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cash offers

Started by tpushbklyn
over 13 years ago
Posts: 137
Member since: Mar 2009
Discussion about
Just how much weight does a cash offer carry in this market? There are no statistics for such things, so it's purely speculation. Is it true that every seller has their pick of multiple all-cash bids, or is an all-cash buyer still at a select advantage when bidding? Are there a particular price ranges or situations (other than the obvious advantage in dealing with a co-op board) where cash carries more clout?
Response by greensdale
over 13 years ago
Posts: 3804
Member since: Sep 2012

And how much discount if the offer is in gold?
http://streeteasy.com/nyc/talk/discussion/25126-is-gold-money?last_page=true

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Response by tpushbklyn
over 13 years ago
Posts: 137
Member since: Mar 2009

greensdale - Probably less of a discount than prior to last week, as it's now going to be a heavier load to carry away.

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Response by nycfund
over 13 years ago
Posts: 74
Member since: Nov 2008

A bird in hand... Cash is king... However you want to say it. If that's not the case, it's either a greedy seller or a feeding frenzy of buyers. Why participate in either situation?

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