Montecito Contemporary Home with ocean, mountain views In real estate, all-cash buyers are king. It's common knowledge that buyers who come in with all-cash offers can close quickly and offer the most secure deals, often beating out other offers backed by conventional financing. But with recent mortgage rates at record lows, financing has also become very appealing. So which option should you choose?

A recent phenomenon called delayed financing is becoming a common practice of affluent buyers. Instead of deciding between bringing a strong, all-cash offer and the benefit of record-low financing, buyers are choosing both. With limited inventory and competitive bidding, these buyers are coming in with strong, all-cash offers, only to turn around and secure financing as soon escrow closes. Rarely used two years ago, delayed financing is becoming very popular in >$1 million coastal housing markets. To learn more, check out this recent Wall Street Journal article.