Which one’s better, Cash Offer or Loan Offer?
Cash offer versus loan offer which one is better?
Well When you’re trying to buy a home, the sale price isn’t the only thing to consider. The type of offer you make can also have an impact on whether or not you win the bid. So, what’s better – a cash offer or a loan offer?
A loan offer may beat a cash offer when the interest rate is lower and the monthly payments are affordable. This will give the buyer advantages because now they can offer more for the home than all cash buyers because the cash buyers have a limited amount of buying power and most likely can only afford to provide as much as there cash reserves
If you’re considering making an offer on a home, weigh your options carefully before deciding which type of offer to make. It could mean winning the bid and losing out on your dream home.