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Reply to "Lost out on dream house to cash offer"
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[quote=Anonymous][quote] If i was a seller i don't see much advantage of cash offer.[/quote] I'm just guessing here, but a cash offer might mean that the selling price does not have to be lower or equal to the appraised value of the house. In fact an appraisal is not needed if it is all cash. Our neighbor sold his house, but the appraisal came in under the selling price and the financing would not allow that. The buyers could not get their loan unless the selling price was at appraisal value or lower. [/quote]
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