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What about purchase home in cash? I get beter price?and what about closing cost

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February 03 - Nashville
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Answers (6)

Closing costs are significantly less when paying cash, but there are still costs involved - particularly if you still require title insurance or an appraisal. Those fees can be negotiable, but more areas have protocols that are normal and expected. They can very significantly from region to region. 
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February 18
You will definitely pay less closing costs if you are a cash buyer. As far as getting it for a better price...that depends on the market. Most sellers usually want the most money in their pocket when all is said and done. Next to that, they want the sale to close. Cash sales close. Financed sales always have an element of doubt until it closes.
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February 09
Cash can definitely make the process smoother and is a great arguing point for getting a home at a better cost. As strict as many lending institutions are right now I have seen hundreds of pre qualifications be absolutely worthless 3 weeks into the process. By be a cash buyer your agent can argue
-Quick closing
-Less hang ups on inspection contingencies
-No need to worry about timely appraisals and appraisal issues
-Sellers save thousands on closing costs many buyers will ask for

I guarantee to get you a great deal if you are paying cash for your next home
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February 09

Not really.  It all depends on the offer.  As long as buyer is fully qualified for a loan or shows documentation/proof of cash it won't matter -- BUT
Cash is convenient -- you don't have to abide by all the lending rules -- but the bottom line is going to determine a deal.  How much buyer and seller negotiate on closing costs, repairs, etc.

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February 07
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A seller will evaluate all offers and look at several items in offers to make a decision.    Their bottom line and the probability to close are two biggies.     Cash with documentation of funds available improves the probability to close and can be a quicker closing if desired.   A cash offer with a small bottom line than a financed offer with a high probability of closing is likely to be rejected.   In other words, one does not get a discount for paying cash.

Many closing costs are related to financing, so you would avoid most (but not all) of those. 
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February 03
Not necessarily? Just a quicker closing.
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February 03
 
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