Are you looking for The Best Fast Cash Offer for your House
A cash offer refers to an all-cash offer made by a purchaser to the seller of a real estate property. The purchaser does not need a mortgage or any other type of financing to complete the transaction and is willing to pay cash to close the transaction. A cash buyer enjoys an advantage over other buyers who need a mortgage because the seller is interested in choosing a buyer who can close the transaction quickly without an uncertain underwriting process. For a mortgaged buyer, there is no guarantee that the lender will approve the loan. Various factors such as credit score and home appraisal may cause the bank to reject the loan application. These factors make a financed offer usually less attractive to the seller, as compared to a cash offer that comes with no strings attached. When imagining a cash offer, you might be envisioning someone coming to the seller with a suitcase full of neatly stacked bills, saying they’re ready to hand it over right then and there — but how a cash offer