Cash Offers on Short Sales

[Harry Metzinger]

In my limited experience, it seems that many banks value cash offers on REO properties. In other words, a bank will accept a cash offer that is at a lesser amount than a financed offer. I am curious in your experience, is the same true for short sales, or do banks value cash and financed offers equally? Any other words of wisdom for anyone who has successfully purchased a short sale w/ a cash offer?

[Wayne Brooks]

Cash makes little difference, compared to a properly preapproved buyer.  The owner/listing agent should be more concerned about it.