Home Buying in Arlington>Question Details

Kj, Home Buyer in Arlington, TN

I have just received a large settlement & I would like to purchase a home cash. Is the process the same as purchasing through a bank/mortgage?

Asked by Kj, Arlington, TN Sun Jun 3, 2012

company? The home is in Arlington, TN.

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9
The basic process is the same just with no contingincy for a mortgage. You should have a buyer broker to guide you and will need to hgire a real estate attorney or title/closing company to close the transaction for you which includes a title search, completing the HUD and closing the deed.
Web Reference: http://www.ScottSellsNH.com
1 vote Thank Flag Link Sun Jun 3, 2012
It is so much easier. No worry that there banks appraisal will come in too low or have to pay so much more in closing costs. You still need to locate the home, negotiate the price with the help of your Realtor, have the inspections, etc. but the process can be so much faster.
1 vote Thank Flag Link Sun Jun 3, 2012
Yes, the process is the same except that you won't have any of the issues normally associated with obtaining a mortgage such as mortgage contingency and so on. You will just need to provide proof that you have the funds available to purchase the home.
1 vote Thank Flag Link Sun Jun 3, 2012
Kj, Did you end up purchasing a home? I would love to hear how the process went for you. Buying a home with cash ends up costing the buyer much less not only in closing costs/lender fees but also when you then of the interest you would have paid over the years. I hope you found exactly what you were looking for!
0 votes Thank Flag Link Fri May 9, 2014
Purchasing all cash is a great way to buy property. I have helped many buyers make good decision on purchasing property in all Cash situations. There are a few secrets that can help you make the right decision. Please give me a call if you are not currently working with a Realtor and I will be glad to help. Thanks, Tammy Norman, MidSouth Residential, 901 502-7770 Direct or 901 507-4680 Office.
0 votes Thank Flag Link Mon Jan 20, 2014
Kj. Still get an appraisal. Yes you are paying cash, but you want to make sure that you are not overpaying.
0 votes Thank Flag Link Mon Jun 17, 2013
We can answer your questions... Call us today to help you!

Laura and Jason
WallaceTeamSellsMemphis.com
0 votes Thank Flag Link Wed May 29, 2013
There is a home going on the market in the next 2 weeks in Arlington. Seller wants a quick sale. It is a 5 bedroom on apx 5 acres...very nice with many amenities...probably list for $325,000 If you want to save some money before it is listed, email me at: lindasmather@yahoo.com
0 votes Thank Flag Link Wed May 29, 2013
Hello Cash Buyer,

I have sold many homes to cash buyers and can help you through the process. If you are looking for a quick, efficient close, low closing fees, no hassle close, we can help!

Call us today!
Laura and Jason
901-486-0784
0 votes Thank Flag Link Fri Jun 15, 2012
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