Home Buying in Cabazon>Question Details

Same, Home Buyer in California

How difficult is it to purchase a home today with an all cash offer?

Asked by Same, California Fri Apr 10, 2009

Ready to pay cash for repo home in the area of Banning or Cabazon Ca. How do I go about making the offer and getting answers in a timely menner?

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Your offer to purchase will be treated as any other offer where the buyer has been preapproved for a mortgage. Remember - CASH - means simply that the money will transferred to the seller from the buyer at close of escrow. Whether that money comes out a personal account owned by you or from the lending institution makes no difference. However that is not to say there are not advantages to having your own money. The primary one is potentially being able to close more quickly. You would not have to wait for the lender to draw loan docs for example. The requirements to close will remain effectively the same however. You should get an appraisal and home inspection on the property. Open an escrow and order a title search etc. Using a Realtor to assist you through the process is smart and recommended. There are many contractual pitfalls that can be avoided when using a Realtor. If you are not currently being advised by an Realtor I can assist you. http://AmerimacRES.com offers a REBATE of 50% of our commission to buyers. This offer would go along way toward paying the necessary closing costs on the purchase. Feel free to contact me at: Mailto:Wallace@AmerimacRES.com or 800 784 2838. Good luck!
Web Reference: http://AmerimacRES.com
0 votes Thank Flag Link Fri Apr 10, 2009
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