"Cash buyers only"?

[Bienes Raices]

When you see this in the short sale description, is it because the house has some problem that will prevent buyers from getting a mortgage?

[J Scott]

Originally posted by Mike B:

I think it means the opposite. They know its a good deal and considering there is no shortage of cash buyers in Florida they want a closing they know will happen and not fall through due to a buyer not qualifying for financing.

I'm going to disagree with this. Most short sale sellers are motivated to sell, and aren't going to limit their pool of buyers by requiring cash transactions.

I'd say that the original conclusion is most likely correct -- the property probably needs some work, and won't pass FHA or conventional loan inspection requirements.