What does "cash out" mean for selling a property?
Newbie question, but I have a seller who wants to list his property and have available terms of "Cash, Conventional Loan, or Cash-Out". What exactly is the difference between a cash sale and a Cash-Out sale?
[{"id": "dt39iz8", "text": "He probably means a cash out refi. Taking a loan using the equity in an existing property. ", "replies": [{"id": "dt3p3r3", "text": "But where does a refi come into play when selling? ", "replies": [], "depth": 2}], "depth": 1}, {"id": "dt3vuv1", "text": "\u201cCashing out \u201c usually means they are not willing to carry a note .", "replies": [{"id": "dt4itx6", "text": "Perfect, thank you!", "replies": [], "depth": 2}], "depth": 1}]