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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Cash is king. I once lost a bid on a house that was $25k higher than the accepted offer – which was all cash. It’s a direct transaction between buyer and seller – less complicated, faster to close, and no worries about bank requirements and appraisals. Inspections can still be an issue but you’d have that with a financed transaction as well. Bottom line: fewer ways the sale can go south, leaving the seller to start all over again.
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