Reasons why owner would like to sell the property for cash only ?

[Vera Log]

Hi community, I have what might seem like a simple question. Let's suppose a person is willing to sell a property that needs significant repair, but he is willing to sell for cash only. What might be the reasons for this and why wouldn't this person be interested in "mortgage buyer"?

What problems/issues might be associated with such a cash purchase for the buyer. They buyer has enough funds to buy with cash but is slightly alarmed that the seller is only looking to sell for cash. Thank you.