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Sherry Sim

Real Estate & Market Conditions in San Luis Obispo County.


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Is Cash Superior to Financing?


Is a cash offer superior to one with financing?  Recently, I was asked why the seller accepted a cash offer over an offer with a loan contingency.  Is cash preferred over financing?  


I think it depends on the type of sale and the seller. A cash offer is usually preferred by lenders.  I don’t think it depends on the type of market.  Whether it’s a buyer’s, seller’s market, normal market or a mixed market, cash has often been preferred by sellers over a purchase that’s been financed.  


In a cash offer, the key advantages could be an earlier close of escrow, possibly no appraisals, and certainly no loan contingencies.  These positives are especially preferred in short sales.

If you were the seller, would you accept cash over an offer that's subject to a loan?



Info provided as a courtesy by Sherry Sim, Broker/Owner of Sims & Company, offering real estate services in Cayucos, Cambria, Los Osos, Morro Bay, San Luis Obispo & rest of beautiful Central Coast, San Luis Obispo County.


For real estate information, including list of foreclosures & short sales,

 please call/text Sherry @ (805) 234-4315 

 or Email: Sherry@SherrySim.com

 Visit www.SherrySim.com or www.ShortSalesAndREOs.com


Copyright Sherry Sim 2012 


Posted: Wednesday, April 11, 2012 12:35 AM by Sherry Peckhoon Sim


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