Selling your house for cash can be convenient and attractive for many homeowners. In a cash sale, the buyer pays for the property in full with cash or a cash equivalent, such as a cashier’s check or wire transfer. This means that the sale can be completed quickly and without financing, which can be a significant advantage in certain situations.
Home Light Reports that “In September 2022, cash sales represented 22% of existing home sales, which is a slight decline from a year earlier. Despite the rapid rise in home prices to a median price of over $450,000, buyers have been more eager to pay cash or find a cash solution to avoid higher interest rates on a mortgage.”