Tips from a Buyer’s Agent: Why are Cash Offers Better?

If you’re a buyer searching for real estate in the Denver market it will come as no surprise for me to mention it’s an extremely competitive market right now. You may have even felt the sting of losing an offer or two throughout the process. When you & your agent are crafting offers it can be difficult to stand out when there are many similar offers for the seller to pick from. Especially if you’re submitting a conventional mortgage against a cash offer. But, why do sellers value cash more than other non-cash offers? Let’s unpack this question!

I’d say most directly sellers prefer cash offers because there is more certainty the deal will actually close. The average time it takes for a purchase mortgage to close (aka buyer to close on a home) is 47 days. During this time a number of problems can arise that can crash a deal. Appraisals can come in lower, a buyer can lose their job, or any other similar incident can cause the deal to be dead in the water. This leaves the seller in a position of starting the selling process all over again. Cash offers signal to the seller & their agent that your deal has the highest likelihood of being seen through to the closing table!

So now what? It’s not like you’re not trying to make & save more money, but who really has hundreds of thousands of dollars burning a hole in their pocket to be plopped down for a new house? Yeah me neither. This is where Accept.inc comes in. Here’s a quick video to explain:

Pretty cool, but what’s the catch? Well, there really isn’t a catch. Accept.inc is a mortgage company & operates as such, which means they don’t charge you anything extra to use their services. This doesn’t change how the deal is done, you’ll still have inspections, appraisals, and negotiations, but Accept.inc empowers you as the buyer to stand out & get the best deal for yourself.

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