Profile picture for marisue50

Would paying cash help to get a home at a lower price?

I have the chance to pay cash for a home. Does that motivate the seller? 
  • November 21 2009 - US
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Answers (6)

cash is almost always king but if someone is a qaulified buyer with a pre aroval letter and is ready to sign its all the same to me... if i am not getting any offers and some cash buyer comes along i may be ready to deal.
  • November 21 2009
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Profile picture for The LaPeer Team
As tight as the mortgage industry has had to become, a cash offer can be gold. But I agree with the others in that it may not get you this incredible deal of a life time. There are just too many other factors to consider.
  • November 21 2009
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sometimes, yes. A cash offer, with proof of funds, and without an appraisal contingency has the least risk possible to a seller of the deal falling through.

So for some sellers, that will induce them to take a lower price.
  • November 21 2009
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When the seller walks away from the closing table he has a check in hand.  If the money came straight from the buyer and didn't have to go through the lender process the deal probably closed faster but it is still the same money.  A seller is not going to take a significant hit in price because a buyer can pay cash-it is just a lot easier and usually a more sure thing.  
  • November 21 2009
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Profile picture for wetdawgs
If your offer is among similar competing offers, it often motivates the seller to accept yours because you will not include a financing contingency nor request help with closing costs.   Therefore, it may allow the seller to accept an offer that is a couple percentage points less than a competing offer.

But, it won't be a substantial discount.


  • November 21 2009
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Generally speaking, yes. Because it is far more likely the transaction will close (less things to go wrong). However, the seller of a property may not take a lower price in many circumstances, particularly if what they owe is very near the sale price.
  • November 21 2009
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