Cash Offer

Sellers Like Cash Offers

Nearly all home sellers prefer cash offers. Some will even choose an all-cash home purchase over a higher-priced offer with traditional home financing. Why do sellers prefer a cash offer on a house? They know that cash offers tend to face fewer obstacles than those involving a home loan.

With a mortgaged transaction, there are certain underwriting requirements to be met. Lenders will request a home appraisal to determine the home’s market value based on comparable neighborhood sales. If the home’s appraised value comes in lower than the purchase price and the buyer or seller is not able to make up the difference, the entire transaction may fall through.  

Another reason why sellers prefer all-cash offers is simply due to the uncertainty of transactions that involve a loan. Oftentimes, the borrower’s qualifications may change at the last minute, resulting in a loan denial. When buying the house in cash, buyers can bypass all those possible challenges, improving their chances of a successful closing.

Cash home sales also take considerably less time than financed home sales. The buyers typically don’t need the 30- to 45-day window to close simply because they do not need a home loan. The closing can happen as quickly as a week after the sale, as long as the inspection is complete and any other contingencies have been satisfied. Sellers love this because it means they get cash in their pocket sooner.

Does Making a Cash Offer Improve Your Odds?

Making a cash offer on a house is undoubtedly appealing to sellers, but does making a cash offer on a house actually improve your odds of getting the home you want? The short answer is a resounding yes. Making an all-cash offer on a house gives you a huge advantage. 

Making a cash offer on a home can substantially boost your odds of getting your dream home. Realtors and real estate experts agree that an all-cash home purchase offer is typically more attractive to sellers than similar offers with home loan financing. Cash is king in pretty much any market, including the real estate market.

How Reali Cash Offer Works

Reali Cash Offer provides you with a competitive edge in the real estate market by boosting your chances of winning the home you want at a lower price. But don’t just take our word for it. Meet Reali Cash Offer buyers Audra and David. 

These first-time homebuyers found the home of their dreams but quickly learned the house had multiple offers. By working with Reali and using Reali Cash Offer, they could not only buy their dream home, but they also got their home for $12,000 less than the list price.