Cash Buying Foreclosures/Short Sale - Zillow Real Estate Advice

The only advantage of a cash purchase is that there is no financing contingency, so with two equivalent offers comparing one with cash vs one that requires a loan, the seller is likely to chose the all cash offer.?

There does not tend to be a discount for cash offers.

Source: http://www.zillow.com/advice-thread/Cash-Buying-Foreclosures-Short-Sale/483971/

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