Lots less stuff that can go wrong, too. If you're getting a loan, the bank will want at least an appraisal, plus pre-approved doesn't necessarily mean the cash

Lots less stuff that can go wrong, too. If you're getting a loan, the bank will want at least an appraisal, plus pre-approved doesn't necessarily mean the cash will show up. It can often take a month or more to close a loan. With a cash offer, once a title search is performed (a few days assuming no liens), the owners and buyers can swap keys and a check. If the seller wants cash sooner than later, this can be very attractive; for example, he or she may well be bidding on another house and need to make a deposit or down payment.