Yes, I know that rates are low and we plan to finance, but I was wondering if there was any savings to be had for a cash offer? Could I get a lower price? --208.124.xx.xxx

Yes, buy it via cash then finance it. Cold hard cash works wonders. I know of houses that went to cash buyers for less than what non-cash buyers offered, even with pre-qual letters in hand. --65.12.xxx.xxx

That's an excellent idea. I'm ashamed to say that I didn't think of that. Who here has done that? --208.124.xx.xxx

With all cash, I would offer $70K on the house that listed for $140K. --76.18.xxx.xxx

Bought one cash for $19k that had another offer of $25k subject to financing. --141.129.x.xx

Ken - I recently did a cash purchase and got the house for much less than asking price or other offers. Seems there is at least a 9 month backlog of available homes around here and other offers had contingencies around getting financing or selling their existing home, etc... Cash offer was no strings attached other than title search and home inspection so we got it even though it was lower than other offers. It also helps if the house has been on the market for a while and the owners are getting nervous. --192.158.xx.x

--216.240.xx.xxx

If there is any deal to made at all...then cash with no contingencies is your only chance. If bank owned, they don't even consider financed deals.So even if it doesn't get you a better price- it gets you top spot above other offers. --66.189.xxx.xxx

It helps to have a good relationship with your own bank, so they will be willing to refi your new purchase. Excellent credit is a must. --168.7.xxx.xxx

I always buy with cash, then try to refi. The last one I got for 8k less than the other offer. I had cash and could close in days instead of weeks. Cash is King!!! --71.164.xxx.xxx

I've been able o buy with cash and after holding 6 months do a cash out refi based on 70% of the appraised value instead of purchase price. Assuming you are buying under market this is essentially a 0% down deal. --76.233.xxx.xx

Cash talks to a seller. --50.129.xxx.xxx

commercial loans are still obtainable. I buy with cash and once fixed up and the tenant moves I cash out re-fi. My banker is calling me wondering why I am not requesting a loan soon --108.80.xxx.xxx

I have a prequal letter from my bank and they know it's an investment. I also have the cash if necessary and if there is a real savings. --208.124.xx.xxx