Suppose I’m selling my house for $800k in California. I have a buyer with a traditional financing arrangement (30 year loan) and a cash buyer. As the seller, I get my money regardless of whether a bank pays me or an individual cash buyer. Why do people get excited over the cash buyer?
In: Economics
My all cash buyer closed on the house in 2 weeks instead of a month. No inspections, appraisers, no making sure the bank wouldn’t lose their ass, no problems. The most difficult part was getting the cash to pay off _my_ mortgage
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