The days of people buying houses for cash are largely over. Even those who pay "CASH" are often using proceeds from another property they sold. Many would rather have a payment-than not having a life working those kind of hours-I know I would.
The second cheque does include the proceeds of the sale of the previous property. We've upgraded whenever we moved, so we've always had to add some cash. Our houses have always been very saleable (good condition, good location, reasonable price) and typically sell within a couple of days. So fortunately for us, we've never even had to use interim financing.
