All Cash VS Conventional Financing

2 Replies

Please forgive me for not knowing or fully understanding, but what is the not obvious difference between an all cash offer VS a buyer with a loan from a bank? Isn't the sellers end goal being met either way?

Thanks in advance for your time and knowledge.

Which would you prefer, as a seller?

If I came to you and told you that I'm going to pay your asking price, in cash, and that I'm going to waive inspection and appraisal contingencies.  Oh and I'm not bringing a realtor to table and I don't need help with closing. 

VS

My realtor putting in an offer to you for 10% less than asking with home inspection, termite inspection and appraisal contingencies. Oh and I'll also need 1,000's of dollars back at closing because I'm broke. Oh and after the inspection I'll hand you a 5 page list of light bulbs changes and weekend honey-do's to complete. Finally, after the appraisal comes back I'll ask you to come down 1,000's of dollars in asking price because some appraiser that lives in a trailer hates success.

Cash offers with only survey and title contingencies can/may close much quicker and are much less painless.

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