Ask any Realtor if they would prefer a cash sale or lender financed sale, and the unanimous response would be CASH! As with any business transaction, the fewer people and steps involved, the faster the completion of the closing process. With a cash sale, no lender is involved. There is no waiting on pre-approval letters, no application process, no last minute closing instructions to the title company. Essentially all a Realtor needs is to verify the buyer's funds, get the title work completed, and head to the closing table. All of this can easily be completed within 7 business days versus the traditional 30 day close with a lender. So sellers if you have a cash buyer, take a serious look at their offer. It could save you valuable time and money.
If you have any questions or comments, please feel free to contact me.
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