c/cash-buyers

Random guy at a car auction changed my mind about all-cash offers

I was at a small auction lot near Tacoma last Saturday and overheard this older fella telling a dealer he'd write a check for $42k on the spot if they'd skip the financing paperwork. It got me thinking, I always assumed cash buyers only mattered for flips or distress sales, but this guy was just tired of bank delays. Has anyone else seen a simple all-cash offer seal a deal that should've gone to a higher bidder?

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wadeyoung•5d ago

Just realized cash buyers beat financing on my last flip in Tulsa

I was dead set against all-cash offers until a buyer showed up with proof of funds and closed in 9 days, then backed out of a 60-day mortgage deal that fell through at the last second, so now I ask for bank statements before I even look at an offer, and has anyone else seen financing apps tank appraisal values?

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samthompson•7d ago

Finally sold to a cash buyer after months of flaky finance guys

Listed my duplex near Akron in March and had three offers fall through because of loan hiccups. The fourth buyer came in with a cash offer that was $8k under asking, I almost said no out of pride. But my realtor showed me their proof of funds from a local credit union and closing happened in 11 days flat. I even got to keep the washer and dryer that I was ready to throw in as a sweetener. Anyone else had a cash buyer turn out smoother than the financed deals?

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adams.harper•7d ago

Took a cash buyer's word on the appraisal and lost $12k on the flip

They swore the house would appraise for $310k based on comps in Tacoma, so I skipped my usual second opinion, and when the bank's number came back at $298k my buyer walked and I had to drop the price just to cover the loan. Has anyone else had a cash buyer fudge comps to push a deal through, or was I just naive here?

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cameron_chen•9d ago

Went to a foreclosure auction in Boise and the guy next to me bid using his mom's credit card

Last week at the Ada County courthouse steps, this college kid outbid me on a duplex by $500 and then pulled out a sparkly Lilac card to pay the deposit. The auctioneer just shrugged and ran it, and the kid told me his mom set the max limit at $80k but he figured she would be cool with a little more. Has anyone else seen a cash deal get done with plastic and a prayer, or is Boise just a different breed?

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robinson.leo•9d ago

Learned the hard way why you don't skip the final walkthrough

Lost out on a $312,000 cash deal in Phoenix last Tuesday because I trusted the seller's photos of a rental property. Showed up after closing and the place had a busted water heater, mold on the bathroom ceiling, and a sagging back porch. I brought in my own inspector this time on a duplex near Glendale and found three code violations before I handed over a single dollar. Anyone else gotten burned by skipping that last look before signing?

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olivia_hernandez•10d ago

Just realized I chose the wrong cash buyer two months ago in Phoenix

I had two offers on my duplex, one from a local flipper at 92% of asking and one from a national investor at 95%. I picked the national guy because the number looked bigger, turns out their inspector found a plumbing issue I never knew about and they dropped the price by $6,000 right before closing. The local flipper later told me they would've just fixed it themselves. Has anyone else taken the higher offer only to get nickel and dimed later?

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morgan915•11d ago

Home inspection called out two bad circuits, cash offer came through anyway

I was sitting in my car outside the house in Fresno when the inspector told me the panel had two dead circuits and knob and tube in the attic. I called the buyer, explained the $4,200 fix, and he said he'd still pay asking if I knocked off $1,500. We settled in 20 minutes, closed 2 days later. Anyone else had a buyer stay firm after a rough report?

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david_hayes•12d ago

That one cash buyer in Des Moines who made me change my approach

Back in 2017 I had a listing for a duplex in the Beaverdale area, and this older gentleman walked in off the street with a bank check already made out for 82 percent of asking. He told me he'd been buying rentals since 1982 and never once used a loan. I kept trying to negotiate, but he just sat there and said he'd leave the check on the table for 24 hours. I called my seller, we countered at 90, and he politely took the check back and walked out. Two weeks later he bought the place next door at 78 percent. That taught me to ask every cash buyer where they got their number before I even talk price. Has anyone else had a buyer who just would not budge on their starting offer?

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adams.henry•13d ago

Conversation with a flipper in Austin changed how I price cash offers

I was at a title company closing last Tuesday and this flipper told me he never offers more than 70% of ARV minus repairs, even for clean properties. He said cash buyers like us are competing against people who overpay with loans, and backing out hurts more than losing a deal. Does anyone else stick to that hard rule, or do you flex when the market gets hot?

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umac71•15d ago

Cash offer 12% under asking got accepted in 3 days, now I'm second guessing

Put in an all-cash bid on a duplex in Dayton last week, 12% under list, and they took it by Thursday. Has anyone else had a lowball cash offer go through that fast and wondered if you left money on the table?

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wadebailey•16d ago

That buyer who showed up with a notary at the first walkthrough

Had a guy last month in Phoenix, cash offer on a small duplex, normal closing stuff. He insisted on bringing his own notary to the final walkthrough, which felt weird but I went along. Turns out he wanted to sign everything on the spot because he was flying to Costa Rica the next day for 6 months. We closed the deal in about 40 minutes right there in the empty kitchen, and he paid $214,000 in certified funds. I've dealt with a lot of cash buyers over the years, but that level of urgency was a first. Has anyone else had a buyer try to compress the whole closing timeline like that?

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cameron_webb•16d ago

Cash offer fell through after the home inspection in Austin

I had a solid cash deal on a duplex near Riverside, 185k, buyer was pre-approved through his IRA. We got to the inspection last Tuesday and the foundation report came back with a 22k repair estimate. He walked away at the table, no counter, just said 'not worth the risk.' I lost two weeks of showings and had to relist the property the next morning. Anyone else have a cash buyer bail after the inspector found something big?

