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Reply to "What does "all cash" mean?"
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[quote=Anonymous]I keep reading on this board about sellers accepting all-cash offers. What does this mean: A. There is no financing contingency, but the buyer might still get a mortgage. B. The buyer is paying entirely from funds available in a checking, savings, or money market account. C. Something else -- please specify what this is. If the answer is B, does the buyer provide a document showing that the balance is available entirely in a checking, savings, or money market account? If the answer is A, that's not really all-cash, right? That just means that the buyer is confident that they will get financing, and so they don't need a contingency.[/quote]
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