Zillow Advice: Home Buying - Is there any reason a short-sale seller only wants cash? http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ Zillow Advice | Zillow Real Estate Caroline's post is good. ... http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ Caroline's post is good. However, if the selling agent/bank can't give you the reason for "cash only" it would be wise to have the house professinally inspected. Then you will know what <u>all</u> the issue are not just what the seller tells you. There maybe more than meets the eye. Fri, 09 Mar 2012 16:41:00 GMT http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ 2012-03-09T16:41:00Z Lower end it is easier to ... http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ Lower end it is easier to conduct in cash. &nbsp;When you go to mom &amp; pop shop how often you have not heard NO credit card under $xxxxx.00<br/><br/>Same analogy.<br/><br/>Sam Shueh<br/>Realtor<br/><em>[website deleted by Zillow moderator. Please see our Good Neighbor Policy]</em> Fri, 09 Mar 2012 06:12:00 GMT http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ 2012-03-09T06:12:00Z Yes, a lot of cash offer ... http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ Yes, a lot of cash offer requests happen if the property condition isn't up to scratch for financing.&nbsp; Is this home a fixer?&nbsp; It may not easily qualify for financing.&nbsp; I would have my agent speak to the seller's side to find out exactly what their concern is regarding financed offers.&nbsp; That way, you'll have your answer and won't waste your time if the property can't be financed at all.&nbsp; Best of luck, Caroline Tue, 30 Aug 2011 17:50:00 GMT http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ 2011-08-30T17:50:00Z Whatever the reason, timing ... http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ Whatever the reason, timing etc. you are dealing with a questionable home that most want to stay away. &nbsp;Earth quake, foundation settling issues in Milpitas are also troublesome. Lenders may not approve unless all defects are repaired. Tue, 30 Aug 2011 16:40:00 GMT http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ 2011-08-30T16:40:00Z My understanding is a short ... http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ My understanding is a short sale seller may not receive money from the transaction. The current lender approves the sale and dictates terms.<br/><br/>Happy funding, Rudi Fri, 27 May 2011 23:22:00 GMT http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ 2011-05-27T23:22:00Z We contacted the seller's ... http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ We contacted the seller's real estate agent directly and asked him why they were only accepting cash. It turns out there is water damage under the house and they wanted cash to avoid bank inspections.<br/><br/>Thank you so much for all your input and advice. Thu, 26 May 2011 21:14:00 GMT http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ 2011-05-26T21:14:00Z It's not common but can happen ... http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ <p>It's not common but can happen for different reasons.&nbsp; If the home is close to auction sale then there may not be time for buyer financing.&nbsp; The listing agent will usually&nbsp;tell your agent&nbsp;of this situation prior to your submitting the offer.&nbsp; Another reason may be the condition of the home is such that there is disrepair or some type of litigation is involved and financing is therefore an issue, especially if FHA or VA financing is involved.&nbsp; It's very difficult to say for sure what is your independent situation there.&nbsp; What does your agent say the reason is ?&nbsp; I'm sure that if the lien holder wants only cash to complete the short sale, they have a reason that can (or possibly should)&nbsp;be expressed to you.</p> Thu, 26 May 2011 18:46:00 GMT http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ 2011-05-26T18:46:00Z It's not normal but it does ... http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ It's not normal but it does happen.&nbsp; I have a couple of short sales in Los Angeles whereby a cash offer is needed because of encroachment issues and 1 water meter that is being used&nbsp;by 2 separate properties.&nbsp; Also sometimes when&nbsp;negotiating a short sale that's in the Auction-Trustee Sale stage and you can't seem to meet the Negotiator's closing date, you may need a cash offer to make it work because the Negotiator may tell you close by the closing date or the property will go to sale.&nbsp; So therefore a cash offer would help expedite things.<br/><br/>Thanks for your inquiry. Thu, 26 May 2011 17:33:00 GMT http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ 2011-05-26T17:33:00Z Normal, no. But the seller ... http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ Normal, no. But the seller can ask for anything they want.&nbsp; They might have been burned before with financing falling through, and felt that if it was an all cash offer that it had a better chance of going through than an offer that needed financing might. Only the seller knows for sure, but that would be my guess. Thu, 26 May 2011 12:30:00 GMT http://www.zillow.com/advice-thread/Is-there-any-reason-a-short-sale-seller-only-wants-cash/400556/ 2011-05-26T12:30:00Z