> What difference does it make to the seller if its a all-cash?
A mortgage requires approval by the lender after the terms are settled with regard to the particular property (often including a third-party appraisal by someone approved by the lender to validate that the value of the property, rather than merely the sale price, has the correct relationship to the loan value), which means that an offer contingent on a mortgage can fail, whereas an "I have cash right here to pay now" offer cannot fail.
Zero chance the buyer and/or house will fail to qualify for a mortgage. Also gives the seller more leverage in not having to fix issues not required by law.
Slightly lower risk. Typically, if you are taking a loan, then you have a condition stating that the sale is contingent on the loan getting passed. If it does not, then the seller has to put the house on the market again and loses a few days and possibly value.
as others have mentioned, a deal can fall through.
but more importantly, once a deal falls through and you relist the property, the price can potentially be negatively impacted for a variety of reasons.
A mortgage requires approval by the lender after the terms are settled with regard to the particular property (often including a third-party appraisal by someone approved by the lender to validate that the value of the property, rather than merely the sale price, has the correct relationship to the loan value), which means that an offer contingent on a mortgage can fail, whereas an "I have cash right here to pay now" offer cannot fail.