Homebuyers get a steep discount with cash offers
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Homebuyers get a steep discount with cash offers

Homebuyers who pay cash for a property can spend 10% less on average than those who take out a mortgage‚ new research from UC San Diego';s Rady School of Management suggests. Why it matters: The discount gives cash buyers another advantage in a competitive and expensive real estate market‚ where they';re already favored over mortgage borrowers. Between the lines: Sellers prefer cash‚ even when it means leaving money on the table‚ because the deals are quicker and less risky than a mortgage offer...