How does the seller benefit in an all cash deal?

[Cody W.]

I've just listened to podcast 283 with Paul Thompson and he mentioned a scenario where he offered somewhere around 70% of listing price in cash to the seller because they wanted to buy an RV and travel the world. 

What is the benefit of this deal to the seller? I feel like if you could just wait a few weeks for the deal to go through the traditional financing route you'd end up much better. Is the convenience of a faster deal worth several tens of thousands?

[Dustin Beam]

Less time it takes to close, and less chance financing falls through. But I'm with you, I'd wait and take the risk of failed financing if it meant any significant amount of money.