Deposit on a cash offer?

[Bob Romano]

I am about to make a cash offer for a SFH, my realtor insist that I still have to put at least 10% down ( he wants 20%) I said " why do i have to put anything down when we will be closing in 10 days on an all cash deal of $215k ? He insist you still have to put something down to show Im serious.

Is this normal? 

[Wayne Brooks]

@Bob Romano Well, there is the disconnect. Borrowing money from Any kind of lender is not a Cash offer, it is Financed offer. A cash offer means You already have the cash, in Your name in an account somewhere. Educated sellers, and agents, will also ask for a POF with a "cash" offer documenting You have yhe cash already in Your name.