Profile picture for user07658420

Not to sound pompous but if you are buying with cash is there a different process? Keep seeing brin

  • July 11 2013 - North Port
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (5)

Best Answer

Profile picture for wetdawgs
Purchasing all cash is very common.   It is easier because the purchaser doesn't have to worry about loan contingencies, appraisal contingencies and they can purchase a home needing repairs that many lenders would put the breaks on.    Purchasing all cash allows a quick closing if that is important to the deal.     

All cash is sometimes the only way to go in foreclosure auctions.



 
  • July 11 2013
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Absolutely and especially when it involves a short sale it certainly makes a difference. Especially when the price is comparable to offers with financing contingencies.
  • September 22 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Buying process is more or less the same but there are advantages to paying all cash - cash buyers often get a discount & Closing costs are lower with cash
  • September 22 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Blue in d Nile
The two big issues with cash are:
1) can buy a house with substantial defects that you plan to fix yourself, that would possibly be a problem with most loans (other than 203k).

2) Much shorter escrow time.

As far as contingencies, you can still place any you want, but you would not have a loan funding contingency, which would make your offer stronger.
  • July 11 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Yes, you won't have to go see a loan officer and deal with them and their requests. Otherwise it is about the same process, you will have more options like survey, title insurance, appraisal which all would be a good idea to get anyway to protect yourself.
  • July 11 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.