some cash deals make it subject to the appraisal meeting the sale price.... 

cash is king.... beyond the appraisal.... there's no credit issue or gov. guidelines to be followed....cash is king in my book.... 

Cash (and not just Johnny Cash) is King.  No appraisal and can close in as little as one day (I've had a 1 day close... title couldn't move that fast so it took 2 days by the time recording was done).  So far the shortest I've seen is a lender that had a 7 day time frame to get a loan committal out so the buyer could remove the financing contingency.  But that was one company out of a hundred or so that I've seen.

Cash is King and gets a royal discount.

There were periods of time when cash got a buyer more of a discount on a cash sale than a financed sale.

Cash indicates an ability to perform without dependence on outside contributors. But, given the right amount of time to get it, all cash is green

It is an old phrase before it was associated with homes.   During the downturn, you could get big discounts on very high end luxury homes.  Several deals were made in Santa Barbara, where a property was listed at 40 million, The owners took $30 million cash... A

No appraisal. No underwriter review. No credit qualifications. No income qualification. Of course cash is king...if the amount is satisfactory.

The mortgage is also cash.

It can help but it's really about the total scenario and the participants.

Beyond the speed issue cash and no contingencies is a security blanket for sellers, knowing the money is there and snafus will be unlikely.

It used to be but, not any more! Knowing that you can sell your home for a higher price by taking someone who is financing AND using a lender who has been vetted...always a better deal for the sellers.

I have also found that cash buyers are FAR picker on repairs and cash buyers tend to walk more often than those who are financing.

Lastly, you have to wonder a bit about cash buyers in our market - why wouldn't you finance a home and invest your cash? You'll make more on that money (investing it) than you will spend on a mortgage interest rate over time.

There was a time when someone pulled out a wad of "doe" and it spoke making it the King (ruler) of the moment. Today there are many realms that perform in a kingly way as you allude to. Hey to "coin" another phrase "a cash customer is money in the bank" or "money from home"

Yes, cash is King.  And I love 1031's.

If I had a choice between:

1. Cash Buyer 
2. Financed Buyer (who is paying more)

I would choose #2 (as long as you properly vet the Lender and the amount of Borrower analysis conducted by the Lender prior to issuuing the Pre-Approval). Property related items (appraisal, HOA Cert and/or Title) could cause that answer to change, but that "cash Buyer" might still have issues with those items when performing their due diligence regardless.

Yes, I realize this answer might sound "self-serving" (given that I'm a Lender), but it is not meant that way.  Just my honest read on the topic.

It was in use before I started selling. I think during the foreclosure & short sale years it was. Then when that market dried up, it surely isn't.

• It's only king for speed (5 days my record to close one).
• As you said appraisal avoidance.
• HOA Buying properties in litigation
• HOA Buying properties where one owner owns more than 10% of the units.
• But no, it's all wired funds at close, so cash or loan typically makes no difference.

Depends. Sometimes cash is king at other time cash in queen.

BITCOIN "the gold of cryptoworld"

Yes, cash is king but that doesn't mean that a strong buyer with financing in place can't be next in line for the throne. And if the King gets to be too full of himself he can be replaced. Cash only gets you so far and not necessarily the keys to the entire kingdom depending on how strong the prince is.

I couldn't agree more Peter! More and more it seems that seller's are less enticed by cash offers than before. I've also been seening lots of investors stop using cash and start using mortgages to pick up individual properties. 

Americans make purchases mostly from borrowing. My last few transactions were all done in cash. A buyer approached me stating she will put 50% down and she is a strong buyer. She likes this do not like that. After she walked away I accepted a no-nonsense no loan contingency, no inspection rpt offer. 30% down. Done.

You 'hit the nail on the head' with the no appraisal requirement, but when we have an all cash buyer, we still recommend an appraisal to protect our principal.

Do your bill collectors care that you have a $25,000 commission check coming to you after your closing in two weeks?  Or do they care that you have the cash to pay the bills today when they due?

That is why cash is still king.

No appraisal and a bit shorter time line but in the end a financed purchase becomes cash for the seller too.  Time to rethink this phrase especially if everyone is "doing their job correctly" (i.e. price it right and you won't have to sweat the appraisal).   Most sellers (in my experience) will wait a few extra weeks to get more $. 

I see MUCH more value in no inspections vs cash....! 

If the property is financeable and the buyer is qualified, then there's no difference at the close of escrow in terms of seller's proceeds. Still, financing is a contingency.

It works for me, especially if the seller or their agent have been burned in the past by someone who couldnt get their financing.

Mostly it is all about contingencies and quick closing.

I'm right now in the multiple offer situation ( 10+ offers) My clients is as solid as a rock with very aggressive terms to close; we probably submitted the highest offer, but it is not all cash. So, I agree, it is not fear, especially to fist time buyers and present lovely low rates. 

Cash, no contingencies and close in 3 days is KING, Peter! 

I agree with Debe Maxwell, CRS - cash offers in my market are low-ball offers and sellers will take a financed offer if it is closer to market value. 

Everyone like cash! Where the phrase came from, I don't know. Will have to look up the origins

Yes and because it is. I once lost a sale because someone came in with more earnest money... what could be better then having the whole shebang.

Cash is attractive in our market.

I have had sellers laugh at that comment --- when a loan closes, the sale is cash to the Seller too.

Dopes not matter any more I think.

The KEY is the contingencies. A cash sale without any is king, a cash offer subject to appraisal and or inspection is no better than an offer with a mortgage. 

The appraisal process has killed many deals.