Yeap, that's it. The impression with most buyers is that because they are paying cash, they should get a big discount off of the asking price. That is just not the case. (Click here to see embedded video) Cash buyers in Big Bear are only saving 1% for paying cash as compared to those buyers that are getting a loan or any other type of financing. I am no accountant, but it seems to me all the tax benefits of having a loan against the property add up to more than a 1% savings. Year to date, there have been … [Read more...]