3 ms·

Closing certainty is a major reason people will take all-cash offers over financed ones. Even if you're pre-approved for a loan.

• SoftTalker 11mo ago
  A cash offer will still fall apart if the appraisal comes in too low, I would think. Or does the term "cash offer" imply that no appraisal will be done?
  • abosley 11mo ago
    Appraisals are generally done to ensure that the loan guarantor will be able to recover their investment if the party taking the loan defaults. Therefore, cash offers don't perform appraisals. Cash offers lower risk for the seller and provide fastest time to close the transaction.
  • creaghpatr 11mo ago
    Probably the latter, the appraisal is typically mandated by the bank issuing the mortgage.
  • lotsofpulp 11mo ago
    There is no purpose for a cash buyer to pay an appraiser to appraise a house. They have already decided to pay the price, so who cares what an appraiser thinks?
  • deleted 11mo ago
    [deleted]