Is Cash king in an offer?
Tommye McCeig, Broker Associate/Realtor?
Real Estate Broker Associate at OnDemand Realty
?? Cash is king, right? When it comes to home sales, not always. While accepting a cash offer is tempting, consider the pros and cons before you accept:
Pros:
? Faster closing: No waiting for loan approvals means you can close quickly.
? Greater certainty: Fewer financing contingencies reduce the risk of the deal falling through.
? Less hassle: The process can be simpler without appraisals or other lender requirements.
Cons:
? Offers might be lower: Cash buyers often offer less, knowing they have a competitive edge. It may be wise to see what other offers come in before you accept.
? Cash doesn’t guarantee credibility: Be sure to ask for proof and the source of the buyer’s funds.
Need help weighing your options? I can help you navigate cash and financing offers with confidence. Reach out for a free consultation!
Tommye McCeig
OnDemand Realty
?? 214-842-6001
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