Is there a cash discount?
A client asked me a fairly common question and it seemed like a good topic for a blog. The question was how much discount should he expect for a cash offer in the current market?
I looked at one of my common searches that includes the MedicalCity area plus Saint Cloud and picked sales in the past 6 months. There have been 1783 of them.
713 Sales were All Cash and the median ratio between asking and selling price was 98.3%.
1070 were other than All Cash and the ratio was 99.3%.
I also looked at REO’s only and in both cases the median ratio was 100.0%
So, is there a discount for cash? No, there is not.
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