Should you pay cash for a home? If you ask an Orange County realtor this question you will
get a different opinion from every realtor but the realty is that buying a home with cash does
have numerous advantages.
Cash Is King
The first reason why cash offers are better is that sellers love cash and they will almost
always choose cash offers over traditional financing because they know that cash deals will
close quicker and there will be less financing “stumbling blocks” than those buyers who are
using financing to buy a home. In many cases a home can close in as little as seven days
when a buyer pays with cash compared to 45 days or longer when a buyer finances their
No Mortgage Payments
Besides being able to close on a home quickly, the next obvious benefit that a buyer will
enjoy when they pay cash for a home is that they will not have a mortgage payment. This
can be highly beneficial over a 30-year period especially when the economy peaks or
declines and mortgage rates go up or down.
Buyers who can pay all cash for their homes don’t have to deal with the hassles of
contingencies like appraisal contingencies where (where an appraiser will compare three
properties in the area) or funding contingencies (stumbling blocks that could come up
because, the buyer has problems with their credit etc.
Unlike buyers who finance their homes, people who pay cash for their homes have a greater
sense of peace and security because; they truly own their homes and don’t have to make a
mortgage payment every single month.
To learn more about the benefits of being an all cash buyer contact one of the top Orange
County realtors at Fred Sed & Associates today by calling us at (949) 272-0125 or by
emailing us at: email@example.com.