Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Compare this investment to your other assets. Your cash assets carry a lower return, probably have very low risk, but offer the highest liquidity. You want some of your assets in this form, but not more than you need for every day use and for emergencies.
Your bonds may have a higher or lower return, depending on their risk category. Adjusted for risk, however, they are an inferior investment to the no-mortgage. Only US Government bonds are risk free, and they yield 1-2% less than the no-mortgage. Furthermore, bonds are not very liquid in the small amounts you would sell. I prefer the no-mortgage over bonds.
[url]http://www.tkoconcrete.com/[/url]
in this market, a cash buyer should be worth something to a seller. the seller won't have to worry about any issues with the bank's appraisal, or any other issues with obtaining a mortgage. also, you should be able to close quickly which is another plus.
buying a house with all cash down to seller. no mortgage.
will this get the buyer a lower price.
Possibly a small amount, but probably not a great deal, at least in my market.
At the closing, the seller gets a check for the full amount. They aren't getting paid over a number of years. The reason a cash buyer is more attractive to the seller is that there is no worry over financing; the buyer HAS the money and doesn't need to jump through a lenders hoops to get it. Sellers may be willing to give up some money in in return for being more comfortable about the security of the contract. Are you planning to have an appraisal clause in your contract, to be sure you aren't paying more than an appraisal says the house is worth? If so, that negates much of that comfort level.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
