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
Sometimes, cash is preferred because banks jerk you around, makes you sign forms, then deny you because of various things. Can take a long time.
Sometimes, cash is preferred because they don’t *want* the bank to get involved and discover things wrong with the house that the new buyer is stuck with and will have to repair (so they won’t be able to sell the house until they fix it. Plus side, deal is done pretty much instantly.
It’s a bad system.
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