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Cash Discount?

Is there a cash discount?

December 2013

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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Mark LeMenager

Phone: 407-744-4759
Mark_LeMenager@yahoo.com

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Mark LeMenager | La Rosa Realty LLC | 407-744-4759 | Mark_LeMenager@yahoo.com
3373 Schoolhouse Rd. Harmony, FL 34773