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.”
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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Jason Gelios is a Husband and Father. After that, a Top Producing REALTOR®, Author of the books 'Think like a REALTOR®' and 'Beating The Force Of Average', Creator of The AskJasonGelios Real Estate Show and Expert Media Contributor to media outlets across the country.