Posted on August 13, 2015 - 07:28 AM
by Peter Wristbridge
The next area we will discuss briefly are cash buyers. A cash buyer does not necessarily mean a buyer that has the funds sitting in a checking account. A cash buyer could also be someone who will pull funds from a savings, retirement account, and/or open a home equity loan to make the purchase. In some cases, referring back to contingent buyers, they may also be very close to a cash buyer. if they are past all inspections and the proceeds from the sale of first property is enough to cover the purchase of the new home.
In conclusion, keep in mind there are some inspections you will not be forced to do for a lender, but most if not all inspections are actually more important because you are a cash buyer.
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