Why do home sellers prefer a “cash” buyer? Wouldn’t they get the same amount of $ as a check from the bank if the buyer has a home loan?
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As somebody who has bought and sold many homes , I can tell you that 50% of the escrows that fall out are due to the buyer not being able to get the loan for the house they thought they could afford. and cash usually means a quick escrow close and money in your pocket.
but in today’s market with multiple offers, unless you need to get out fast it’s better to qualify the buyers, Make sure they have the money and demand 50% of the deposit pass through after 21-day due diligence, that way they’re invested.
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