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02-21-2004, 11:30 PM
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#1 |
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Confirmed User
Join Date: Apr 2003
Posts: 175
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What's the typical discount if you pay cash for real estate?
Let's say a house is going for $150,000. What's the "typical" discount if you pay cash? There may not be hard and fast rules as each seller is different but a general idea is all I'm looking for.
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How you doin'? |
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02-21-2004, 11:32 PM
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#2 |
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Confirmed User
Industry Role:
Join Date: Apr 2003
Location: Quebec Calisse
Posts: 4,716
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nothing
you know people that accept anything other than csah for a real estate ? you save on your mortgage, cause you will not have to pay interest for it :P cause you will not have to got one :P |
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02-21-2004, 11:37 PM
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#3 |
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Confirmed User
Join Date: Oct 2001
Location: KB's trailer
Posts: 7,840
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None. The seller will get his $ up front from a mortage company, so it does not matter.
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02-21-2004, 11:38 PM
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#4 |
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Meow Media Inc.
Industry Role:
Join Date: Jul 2001
Location: In the valley of the sun, cactus, tacos, tequila, and nod
Posts: 7,785
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0%
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02-21-2004, 11:48 PM
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#5 |
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Retired
Industry Role:
Join Date: Dec 2002
Posts: 21,257
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the seller may take some off because you can pay faster since you have cash and not have to wait for a mortgage to go thru, but there is no rule about it
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2 lifeguards for Jessica |
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02-22-2004, 12:14 AM
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#6 |
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Confirmed User
Join Date: Jun 2002
Location: My Coffin
Posts: 1,227
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Zip... In fact if the seller is offering financing and really wants an annuity (lower taxs) you may have to pay more.
Hugs, Danielle |
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02-22-2004, 12:15 AM
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#7 |
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Bad Mo-Fo
Industry Role:
Join Date: Jul 2001
Location: Seattle, WA
Posts: 2,772
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Yeah, the only time you get a discount for cash is when time is the issue ie. forclosure, taxes, and so on.
Plus they will most likely want proof that you have cash... |
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02-22-2004, 12:16 AM
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#8 |
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Die With Your Boots On
Join Date: Oct 2003
Location: Hawaii
Posts: 22,872
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Not a dime with a agency, but if you're dealing with a private seller then you might be able to sway him with a cash payment. Not likely though.
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