All cash vs. financing from seller's perspective

[Brandon Pelfrey]

This is totally a newbie question, but what difference does it make for the seller if the buyer is paying all cash as opposed to the various ways the buyer can use to finance a purchase?

[Nikki Kofkin]

Hey Brandon! A quick answer for you, a cash buyer usually can close more quickly because an inspection and appraisal is not required as it is for buyers with financing. The banks require an inspection and appraisal for your mortgage approval. So if closing quickly is a factor to your seller, cash is king.