Cash Offer

A cash offer is when someone offers to buy your home with cash. This means that they have the money to pay for the house and they don’t need a loan from a bank. Cash offers are often more attractive to sellers because it means that there is no risk of the buyer backing out and it usually happens faster than a sale where the buyer gets a loan. When someone offers to buy your house with cash, the process is a little different than when they get a mortgage. The process goes faster without having to do things like an application or underwriting. The buyer also doesn’t usually need an appraisal. As the buyer, you’ll still need to take care of getting a title policy and insurance, provide proof of funds, and sign closing documents. You may be able to close on an all-cash offer in as little as two weeks.