A cash offer in real estate basically means that the buyer does not finance the purchase with a mortgage. Instead, they purchase the house with a check or wire transfer for the full amount. A cash offer just means that the buyer has the full sale amount in their bank account.
You might not think that many people have the liquid assets to purchase a home for cash. But all-cash sales are actually increasingly popular. In January through June of 2021, almost one third of home purchases were cash sales sell your house fast in maricopa county