Technically, a cash offer is an offer that does not require traditional financing. Traditional financing typically comes from a mortgage company or lending institution. Cash offers have less guidelines and underwriting requirements than offers tied to mortgage companies. In the simplest of terms, a cash offer for your house is proven to be one of the easiest ways to sell your house. 

What are the advantages of a cash offer?  Aside from not having to have an underwriter involved with tons of stipulations and requirements, there are many cash offer advantages. For instance, there is no required appraisal, no need for invasive home inspections, no need for a termite and moisture inspection, and most importantly, you are able to get an immediate answer directly from us. There’s only one phone call you have to make for any question you need answered. Time is always of the essence!

How long does it take to close with a cash offer? Typical resale transactions with mortgages involved can take over 30 days to close. A cash offer can close in as little as 10 days or possibly sooner. Once the title search has been completed and there are no issues with title, closing docs have been drafted, and insurance policies have been established, closing can happen. Take a minute to read about Selling Your House As-Is and Selling Your House Fast for more information. Lastly, closing can be on your timeline and not someone else’s timeline. This is extremely important during times of high interest rate volatility or other buyer demands and motivations.