No. In the US standard housing purchase agreements are drawn up contingent on financing - and standard bank financing has a lot of hoops and procedure to go thr

No. In the US standard housing purchase agreements are drawn up contingent on financing - and standard bank financing has a lot of hoops and procedure to go through - it usually takes at least a month and of course it may fall through. During that time the seller is basically sitting on their ass and can’t advertise the property. An all cash deal means the seller does not have to wait once the parties have a mutual purchase agreement.