The Top Benefits of Accepting a Cash Offer on a House
5 minute read
June 16, 2022


Are you considering selling your house? If so, you may be wondering if you should accept an all-cash offer or wait for a traditional buyer. 

There are benefits to both options, but in most cases, accepting a cash offer is the best decision. 

In this post, we’ll discuss the top benefits of accepting a cash offer on a house.

What is an all-cash offer on a house?

A cash offer is an all-cash bid on a property, which means the buyer has the funds to purchase and forego a mortgage or other traditional forms of financing. 

When it comes to buying a home, most buyers rely on the help of a mortgage lender to help finance the purchase. They’re usually pre-approved by their lender and prepared to make an offer. 

But ultimately, the deal relies on the lender’s assessment of the buyer and that determines how fast and if they can close the deal.

A cash offer takes the lender completely out of the picture. 

All cash offers are enticing to home sellers as they usually mean a faster closing time and less risk of the seller falling through due to financial hardship.

What are the benefits of accepting a cash offer?

The benefits of accepting a cash offer on house sales are numerous and typically beneficial to both home buyers and home sellers.

It’s a sure thing 

When you accept a cash offer, the sale is almost always guaranteed to go through. Cash buyers don’t need to wait for mortgage approvals or other financing contingencies that can delay or even cancel the deal.

No appraisal contingency 

Lenders require homes to be appraised before approving the loan. If the appraised value is less than the mortgage amount it can severely delay or even cancel the deal unless the buyer increases their down payment or the seller lowers the price. Not an easy feat. 

With cash sales, an appraisal is not needed. The price is what the buyer and seller agree to and the terms are ones they set themselves.


Without a lender governing the process, there is no need to wait 40-60 days until close. Once both the buyer and seller are satisfied with the deal, the closing can take place as soon as seven days.

Avoid repairs

If your house needs repairs, a traditional buyer will likely request that you make them before closing. With a cash offer, you can sell your house as-is and avoid the hassle and expense of making repairs.

Cash sales save money

A conventional sale using a lender involves thousands of dollars in closing costs. Lender requirements usually inflate the cost with appraisal fees, processing fees, and other loan fees. With a cash sale, there are thousands to be saved by both the buyer and seller.

Cash sales are faster and simpler than accepting a buyer with traditional financing. It gives you the flexibility to make a deal you are comfortable with, without the conditions and requests of a third party.

How common are cash offers?

Cash offers may be more common than you think. 

According to the National Association of Realtors Confidence Index, 25% of buyers were cash buyers in June 2022, which is up from 23% in June 2021. 

With the market hot and ever-changing, cash sales are becoming more attractive than ever. Cash buyers can come from any number of scenarios. 

Below are some typical scenarios that you may find:

  • A buyer who has sold their home and is using the profits to purchase another
  • A buyer who is facing a lot of competition in a seller’s market and wants to stand out from the pack
  • An investor, who typically has more capital than an average homebuyer, is interested in the property
  • The property is being sold as-is and is not suitable for a traditional mortgage

Cash offers can appear in a variety of situations. At the end of the day, it’s just another way a buyer can purchase a home hassle-free.

How is the home selling process different with a cash offer?

All cash transactions affect the selling process in a few different ways. 

First, cash buyers don’t need to get pre-approved for a mortgage or obtain other financings. This means that you can close on the deal much faster than with a traditional buyer. 

Second, you may be able to avoid making repairs to your house before closing. With a traditional home sale, the bank will often require that any major repairs be made before they approve the buyer’s loan. 

However, with a cash offer, you can sell your house as-is and avoid having to make costly repairs. 

Finally, cash buyers need to be able to pay cash for the entire purchase price of the home. 

Simple Home Offer can help you sell 

In the end, all-cash purchases come with numerous advantages over a traditional offer that not only helps you but your buyer as well. 

All cash offers close faster, are less work and less stressful, provide less risk to the seller, and eliminate lending issues and contingencies. 

Contact Simple Home Offer for more information. We’re eager to serve you with our expertise and help sell your home quickly, worry-free, and at no cost.

Photo by Khwanchai Phanthong

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