ohio
  • Member since Feb 23, 2010
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Account Closed's profile image
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Account Closed
  • Investor
  • from Monclova, Ohio
  • Member since Feb 23, 2010
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Account Closed
  • Investor
  • Monclova, OH
14
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19
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Account Closed
  • Investor
  • Monclova, OH
Replied

With a cash offer the closing is more than likely going to close. When you have a financed offer there is a chance that maybe the property will not appraise high enough. There are many more ways for a fianced deal to fall through. Cash is king!

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