Is paying in cash the only way to close a deal?

I live in the SF Bay area and I’ve heard that if you don’t have “all cash” then you’ll likely won’t make it in the housing market, is this true? There are horror stories about a home being offered for $2M going for $3M in Berkley. Imagine paying a million over the asking price and the sale was cash only. I understand that sellers would prefer cash buyers over mortgages but what chances do we have to close a good deal on a home? by jshirley597 from San Francisco, California. Jan 7th 2022 Reply