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Updated over 10 years ago on . Most recent reply

User Stats

60
Posts
23
Votes
J.j. McGuigan
  • Real Estate Investor
  • Wichita, KS
23
Votes |
60
Posts

Advantages of paying cash to sellers

J.j. McGuigan
  • Real Estate Investor
  • Wichita, KS
Posted

Hello, 

I have a question regarding telling sellers about the advantages of selling the house or unit for cash.  I think homeowners are willing to go down in price once they know you have a cash buyer (list) if it's about a 5% - 15% decrease.  But when you're asking for a 30%- 50% decrease for cash are there any potential bonuses for the seller in taking cash.  I know it varies from situation to situation but in general are there any specifics like concerning tax advantages, convenience, or anything like that that could be talking points I could use in trying to wholesale?  thanks!!

Most Popular Reply

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28,217
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19,257
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,257
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28,217
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied

to a seller a cash offer is better than a financed offer because there is no chance the funds will not be there. Home should close in at least half the time & No bank appraisal to deal with either.

If your trying to wholesale the property do you have your own cash to close if you don't find an end buyer? If not your offer is actually far weaker than any financed offer. Your offer isn't really an offer at all.

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