Q & A: All Cash

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  1. What are the advantages and disadvantages of an all-cash offer?

What are the advantages and disadvantages of an all-cash offer?

Though most buyers cannot consider purchasing a home with cash, the ones who can must decide if it is more beneficial to pay cash or finance the purchase of their home. Paying cash has many advantages, such as not having to pay closing and lender fees as well as never paying mortgage interest (which over time can add up to hundreds of thousands of dollars). In addition, since all-cash payments avoid the hassle and time constraints of having to work through a lender, such offers are far more appealing to sellers. But, buyers must also consider the effects purchasing a home in cash may have on their savings and investments. Therefore, it is wise to speak with a financial advisor to discuss the best option for you and your family.

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