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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Personally I think all cash offers are overblown. Yes it is the best offer because the likely hood of the buyer having the money is all but assured. But in a down market cash buyers are often arrogant sharks that will low ball the crap out of you. If someone is putting like 20% down it is almost a lock they will find financing. If they cash buyer is a low baller and the one with financing has a strong offer you take the extra money even if closing takes a few more weeks.
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