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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. Though you can (and should!) The inspection.

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How to Sell a House ‘As Is’ in Ohio

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These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Be aware of minimum property standards for certain loans. When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer prequalified for a home loan.

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

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But there’s a catch: Because you don’t typically have to provide any documentation, nothing is verified, and this loan amount isn’t guaranteed. Only include essential contingencies. Speaking of contingencies, Peterson says the fewer, the better. The sooner you do this, the better. Count your cash. It’s the best of all worlds!