Things tend to go faster with cash buyers. In particular, no risk the bank will decline them for a mortgage. I suppose there's less difference if they're preapproved.
Even preapprovals can fall through as the bank can decline to fund when they see the home in question or the valuation comes in lower than the sale price.
In a hot market cash is king as it removes 2 of 3 most common contingencies people have. For the seller this is two less weeks where things can fall through.
In a hot market cash is king as it removes 2 of 3 most common contingencies people have. For the seller this is two less weeks where things can fall through.