Cash vs. financed land sales MS

Selling for cash offers a quicker closing process, eliminates the risk of buyer financing falling through, reduces transaction costs, and provides immediate liquidity.

Financing typically extends the timeline due to lender requirements, such as appraisals and credit checks, which can take weeks or even months to complete.

Yes, risks include potential buyer default, extended timeframes for receiving full payment, and complications from fluctuating interest rates affecting loan affordability.

Cash sales might attract lower offers since buyers often expect a discount for providing immediate funds; however, sellers gain by avoiding prolonged uncertainty and additional costs.

For cash sales, essential documents include the deed and proof of ownership. Financed sales require additional paperwork like mortgage documents, loan agreements, and lender disclosures.