Posted by boogeyman on February 09, 2002 at 17:22:19:
The question isn’t money, it’s time! It takes quite a bit more time, usually 30+ days to close a bank financed deal. Someone who has cash can usually close in a matter of days. I imagine some sellers wouldn’t mind, but a truly motivated seller with time constraints would jump on the cash offer.
Oh yeah, not to mention that sometimes a situation could occur with a lender that would force someone to not be able to close a deal. Usually don’t have those types of issues when a buyer has cash!!
Cash is king!