Ten days from contract to close of escrow. That's what happened with this house. A cash buyer came along ten days ago and made an offer the seller couldn't resist. Cash buy - fast close. It's the best way to make a great deal. For the seller it's hard to resist because they can practically smell the money and feel the relief.
In ten days it'll all be over.
This house was listed for $890,000 and sold today for just $753,000,
or 84% of list price. And it had only been on the market for 3 1/2 months, not a terribly long time these days.
The cash buy, fast close strategy is like a dream come true and sellers are ready to jump through hoops to make it happen, because there's no more sure thing than a cash buyer and a fast close.
And in today's very iffy mortgage market, a cash buyer is a gift from heaven.
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