Very good question. I would like to explain,
”What is a Cash Offer?”
Anytime someone wants to buy a house they can pay in multiple ways. You can purchase a property with credit and debit. Some investors are even buying real estate with crypto now! This is almost digital real estate to its finest!
Regardless, a digital or pre-approved interest in any home for sale will be considered a cash offer.
How do Offers for homes work?
Why do sellers make cash offers?
A homeowner may choose an all-cash offer over mortgage offers depending upon if the cash home buyer with a real estate mortgage offers more. The causes are simple: they’ll close sooner (indicating they’ll get paid more, and without the mortgage underwriting and inspection period, there’s a slight risk that the sale will be unsuccessful.