fbpx

What is an All-Cash Offer?

“Cash is king”—in a hot real estate market, this adage is definitely true. At the height of the market last summer, we saw all-cash offers become wildly popular. The market has begun to moderate slightly, but cash offers are still hot.

If you’re thinking of selling your home, you might be wondering about all-cash offers. What are they, exactly? What does receiving an all-cash offer mean for you as a seller? Finally, should you be prepared to make an all-cash offer when you look for your next home?

We’ll run through the answers to these questions so you feel prepared for your next real estate transaction.

What is an all-cash offer?

An all-cash offer is when a buyer is able to pay for a home without taking out a mortgage. Logistically, this usually means the buyer is paying with a certified check or sometimes a wire transfer. They might truly have that much cash, or they might be borrowing it—just not borrowing it against the property (as with a traditional mortgage).

Effectively, cash offers waive what’s known as a financing contingency. When a home is purchased with traditional financing, the financing contingency usually states that if the financing doesn’t come through by a certain date, the buyer can walk away—WITH the money they put down.

In a cash sale, the buyer waives this ability to walk away with their earnest money if something happens and they can’t finish the deal. The seller would get to keep any down payment the buyer had made. Therefore, the size of the down payment is important in an all-cash offer; the bigger the down payment, the more serious the buyer appears and the more likely the seller is to accept their offer.

What does an all-cash offer mean for you as a seller?

Selling your home for cash is simpler and faster than selling with a financing contingency. You know the buyer is serious as long as they put down a substantial down payment, and there’s much less risk of the sale falling through. You also remove the risk of your property appraising lower than what the buyers offered—when this happens, a buyer has to cover the difference between the appraisal amount (which their mortgage will cover) and their original offer. If they don’t have that extra cash, they’ll have to walk away. Lastly, an all-cash deal can close much faster than one involving financing.

Should you be prepared to make an all-cash offer for your next home?

If you’re selling your current home to buy a new one, you might want to be prepared to make an all-cash offer as a buyer, as well. A cash offer makes you a much more competitive buyer, for all the reasons we’ve reviewed above. Don’t miss out on your dream home due to financing!

If you see the benefit of all-cash offers both as a seller and a buyer, we’d love to help at MarketPro Homebuyers. You can list your home on the market and hope for a cash offer, or you can get one now from MarketPro. When you sell your home to us, you’ll get the cash you want without the stress, time, and money spent listing your home the traditional way.

Work with MarketPro:

We’ll give you a fast and fair cash offer for your current home just as it is now; no repairs, no inspection, no commissions or fees. You can even choose your exact closing date to coordinate perfectly with the purchase of your new home. Our team will walk you through your quote, including a review of what your home would likely bring on the open market. Sell your home the easy way so you can be ready to make an all-cash offer on your dream home!

If you’re in Washington, D.C., Maryland, Virginia, or Pennsylvania, we’d love to show you how easy and stress-free the sales process can be. Contact us today for a same-day, no-pressure quote.

