As mentioned - no credit needed when paying cash. If your purchase will be greater than $50,000 then you will have to wire the funds to the closing.
Along with the contract on the home you want you will also need to provide a statement showing that you have the funds in an account with your name on it.
Should you need any assistance, feel free to contact me.
If you are buying in cash not requiring any financing credit will not be an issue.
Please be careful ! Use a real estate attorney to make sure the house you are buying cash is free and clear with no debts owed on title and liens.
Contact a Realtor and buy your new home!
Real Estate Broker
Century 21 McMullen
#1. It would take about six seconds for those who have a big pile of mattress money to realize that they can have their thugs go rob the closing office immediated after closing. This places everyone in great danger. That means the money will be transferred within the banking system, not by sneaker net.
#2. If you put the money in the bank.....well there is the $10,000 limit, and seasoning requirements.
Yes, there are exceptions. Yes you can buy a house with a shopping bag full of money, but you need to find a kindred spirit to pull that off.
First Service Realty
This is my curiousity and has nothing to do with the original person who raised the question.