Why a mortgaged home is easier to sell

Editor's note: Robert Bruss passed away on Sept. 26, 2007. This was one of the last real estate columns he wrote. Inman News is publishing Bob's last work as a final salute to the nation's most well-known real estate writer.

DEAR BOB: I know you have addressed this topic many times, but I am still confused. Why do you advise against paying 100 percent cash for a home? I understand it is a large amount of cash to tie up. But when the homeowner needs to sell, won't the buyer have to come up with cash for 100 percent of the sales price?

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