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The definition of a cash house buyer is someone who can purchase property outright with money they have at their disposal; meaning they do not need to get a mortgage or loan to buy the home in question. A cash buyer must, however, have the money available at the time of making an offer to truly be considered as such, which is where the water can sometimes get muddied.
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Did you know that over two-thirds of all real estate activity occurs using a mortgage? Although it is rare for people to buy homes for cash, it does happen occasionally. Accordingly, it would make sense to examine the benefits of a cash sale. That way, if such an offer was ever proposed, you would know how to respond.
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