In Maryland - especially around the DMV area - multiple offers on a home are to be expected. In many cases, offers from potential buyers include "all cash". Buyers that require financing might shy away from a deal with other buyers offering cash, but there may be reason to continue to compete with a financed offer. While it is true that cash offers might get closed quickly - with less contingencies - they also come with strings of their own. In many cases, cash buyers feel that offering a lower than market price is justified. When financing, you can leverage enough to make a fair price offer. If you are pre qualified or pre approved up to a certain price, it is often perceived as strong enough to compete with all cash offers.
Don't let cash offers beat you out on your dream home. Call me today and let's talk options - 410-271-9499.
https://www.realtor.com/news/trends/boomers-cash-offer-homebuyer-nar-2026/
