Math, science, writing & reading activities.Our activities & worksheets can make learning fun.

Back to Results

Tools

Partner Tools


Does it make a difference if the offer is all cash. No finance?

Profile picture for VegasMax
close Profile picture for VegasMax

VegasMax

Contributions: 1

View full profile

  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

October 02 - Las Vegas
RSS

Answers (8)

Profile picture for song san
close Profile picture for song san

Song San, "song san"

Real Estate Agent
Contributions: 65
Zillow All-Star

Since October 2009

View full profile

  I had a great discussion with my networking group yesterday about this topic. As a buyer making an all-cash offer would put you in the top of the list because the transaction could be completed faster and skip the headaches from the bank loan process.

  As Nealadler recommend, as a buyer be very careful of offering all-cash. I known people who cashed out from their 401K and life insurance to get the money to put down the all-cash offer.

  I am in the process of buying my own home and many times beat off the all-cash offers because I usually offer 100% listed price, 30-40% down, and great FICO. All the sellers care is that they would get the most from me instead of the lower cash offer.
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

October 19
Profile picture for Christina.C21
close Profile picture for Christina.C21

Christina Morabito, "Christina.C21"

Real Estate Agent

View my 1 listings
Contributions: 26
Zillow All-Star

Since October 2009

View full profile

Cash is King in this market as well.
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

October 19
Profile picture for nealadler
close Profile picture for nealadler

nealadler

Real Estate Agent

View my 6 listings
Contributions: 175
Zillow All-Star

Since October 2009

View full profile

Cash offers are always attractive to the seller.  However, as an agent listing foreclosures I get 'lowball' cash offers all the time and buyer's agents wonder why the offer isn't taken.  The bottom line is what is going to net the seller the most.  If I have a cash offer that's 10% less then the listed price and I have a full price offer with a 20% down buyer, great credit scores, and a full underwritten loan approval I'd take the financed deal.  Each situation is different.  However if the cash offer is a few percent less than the financed deal, the cash offer may be better.  On the other hand as a buyer I wouldn't recommend paying all cash unless you have a lot of money or the property is not in condition conducive to getting financing.
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

October 18
Profile picture for Bellingham Expert
close Profile picture for Bellingham Expert

Anne Cantrell, "Bellingham Expert"

Real Estate Agent

View my 9 listings
Contributions: 75
Zillow All-Star

Since October 2009

View full profile

There is a premium advantage with a cash offer.  Of course you lose that aadvantage if all the competing offers are also cash.  Generally speaking, Sellers will concede to a lower price for an all cash transaction.  With a conventional financing contingency, there are many challenges to complete the transaction such as underwriting snags, appraisal problems, and  timing issues.  Every market is different, but in most markets, an all cash offer could garner 10% discount over conventional offer.  That's a wide sweep answer , but if you have a more specific question, we could zero in on more detail  .  I hope that helps. 
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

October 18
Profile picture for CulverCityRealtor
close Profile picture for CulverCityRealtor

CulverCityRealtor

Real Estate Agent

View my 1 listings
Contributions: 207

View full profile

Cash is King in this market
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

October 18
Profile picture for Las Vegas agent
close Profile picture for Las Vegas agent

Frank Becerra, "Las Vegas agent"

Real Estate Agent

View my 8 listings
Contributions: 116

View full profile

Cash offers take priority over financing unless you are in competition with others and they think they can get more from a financed. If you are looking at homes under 100,000 40% are cash so there isn't much advantage, and if you are looking at homes below 40, they are all cash, no advantage.
read this blog before you offer.
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

October 18
Profile picture for SoCalRealPro
close Profile picture for SoCalRealPro

Greg Cook, "SoCalRealPro"

Real Estate Agent
Contributions: 81
Zillow All-Star

Since August 2009

View full profile

Depends on the terms of the offer. Generally cash offers are given priority because they close and the seller doesn't have to worry about the buyer qualifying for financing. Many homebuyers who need financing also ask the seller to pay part of their closing costs, in a cash sale that is probably not an issue.
If you are offering substantially below asking price, it could be rejected or approved based on what the seller will net.
Good Luck!
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

October 02
Profile picture for wetdawgs
close Profile picture for wetdawgs

wetdawgs

Contributions: 4116
Zillow All-Star

Since January 2009

View full profile

If the offer is all cash and one has competitors, it may mean yours is the accepted offer.  it doesn't make a difference for price.  The buyer will have lower closing costs.
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

October 02
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion

 
Active Las Vegas Real Estate Agents
Subscribe via RSS
  1. Profile picture for Shapiro and Sher Shapiro and Sher
    84 listings
    Local Expert
  2. Profile picture for Jackie Bustios Jackie Bustios
    29 listings
    Local Expert
  3. Profile picture for merriperry Merri Perry
    28 listings
    Local Expert
  4. Profile picture for Ellen Fahr ELLEN & CHARLIE FAHR
    23 listings
    Local Expert
  5. Profile picture for mikecarlucci Mike Carlucci
    11 listings
    Local Expert

See more Las Vegas real estate agents

Related Questions
Profile picture for space_acer
Question Is it legal for listing agents to stack bids?
  • Latest answer by space_acer
  • November 20
Profile picture for wetdawgs
Question How often do you update the aerial maps and property data?
  • Latest answer by wetdawgs
  • October 24
Profile picture for Song San
Question Does it make a difference if the offer is all cash. No finance?
  • Latest answer by Song San
  • October 19
Profile picture for asugradinwa
Question I like a house thats listed as a short sale..does the list price tell what the bank will take?
  • Latest answer by asugradinwa
  • September 03
Profile picture for Heather Peck
Question is there a way i can use my va loan with a credit score of less than 620?
  • Latest answer by Heather Peck
  • August 31
Related Articles about Buying Process
Guide Real Estate Buyer's Closing Costs
Guide List of Closing Costs and Fees
Guide You've Opened Escrow
Guide Home Buying One Step at a Time
Guide A Buyer's Guide to Making the Right Choice
Current Last Week
Need a Mortgage?

Zillow Mortgage Marketplace

  • Competitive rates
  • Accurate, custom quotes
  • Thousands of lenders

... and, it's free and anonymous

Get instant mortgage quotes
Estimated purchase price Current mortgage balance Desired loan amount
98104

Learn about Zillow Mortgage Marketplace

Zillow Poll:
Suggested by 25Pillows
How would you remodel your current house?
Next poll
Suggest a poll
Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

© 2006-2008 Zillow.com, All Rights Reserved

pageName