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What’s the Deal with Making a Cash Offer on a House?

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A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan.

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Use These 8 Strategies to Get Yourself a Home in 2022’s Real Estate Market

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In the preapproval process, you’ll usually submit documentation of your financial details, which can include bank statements, W-2s, a credit check, two years of tax returns, verification of your down payment funds, and more. Only include essential contingencies. Speaking of contingencies, Peterson says the fewer, the better.