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-   -   What's the typical discount if you pay cash for real estate? (https://gfy.com/showthread.php?t=240442)

Fappeddotcom 02-21-2004 11:30 PM

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.

skillfull 02-21-2004 11:32 PM

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

BradShaw 02-21-2004 11:37 PM

None. The seller will get his $ up front from a mortage company, so it does not matter.

PersianKitty 02-21-2004 11:38 PM

0%

Mr Pheer 02-21-2004 11:48 PM

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

Danielle 02-22-2004 12:14 AM

Zip... In fact if the seller is offering financing and really wants an annuity (lower taxs) you may have to pay more.

Hugs,
Danielle

HeadPimp 02-22-2004 12:15 AM

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...

Shoehorn! 02-22-2004 12:16 AM

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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