- Credit Card
- Real Estate
There seems to be a a belief that a bank or individual will always take cash over conventional financing from a buyer, even if the buyer who is purchasing through conventional financing offers a greater amount.
If a home is on the market for US $120k and an investor offers US $100k cash versus another buyer offer US $130k via conventional financing; would a bank or individual go with the cash offer? Are there hidden fees that conventional financing imposes that cause this behavior or is this assumption in and of itself incorrect?