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james_butler•17d ago

Hit 10 cash buyers in a single week and it felt surreal

Last month I was running my usual marketing for house flips and something weird happened. I usually get maybe one or two cash buyer calls a week, but last week I got ten. Ten people with proof of funds ready to buy. Two of them had wire transfers ready before I even had the properties listed. I thought my phone was broken or something. Turns out a local real estate agent had been referring people to me without asking. She told me she liked how fast I closed. Have any of you ever had a random spike like that out of nowhere?

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wyatt_lee•20d ago

A simple handshake deal fell through so I started getting everything in writing

Back in 2018 I was buying a small rental property in Cincinnati from a guy I knew from church. We shook hands on $87,500 and I gave him a $2,000 deposit on a napkin. Three weeks later he took a better offer from someone else and claimed we never had a deal. I learned the hard way that even with people you trust you need a signed contract and a paper trail before handing over cash. Has anyone else had a verbal agreement go bad when they were trying to buy direct from a seller?

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the_blair•21d ago

I thought cash buyers were all scammers until one actually closed in 5 days

For years I avoided cash offers on my listings. Had a bad experience in 2018 where a "cash buyer" wasted 3 weeks then backed out. But last month a guy from a local investment group in Tacoma offered cash on a fixer I had sitting for 60 days. I was ready to tell him to kick rocks but my broker said give it a chance. He provided proof of funds that day, did inspection in 2 days, closed in 5. No appraisal, no loan drama, no nada. I ate my words hard on that one. Anyone else had a cash buyer actually come through smooth like that?

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claireo67•23d ago

Hit $50,000 in cash purchases today and it still feels weird

I started this cash buying thing about 8 months ago just flipping a few cheap houses around Cleveland. Today I closed my 12th deal and the total hit $50,000 exactly. Never thought I'd have that kind of cash just sitting in deals at once. Has anyone else hit a round number that made them stop and think about how far they've come?

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max_ramirez48•24d ago

Dropped $600 on a cash buyer list and it was a total dud

Paid for a list of supposed cash buyers in Dallas and half the numbers were disconnected or wrong people. Has anyone had better luck with a specific service that's actually vetted?

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mary_kelly•25d ago

Just realized most cash buyers skip the inspection contingency entirely

I was reading through some closing data from a local title company in Austin last week and noticed something wild. Over 60% of cash buyers in my area waive the inspection contingency before even stepping foot in the house. I always assumed everyone did a quick walkthrough at least, but I guess the speed factor kills that. Has anyone else run into a surprise after skipping inspection with cash?

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joseph_murray8•29d ago

Back when I thought cash buyers were just scammers

I remember about 8 years ago when I first started flipping houses in Columbus, Ohio. I figured anyone offering cash had to be some kind of shady investor trying to lowball me. Then I met this older guy named Frank who bought a duplex from me in 3 days flat, no inspections, no contingencies. He paid $147,000 cash and I was out of the deal before my agent even finished the paperwork. That deal made me realize not all cash buyers are vultures, some are just retired folks who don't want to mess with banks or waiting. Now I deal with cash buyers all the time and I actually prefer them over financed offers. Has anyone else had a cash buyer surprise them like that?

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fiona330•1mo ago

Had a week where two cash buyers backed out on the same day... then three showed up the next morning

I was working with a seller in Austin last month, and on a Tuesday I got calls from two separate cash buyers who both said they were pulling out. One said they found a better deal in Round Rock, the other just ghosted after we had a signed offer. Felt like the whole deal was about to fall apart... But then Wednesday morning, three new cash buyers came through from a referral I got from a title agent. We ended up closing at 98% of asking price by Friday. Has anyone else had a cash deal flip that fast from bad to good?

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nathan193•1mo ago

Hit my 50th cash deal yesterday and realized I've never seen a single house in person

I closed my 50th cash purchase yesterday on a duplex in Raleigh, and it hit me that I've bought every single property sight unseen lol. Started with a $45k flip in 2021 and now I'm up to a $180k buy just from photos and a buddy's FaceTime walkthrough. My family thinks I'm insane but the numbers always check out before I send an offer. Has anyone else gone this long without stepping foot in a property they bought?

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owens.willow•1mo ago

Lost 2 months chasing a cash buyer who was just fishing for comps

I spent almost 8 weeks going back and forth with this guy who said he was a cash buyer for a duplex I had in Cleveland. He kept asking for more photos, more documents, wanted to see the rent rolls and utility bills. Every time I gave him something, he had another request. Turns out he was a real estate agent building a comparative market analysis for a client. I wasted all that time and probably lost a solid offer from another investor who moved on. Now I ask for proof of funds upfront before I send anything beyond basic info. Has anyone else run into this kind of time waster posing as a buyer?

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quinn_king16•1mo ago

Had a cash buyer offer $10k under asking while standing in my living room holding a crumpled check

Guy showed up in a stained polo, pointed at a crack in the drywall, and said 'this is a negotiable eye sore.' Has anyone else had a buyer try to haggle in person mid walkthrough?

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tyler_fox41•1mo ago

Paid a $500 inspection fee for a cash buyer who ghosted me on closing day

I had a guy from out of state who said he was ready to pay cash for my duplex in Tucson, so I fronted the inspection and appraisal costs. He stopped answering calls the morning we were supposed to sign, and I never heard from him again. Has anyone else gotten burned by fake cash buyers who just waste your time and money?

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