For a seller, a cash offer is attractive mainly because it removes financing risk, not because it removes the need for a proper contract. An offer with no financing condition can still fall through over an inspection issue or a title problem, so the paperwork deserves the same attention a mortgage-backed deal gets.
Title transfers through Information Services Corporation and the sale closes through a Saskatchewan lawyer, with legal fees typically $800 to $1,500 and overall seller closing costs of 4 to 6 percent, whether or not a lender is involved. A buyer waiving inspection to look more competitive does not remove the seller's disclosure obligations either.
Joel structures a cash sale to close quickly without cutting the steps that protect both sides. Get your hand-reviewed valuation from Joel Dyck.