A more reliable and shorter escrow is of high value to sellers. Failed escrows break momentum on marketing and buyer interest and obviously cause major logistic

A more reliable and shorter escrow is of high value to sellers. Failed escrows break momentum on marketing and buyer interest and obviously cause major logistical frustrations for the seller. Provided that a house draws competing offers, the everyday residential home buyer expecting to finance their mortgage needs to offer comparable or greater value in some other way, such as by making a substantially higher offer than the all-cash buyers. Many of these traditional buyers find it hard to anticipate how much higher their offer will need to be (the value of a more reliable escrow is subjective) and are often bidding mostly blind anyway. Further, affordability is already strained for most of these buyers and many shop by list price, unable to effectively compete in a bidding wars. A high rate of all-cash offers usually correlates with a much more difficult and fatiguing home buying process for traditional in-community middle class buyers and sustained high prices. The article is basically just affirming that this dynamic currently (continues) to be at play in SoCal even as other markets soften.