If you’re buying a home in a competitive market—like this one—making a cash offer gives you a major advantage. Home buyers who made an all-cash offer in 2021 were four times more likely to win a bidding war, according to a recent report by Redfin, the real estate brokerage.
Buyers have gotten the message. Amid intense competition due to super-low inventories of homes for sale, the number of all-cash offers has grown. In December 2021, nearly one-fourth of existing home sales involved an...
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