What is a cash offer on a house?
Whenever a buyer offers a financial contribution to a property, it means, as most house buyers do, it does not require the use of a mortgage. You have enough in the bank for the property, or after selling your existing home or assets like inventories, you will have the money.
Money talks in a strong real estate market, but not everybody can submit a cash offer on a house. If you mortgage must be used to purchased a home, here are ways to compete with cash purchasers.