How Do Cash Offers Change a Real Estate Deal?

Minnesota Real Estate Podcast With Chad and Sara Huebener

Believe it or not, there are quite a few cash buyers in our market. Cash offers can be very attractive for sellers, but there are certain things buyers must be able to provide before proceeding with an all-cash deal. Proof of funds is one key example of this. Also, sellers often expect higher offers from buyers willing to make a cash purchase, but buyers have a different perspective. Cash buyers believe that because they are eliminating a lot of hassle and headaches for the seller, they should be offered a discounted price. “Cash offers can make a transaction more convenient for the buyer and seller alike.” However, while cash offers eliminate the need for an appraisal, many buyers may still elect to order one to ensure that they’re paying a fair price. In summary, cash offers can make a transaction more convenient for the buyer and seller alike, so long as each party is willing to negotiate a fair and reasonable deal. If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.