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A lot of people have asked us lately if cash is really king when it comes to buying and selling homes. People often prefer cash, but it is not the end-all of real estate transactions.
When everything is all said and done, a seller shouldn't care too much where the money is coming from to pay for their home. A title search is going to be done and a lender will ensure that the buyer can pay for the home.
Cash buyers often think that they can put in lower offers because they have the money, but sometimes this turns off the seller. Just because someone is paying cash doesn't mean they deserve a better deal on the home.
However, there are instances where cash is preferred. Older properties are less likely to be financed by banks, so in a situation like that you may be better off going with a cash offer.
Unless the property is truly distressed and is unlikely to be financed, you want to weigh your options with cash buyers, as they are usually not willing to pay a lot more than people who have financed offers.
If you have any questions about this topic or if you'd like to know more about it, please don't hesitate to contact me. I'm always here to help you with Jonesboro real estate!
