Evaluating the Pros and Cons of a Cash Sale When Selling Real Estate

There are many pros and cons to each option, but two main ones are speed and certainty. A financed deal can fall through if the buyer can’t get a loan, an appraisal comes in below contract price, or the buyer can’t get approved. Moreover, it can take a long time to close the transaction. The following table shows the steps involved in a cash sale and the time it takes to close.


When selling real estate, many people opt for a cash sale. This has several advantages, including a certainty of deal. Because you are not reliant on mortgage financing, you can sell your property for more cash and avoid the hassle of obtaining approval for the loan, waiting for a buyer to approve the sale, or the responsibility of finishing the property. Another advantage of a cash sale is that you can pay off costs that the buyer will incur to purchase the property.

Time frame

If you have decided to sell your real estate for cash, you’ll need to keep several things in mind. A cash buyer will probably have less paperwork to deal with, such as a mortgage application. However, closing time will still be longer than for a mortgage transaction, which will take at least a week. Despite these benefits, a cash sale can still take more time than a mortgage transaction.


The recent market boom in real estate has created the most competitive real estate market in a quarter century. Because of the limited number of houses for sale, competition has reached all-time highs, and bidding wars are a common occurrence. In fact, many homebuyers are now making all-cash offers, making up nearly 25% of all market offers in February 2022. ZeroDown has done extensive research on cash offers, studying their appeal and effect on the market.


When it comes to selling your home, cash buyers are a great option. This type of sale takes less time because there are no contingencies and no banks involved. The time to close can be as little as 14 days. For this reason, cash sales are attractive to many sellers. This type of sale means less work for you, as you won’t need to hire a real estate agent or wait for offers. Unlike a conventional sale, cash buyers don’t care about the condition of the home or its furnishings.

Time-consuming process

When selling your real estate, you may want to consider a cash sale. While it can be convenient and fast, cash purchases come with some downsides. Because cash buyers are looking to make a low offer, they will typically buy for below market value, which means you’ll lose money. Then again, many cash buyers will buy your home “as is.”

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