Found a weird stat about cash buyers vs. financed offers

I was reading through some old forum posts last night and found a stat that surprised me. Apparently cash offers close about 10 days faster on average but only save sellers about 2% on the final sale price. Found it buried in a real estate data blog from 2023. The debate seems to be: is a fast close worth leaving money on the table? Some say yes, especially if you need liquidity fast. Others argue you can negotiate harder with financed buyers who have pre-approvals. What's your take on the speed vs. price tradeoff for a quick cash sale?

3 comments

3 Comments

adam_thompson5322d agoMost Upvoted

2% isn't life changing money for most sellers honestly.

oscar_ellis22d ago

That 2% feels like a decent chunk to give up just to skip a few days of waiting.

graygonzalez14d ago

Depends on the price of the item though... a 2% fee on a $500 sale is only ten bucks. I'd pay ten bucks to not have to deal with the hassle of meeting some random person or packing up a box and going to the post office. On a $5,000 sale it's a hundred bucks and that starts to sting a little. But sometimes you just want the money in your account right then instead of waiting a week for a check to clear.