Looking for a way to make your offer stand out in a crowded, competitive, seller-friendly real estate market? Most homes are purchased with financing, but cash purchases do make up about 13 percent of home sales, according to the National Association of REALTORS®. An all-cash offer is sure to get the attention of any seller and offers many advantages if you can make the numbers work. So let’s take a closer look at those advantages and the reasons why you might consider buying a home with cash.
Can You Buy a Home with Cash?
In this case, a cash offer doesn’t mean literally paying in stacks of $100 bills — it just means purchasing a home with your own money rather than through a loan. There are many benefits that can make a cash offer worth the effort from the buyer’s perspective:
With so many advantages to making a cash offer, why doesn’t it happen more often? The challenge comes in saving enough money to make a viable cash offer. But if you’re diligent about saving and willing to invest those savings into your next home, buying a home with cash can be well worth the effort.