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
Being able to pay cash is preferable for many large transactions because it’s guaranteed. If someone has cash on hand it’s pretty much a sure thing the deal will be able to go through. In addition, it tends to be faster to hand someone cash than to wait for a bank.
Latest Answers