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Re: Question Regarding Price Ranges and the Value of a Cash Offer
Selling private property, like a boat, generally isn't taxable income so being able to hide some cash and stuff it under the mattress doesn't gain you anything. Usually.
Do I care if you hand me fifty grand in tens and twenties, which may be counterfeit for all I know, or if you hand me a bank check for fifty grand that I can confirm as good with the bank? Not really, there's no difference to me as a seller.
The only difference "cash" makes is that it means you have been pre-approved for the loan, so to speak. Tell me you need three weeks for the laon to clear and I can say "Fine, just be aware, you've got first dabs and it is subject to prior sale" and we both come out in the same place.
Cash means "now and for sure" instead of waiting to see if a loan is approved, and all of them aren't. But in the end, I don't see "cash" buying anything different here, other than ensuring it can be a fast closing.