better deals for all cash buyers?

I was high bidder in a 'best and final offer' situation on a coop back in June - ultimately went to a cash buyer who paid 8% less than my bid. Take that for what it's worth

DreamBee: Without knowing who your competition is, there's no way to be sure whether your strong cash position will matter. In general, it probably helps less with a condo than a coop, unless there's a building-wide issue that makes financing difficult to obtain.

The seller doesn't really care how much you finance; he gets cash at the closing regardless. What he cares about is your ability to close.

cash is king, especially these days. Yes, ***in general***, people take less for a no-brainer transaction - more so if the unit has been on the market longer.

aaah that all really helps a lot! Thank you so so much for all your input!!!

it seems like the person who really wins out is the realtor who has to put less time into the transaction. the seller receives the same amount in the end as would receive if buyer came with a loan. makes me wonder if there are any realtors who give rebates to cash buyers?

"makes me wonder if there are any realtors who give rebates to cash buyers?"

LOLOL!

You'd have a better chance of finding an attorney who'll give you a rebate for paying cash.

So now I am wondering do you think I could buy a condo without a realtor then?

Why would the source of financing have any effect on my need to max out my bubble profit? You know what. I want more money. I'll list in another two years..... Now when you earn enough money you can come talk to me.

i dont think you can get much of a deal

there're lots of drug cartels, weapon dealers, neighborhood big brothers, community activists, that can pay off any mansion with cash. the competition is red hot

freebird, the seller must be in rush assuming your financials are strong. I understand 1-2 percent discount for cash but I would think most people will wait for a strong non-cash buyer.

most people, that want to sell their apartment, are not going to wait around for a strong buyer... something about a bird in hand...

Craigslist
You wanna buy my pos 150k mile 1985 911?

Don't call if you don't have your wife's permission!
Don't call if you need a bank loan!
No tire kickers!

w67 'i don't know what's funnier the underwater desperate seller making demands on potential buyers for the porsche or Mercer stating 'stronger non cash buyer'.

That's like a non desperate 45 yo single girl looking for a husband.

I love SE. It like a window into the financial minds imbeciles.

Will wait for a strong buyer ? What buyer is stronger than a cash buyer ? You mean a less "informed" buyer :) Smart sellers know what's the right price to unload. At the end of the day, each case is different. I am still seeing unreasonable expectation from sellers.

w67, by stung non-cash buyer I mean the person who you know will clearly qualify for a mortgage (or pre-qualified) as they have liquid assets > 65-75% of the apartment value and have a good steady income. You only take 8% cash discount as if you think it -8% is within a 2-3% of the fair market value or you think it is hard to get financing for your building.

As gcondo said, cash buyer = bird in a hand. "Strong" leveraged, as in someone needing a mortgage, buyer = risk the deal falls through!

The 2012 all cash buyer...what could that be about?
In a coop situation, with rates being what they are what motivation would someone have to make an all cash buy? Poor credit, cash rich would wash-out in any financial coop review. As far as "easy transaction" is concerned, who would consider a buyer's offer w/o some sort of acurate snap-shot of their finances. I guess that there are some super cash richie rich who hates finance. It's not so easy to buy in this town with unreported income.

falcogold1, all cash buyer can put in a very aggressive bid. For coops, it doesn't apply but for condos, you have foreign buyers with lots of cash. It's one reason why NYC RE has held up while the rest of the country imploded. Cash buyer, as you said, doesn't care about rates. They care about price while leveraged buyers care about rate, i.e., the monthly carry, not price. Who are the smarter buyers ?