Cash talks, other stuff walks. You will need to provide proof of funds in the way of a bank statement to be taken seriously. Cash buyer's have the benefit that their offers are not subject to the lenders whim. If you give me cash, I'll take it as long as it's real; I don't care about your credit past.
Now a practical matter, don't bring a suitcase of money house shopping. A copy of your bank statement attached to an offer is adequate. Your bank will wire the funds to the closing agent when the time comes.
Cash is the BEST way. the only thing a buyer needs to show is proof of funds. i.e. that the money is in the bank, and that it has been in the bank for a period of time (called siezen).
If you would like more detail, feel free to contact.
Long & Foster Real Estate
Most important is to find a good Real Estate agent to guide you through the buying process.
Good Luck in your Home search .
There is a growing amount of cash buyers in todayâ€™s market. A cash offer will often be accepted in a multiple offer situation. There are some limitations for cash offers in that most sellers will not help with buyerâ€™s closing. Sellers may expect more from cash offers.
The benefit to cash offers is that you can usually close quickly. Donâ€™t forget to have all of the inspections necessary to determine the condition of the home you are buying. Take time to do your diligence in investigating the property.
Prudential California Realty
In terms of pricing strategy it is important as a buyer to realize in this local market houses are settling 88-95% the asking price on average.
Don't hesitate to reach out to discuss other details to the buying process.
Just make sure before writing an offer that you can provide 'proof of funds' to the seller. This can be a recent bank statement or a letter from your bank that shows that you have the cash on hand to buy a home.
Best of Luck,
Century 21 tenace