Are Cash Offers Really Better?

Article by Katy Byrom
Featured expertise by Jason Gelios

In real estate, cash offers have long been the gold standard — helping buyers stand out from the crowd by giving sellers the assurance of a fast, (mostly) guaranteed sale.

With a cash offer, explains Rinal Patel, a real estate investor based in Philadelphia, “there’s no waiting for a loan to be approved before the sale can close, and no possibility of the deal falling through due to a financing issue.”
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Redfin estimates that a cash offer can nearly quadruple your chance of winning a bidding war. Some cash buyers try to use these odds to lowball sellers and get a home at a discount.

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