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If you had that attitude in my market you'd either . . .
A) be looking for a property for a LONG time or
B) end up buying a property that no one else wants
It's been pretty rare that I've submitted an offer for a client in the last several years that there hasn't been multiple offers. Having been on the listing side of things plenty of times, I know it's actually happening because I see the offers. I put a property on the market a couple of weeks ago and got 6 offers in the first weekend.
On a side note, why do cash buyers always have such an attitude of entitlement? Even when I was a kid and I worked after school in retail I would encounter people who thought they deserved special treatment because they were paying in cash. It's not like I was working in some small Mom & Pop store either. These were big box stores where one guy paying in cash meant absolutely nothing when it came to the bottom line.
Because they can.
They can walk in and make a offer with NO contingencies. The seller knows he’s got a sure sale, no bs last minute loan, qualifying, more negotiations or buyer cold feet issues.
Once I know a price I always ask if there is a cash discount. And there usually is. If there isn’t i use a CC.
Most cash buyers still include the same inspection, well, and septic addendum contingencies as everyone else, the only contingency they wont have is financing. One less hurdle, maybe, but cash buyers will still have an out or two in case of cold feet or failed inspection or other discovery during the contract, or they're just foolish.
Many sellers, it makes little actual difference whether it's cash or financed. Only time a cash buyer is a REAL advantage is in homes that may not pass inspection or appraisal, or shorter possible timelines when that is desired by the seller (It isn't, always!)
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