When you get a cash offer on a house, what does that mean exactly?
When you get a cash offer on a house, what does that mean exactly? In the world of real estate, when someone gives you a cash offer on a house, it simply means their offer is not subject to financing. So it’s a quick / much faster / and easier way to close a deal. Deals can sometimes close in days, if needed, vs months with a regular real estate sale. Most real estate transactions are financed with some sort of loan…cash transactions are not. You get paid at closing, by the title company, in the form of a check or wire sent to your checking account. A wire is usually the best/fastest option as it’s virtually the same as true cash and it’s quick/easy/fast. Either way works well though