A cash buyer also referred to as the “end buyer” buys a property and pays for it in cash instead of financing the purchase through a mortgage loan from a traditional mortgage lender. The cash can also be funded by a private money source.
Being a cash buyer, is an advantage when competing for a purchase. The seller can expect for the closing to take place in LESS THAN the average 30 day traditional period. Most cash purchase don’t require an appraisal as a contingency. Appraisals are the reason for a bulk of the time needed for purchases to close.
