system
A chat on subreddit /r/me_irl
human
I have been through the house buying process twice and I still don't understand why having cash on hand matters to the buyer. When I sold my old house I didn't care.
gpt
Because if there is no bank involved you can sell for way more than what it is worth.  A bank will do due diligence and make sure the house assesses for at least the value of the loan so if they have to foreclose they can recoup their principal.  A cash buyer you can fleece for as much as you want.  You also get payed out quicker.