Karen JNew Windsor, MD
Start With Trust Read More
I'll admit. I was a bit skeptical about using MarketPro Homebuyers but I'm so glad we did!! Working with MarketPro lifted a huge weight off my shoulders. More Reviews
Renato CLandover, MD
Start With Trust Read More
MarketPro exceeded my expectationsI wanted to sell my home, but going the traditional route was not realistic for me as it would have been time consuming and expensive to do…I sit here in my new home because MarketPro made it happen. More Reviews
Ann TGlenside, PA
Start With Trust Read More
MarketPro maintains one of the most professional, experienced staff I have met. They were there for me every step of the way and guided me through a difficult situation presented by the mortgage loan company that had not been resolved in the past. More Reviews
John HLandover, MD
Start With Trust Read More
I am very satisfied with Market Pro’s service in promptly and efficiently handling the sale of my property from contract signing to closing. I am extremely happy with the whole process and highly recommend MarketPro if you have a house to sell. More Reviews
Anne CAlexandria, VA
Start With Trust Read More
A great experience from start to finish. They made a good offer on my condo and communication was tremendous from the time I contracted with them through settlement. Highly recommend MarketPro! More Reviews
Angela MWashington, DC
Start With Trust Read More
I am very satisfied with the services that MarketPro Homebuyers provided me. The closing specialist was amazing and went the extra mile in helping me I would highly recommend this company if you are trying to sell your home stress-free. More Reviews
Theresa OBowie, MD
Start With Trust Read More
I rate my experience with MarketPro Homebuyers as exceptional. They have an outstanding team to work with you based on your need. Each team member was very professional in their respective roles. More Reviews
Henry ZWaldorf, MD
Start With Trust Read More
From start to finish, Market Pro Homebuyers does what it advertises. The staff were informative and helpful on many details I overlooked. Worked for me and my situation. Prompt, courteous, efficient, responsive when needed. More Reviews
Arthur WMount Rainier, MD
Start With Trust Read More
Very easy to work with. Got the best offer from them. They were helpful in finding a place, giving advice on getting a good mover. Any questions were handled to my satisfaction. Highly recommended! More Reviews
Nancy AReistertown, MD
Start With Trust Read More
I sold three houses before and I just couldn't do another staging and spending money on repairs, paying a percentage to an agent and going to a settlement that takes forever. I chose MarketPro and it was an almost seamless process that took so little time I was amazed... More Reviews
Robin MGlen Burnie, MD
Start With Trust Read More
The company was prompt meeting me. We came up with a price that I could agree on, and they got rid of all the junk acquired over the years. I was not required to change anything and was able to walk away from the property as it was. More Reviews
Lydia HWashington, D.C.
Start With Trust Read More
Excellent, professional and expedient company! This team had everything covered. More Reviews
Terri MWashington, D.C.
Start With Trust Read More
I was very pleased with my experience with this company. They delivered on all of their promises and made this an easy and painless experience. More Reviews
Jamie HKensington, MD
Start With Trust Read More
It was an easy, smooth and stress-free transaction…no inspections, closing closts and settlement was a breeze! Highly recommend. More Reviews
George JGaithersburg, MD
Start With Trust Read More
An excellent transaction from start to finish. Very pleased with the way things turned out. More Reviews
Aysha JJenkintown, PA
Start With Trust Read More
Great experience, all of the staff were kind and professional and they took care of everything smoothly and in a very timely manner. More Reviews
Barbara HCollege Park, MD
Start With Trust Read More
Kudos to the MarketPro team for their assistance in closing on my property…Each team member had a role to play and provided expert service…MarketPro delivered what they promised and made me another very satisfied customer. More Reviews
Amy SGlenside, PA
Start With Trust Read More
When something unexpected happened and impacted closing, they worked hard to resolve it. I always got immediate answers. Even after closing, I still got an immediate response…MarketPro was well beyond my expectation! More Reviews
Maury BBaltimore, MD
Read More
MarketPro HOMEBUYERS made the process of selling my home easy. All aspects of the sale were handled in a professional manner. A special thanks goes out to Sandy for her diligence and guidance during the process. Thank you again MarketPro HOMEBUYERS. More Reviews
Felicia DSilver Spring, MD
Read More
MarketPro gave a fair offer for the house in as-is condition, they paid all closing costs, and I didn't have to clear out the entire house containing 45 years' worth of collected goods...MarketPro is a fair company who did what they said they would do and put everything in writing. More Reviews
Jong YHuntingdon Valley, PA
Read More
MarketPro is fantastic. They offered the most money for our property compared to all others. Most importantly, they were no-hassle in approach, never over-talked or oversold, and always focused on point. Because of my experience with everyone, I have a very high opinion of MarketPro.More Reviews
T.H.Washington, DC
Read More
My husband was unexpectedly tasked with the responsibility of handling the sale of his mother's property…all the folks at MarketPro walked my husband all the way through the process providing him with reassurance, patience, clear directions, and expectations for every step of the way. More Reviews
Francine MWashington, DC
Read More
Thank you for conducting your business in such a way that makes selling a home a hassle free event. We look forward to seeing what becomes of the home and we hope the new owners make good memories in the home like we did. More Reviews
Bryan MPhiladelphia, PA
Read More
My mom had one heck of a year and needed to sell her house. MarketPro, was one of several interested buyers of her home, as-is. They offered her the most out of everyone she spoke to. The closing specialist from MarketPro was her life preserver. More Reviews
Marty BDrexel Hill, PA
Read More
I communicated with Nicole during the selling process. Nicole was always friendly and helpful. When I hit a glitch (a health issue), just days before the scheduled settlement, I talked to Nicole and our time frame was adjusted. More Reviews
Loriann SPhiladelphia, PA
Read More
It was a pleasure working with the MarketPro team on the sale of our family home. Everyone was courteous, understanding, and responsive. All of our questions and concerns were promptly addressed, and any issues resolved. They were flexible, accommodating and did not rush through the process. More Reviews
Joette HLaurel, MD
Read More
Used this team due to a death in the family. They were extremely empathetic. This was a very smooth process which allowed us the time we needed to handle other aspects surrounding the estate. I would highly recommend these folks. More Reviews
Jennifer MPhiladelphia, PA
Read More
We worked closely with MarketPro. They were with us every step of the way - answering all of our many questions and keeping us updated on every part of the process. They are very professional and knowledgeable. We are very happy with our experience! More Reviews
Simone CCapitol Heights, MD
Read More
MarketPro Homebuyers made the selling process so easy and pain free! They were available every time I had a question and we were able to sell quickly. I would definitely use them again! More Reviews
Danny & Bonnnie HWoodbridge, VA
Read More
I would recommend MarketPro to not only my family & friends but to anyone that needed to sell their home. Thanks to all at MarketPro for helping us to move to our dream house! More Reviews
John HHalethorpe, MD
Read More
I am very satisfied with MarketPro's service in promptly and efficiently handling the sale of my property from contract signing to closing. I am extremely happy with the whole process and highly recommend MarketPro if you have a house to sell. More Reviews
Sabrina MTemple Hills, MD
Read More
We needed to sell quickly and worked with MarketPro Homebuyers on a previous transaction. We were pleased with the quick service and professionalism. We would recommend MarketPro Homebuyers to anyone! More Reviews
Danny JWoodbridge, VA
Read More
My parents and I worked with MarketPro and were very happy with their services. The transition was quick and very easy. Thank you so much to your entire team for being honest and helping us get through this situation. More Reviews
Previous
Next

You Might Also Like

Ready to Sell Your Home?

Schedule a Visit

Click the button below to meet with a member of our team and go over your options. Appointments can be made in-person or virtually.

Close

Close on your timeline. We can accommodate any need, giving you full control over the selling process.

Get Paid

Get the cash you need now. You don't have to wait months for your house to sell.