Posted by phil fernandez on April 29, 2000 at 19:30:17:
It’s hard to say if there would be a discount off of the asking price for an all cash offer. If the seller will not carry the financing and makes you go get your financing through a bank, then he will get all cash anyway.
Any discount would be dependent on the local real estate market and the motivation of your seller.
Could you pay a seller all cash and then refinance the cash back out. Answer is maybe. Many lenders today are looking for seasoning before they will consider a refinance on a particular property. I’ve often heard that you may have to hold the proeprty from six months to one year.