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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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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A cash sale really only means the buyer has no loan contingency. So, even without a loan commitment and funding, the buyer is obligated to close the sale… but nevertheless the closing cash could come from a loan, there was just no loan contingency in the buyer’s favor.

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