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Could you give me advice on an all cash sale?

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March 04 2012 - Detroit
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Unless you really have a need to pay cash, keep in mind that interest paid on a loan is tax deductable. Get with your CPA for a good answer and some good advise.
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March 06 2012
user150564 / Why would you liquidate assets when you can borrow in the 3% to 4% range? / Also / With 40% of the purchase price in "Pledged Assets"/ You may receive up to 90% loan-to-value and still be allowed to take advantage of the Interest / Dividends on your investments / And continue performing your own Stock Trades / Rudi
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March 05 2012
Get a professional on your side, the seller has one!
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March 04 2012
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Get an appraisal done. Just because you have cash does not mean you should pay $200k for a house that will only appraise at $160k. Get a house inspection done. You want to know what kind of problems you are buying into.
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March 04 2012
Sellers often give more favorable consideration to a cash sale due to a quicker closing and not having to worry about the appraisal. Sometimes sellers will sell lower for cash because they feel there is a guaranteed closing. Like anything else, cash is king.
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March 04 2012
I can't comment on your question without more detail.
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March 04 2012
 
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