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?
In: Other
One thing I haven’t seen mentioned :
When you sell a house, you negotiate a price with the buyer. If they use a bank, the bank gets to appraise the house and decide how much they will lend. If their appraiser decides it isn’t worth what you agreed to, all of a sudden you have to take less from the buyer or find another whose bank is willing to lend them more.
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