LogFAQs > #949470608

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Topic	WTF is the point in buying a home when someone has the money to pay it in full??
Zano 01/13/21 7:14:16 PM #19:	If someone buys a house fully in cash, there's a they probably plan to get a loan on the property later (many people apparently don't realize that you can do this) and there's a good chance that it's an investor. Offering to pay 100% up front with cash makes it more likely that the seller will accept the offer since there will not be a financing contingency. No financing contingency means no having to deal with banks which means the closing could happen in just a couple of days with little or no BS. --- https://imgur.com/MDQBi2C <cite>Zano posted [p:949470608] in WTF is the... [t:79237265]...</cite> <quote>If someone buys a house fully in cash, there's a they probably plan to get a loan on the property later (many people apparently don't realize that you can do this) and there's a good chance that it's an investor. Offering to pay 100% up front with cash makes it more likely that the seller will accept the offer since there will not be a financing contingency. No financing contingency means no having to deal with banks which means the closing could happen in just a couple of days with little or no BS. --- https://imgur.com/MDQBi2C </quote> ... Copied to Clipboard!
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