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A cash offer on house meaning may sound like an oxymoron, but it’s actually very common and can be a good option for both buyers and sellers. The term is usually used to describe a purchase where the buyer has enough cash to buy the home outright and pay closing costs, taxes and other fees. The perks of a cash offer include lower closing costs, no mortgage interest and more options for home buyers than those who use a loan to purchase a property. In addition, the process of buying a home with cash typically runs faster and …
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