A very basic question

Please excuse me for raising this beginner’s question.

Why few sellers ask for 100% cash or specify the down payment amount. I understand why this is the lender’s concern but why the seller cares?

Doesn’t he get the agreed price altogether?

Hi,

It is to make sure prospective buyers do not assume the seller may carry financing or take back a note on the property!

Basically like saying “All Cash if You Want It”!

To convey that seller will not carry any of purchase price!

             GR

Thank you GR,

I understand.