An “all-cash offer” is an offer to purchase a home where the buyer does not need a mortgage to buy the home. Sellers prefer this because mortgages take months to close and can fall apart due to a variety of reasons, including a buyer’s inability to sell their current home, their credit score going down, the house not appraising at the right value. “All-cash offers” can close quickly and are less likely to fall through. Because of this, sellers always prefer “all-cash offers” and often give the all-cash offers a discount.
Articles in this section
- What types of homes will Ribbon buy for me?
- What is an all-cash offer? Why is it preferred?
- How much more likely am I to win in a competitive situation if I use Ribbon?
- How is Buying Power different from a lender’s pre-approval?
- How does Ribbon make money?
- What’s the catch? This seems too good to be true