What does a "cash buyer" really mean?
I want to understand what a "cash buyer" really is. I read lots of posts looking for cash buyers. So my questions.
Is a cash buyer really using cash, or is a hard money loan or even personal home equity line of credit being used most of the time?
What makes a cash buyer so much more attractive?
Is there a certain $$$ price limit that lends itself to cash buyers? Like distressed homes selling under $20K perhaps?
Lastly does a cash buyer often not need / want an inspection because they do it themselves? I assume even a cash buyer would want / need title insurance, perhaps they would skip an appraisal.
I tried to find some answers on these forums but it just seems like everyone assumes everyone else knows why cash buyers are nearly essential.
Thanks for your time
-Chris Haas