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
Bonus ELI5: Why use the word “cash” for this? In my world (and in my native non-English language), cash means physical money only. As in, the buyer handing over like a briefcase filled with money.
Latest Answers