Are cash home buyers the best? The answer to this question is easy; yes! Cash home buyers are always better than the competition who have been pre-qualified for mortgage loans because of the following reasons:
The seller doesn’t have to worry or wonder if you as the buyer has been pre-qualified for a mortgage loan because, they have the cash to come in and buy the home. This leverage also enables the home buyer to ask for things like: home repairs, cash allowance, homeowner’s warranty and more.
Long Term Savings
Cash home buyers will benefit over the next 10 years of their lives because, they won’t have to pay a high interest rate or other fees that come over the lifetime of a mortgage loan.
Once you as the buyer pays cash for a home, you will have financial freedom over the next 10 to 30 years, that you can use the cash that you saved from not paying a mortgage for things like investing in stocks, bonds or mutual funds, buying more real estate, paying cash for a new vehicle, and better quality of life.
No More Low Appraisals
When someone buys a home with a mortgage, they risk the problem of the lender appraising that home low, especially when they evaluate comparable homes that have sold in the same neighborhood in recent months.
Thankfully when a buyer pays all cash, they can eliminate the need to fill out a mortgage application or deal with a lender and they can have complete peace of mind in knowing that they are getting the best value for their investment like the homeowner who is enjoying the benefit of having someone pay in cash for their home.
To learn more tips on buying an Orange County Home with cash, or to view the latest homes for sale in this area, contact Fred Sed & Associates today by calling (949) 272-0125.