Condo cash offer - is there a typical discount percent?
Long story. I'll just ask the question and if more specifics are required I'll provide them.
Selling a condo in the outskirts of a major metro area. Building built in 2006. Almost identical unit sold for cash last week. No other comps last three years.
What percent "discount" off "regular" price does a cash buyer "typically" get/expect? By regular price I don't mean asking price. I mean the contract price.
I/O/W How much do you go down for a cash offer?
I know there are no straight answers, but I'm looking for a percentage figure that is tossed around in condo real estate circles that is typical or expected or normal or at least that people frequently hear. I have no idea.