cash offer in real estate

When selling a home, you’re likely to get a bid from a potential buyer planning to use a home loan to cover the cost of the property. That buyer will provide a down payment in cash, then a lender will cover the rest of the price. While most buyers will use a home loan to purchase your house, some buyers may make a cash offer.

What Does It Mean to Get A ‘Cash Offer?’

If you receive a cash offer, it means the buyer is capable of paying for the house using cash instead of financing. Buyers will pay using a cashier’s check or electronic transfer. There are two benefits to getting a cash offer versus a normal offer:

  1. The buyer has the money – Buyers that make a cash offer have the money required to make the purchase. Many buyers haven’t actually applied for a mortgage (pre-approval). This means once you accept an offer, they need to be approved by their lender. If they’re not approved, the deal falls through and you’ve gotten your hopes up and wasted time.
  2. The closing time is shorter – Because a lender is not involved in the purchase, the closing time can be much shorter. It can take as few as two weeks to close if a cash offer has been made.

Keep in mind you’ll need to verify the proof of funds. Usually, the buyer will be required to provide 1%-2% of the price as earnest money along with bank statements or investment statements.

A professional real estate agent can help guide you through the process of accepting a cash offer. If you’re selling a home, contact us at Randy Lindsay for more real estate advice.


Randy has enjoyed over 27 wonderful years in the Real Estate industry making dreams come true for homeowners.

Superior customer service is #1 to Randy and he provides this to all of his clients using knowledge, professionalism, integrity and persistence.

Randy is a successful and experienced real estate agent who expertly represents both buyers and sellers. Scores of Charlotte area residents have trusted Randy in the process of listing their homes to sell.

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