Does submitting a true 'cash' offer give a big advantage to potential buyer?

[twingles]

It would have made a big difference to me when I sold but the all-cash offer we got was way too much of a lowball. If it had been like $10K less than the financed offers I might've done it instead of the ones needing a loan. Other than that, it just means not worrying that your buyer can qualify for their loan, which was bit of a worry for us.

[accufitgolf]

I say the less "sticky" the deal the better chance it will happen. Meaning the offer is based on us selling/closing our existing house....sticky. The offer is based on us getting a mortgage approval....sticky. The offer is based on the appraisal....sticky. We need closing cost help....sticky. We have cash... much less sticky.

As a seller, the bottom line money in my pocket will be the same but the more "stickies" there are, the less chance the deal will go down. In my last sale we got down to 3 offers. The bottom line least money in our pocket (by about $3K on a $180K sale) was a buyer with no house to sell, a corporate relocation, were in the area renting an apartment, had great credit rating, wanted their kids in school at the beginning of the school year, had bank pre-approval for more then the sale was going to be, etc. We went with that offer as it had "less stickies" then the other two.

Cash can eliminate "stickies" so cash can be good.

We did have several low ball (steal it) cash offers but we told them to stick their cash were the sun does not shine. Do not think a cash "insult" can carry the day.

[bigfatturkey]

If its cash offer minus appraisal contingency and not a lowball...I think it would be a very attractive option.

[dontaskwhy]

I subscribe to the old saying, "Money talks and BS walks". Cash offers are much more attractive to a seller in my opinion.