In a cash sale, what does the seller provide while the buyer pays in cash?

In a cash sale, when the buyer pays in cash, the seller provides a deed. The deed is a legal document that conveys ownership of the property from the seller to the buyer. It serves to officially transfer the rights to the property, ensuring that the buyer is recognized as the new owner.

In this transaction, since there is no financing involved (as would be the case with a mortgage or promissory note), the deed is essential for completing the exchange of ownership. It is important that the deed is properly executed and delivered to the buyer at closing to finalize the sale. This legal transfer is crucial in real estate transactions, as it protects both parties by documenting the change in ownership.

Other options, such as a mortgage or promissory note, are typically associated with financed transactions rather than cash sales. A title report is important for determining the legal ownership and any liens or encumbrances, but it is not what the seller provides in the exchange for cash payment. Thus, the deed is the correct answer in the context of a cash sale.