3 Smart Advantages To A Cash Purchase

The cash-is-king phenomenon is being reported by Realtors across the country. There are many benefits to paying cash in a closing transaction. If you’re considering a cash purchase, here are some pointers.

1. Lower Purchase Price – Cash buyers usually always get a discount! It is very attractive to sellers to see cash offers.  This means the likely hood of closing the transaction is a lot better than an offer with a financing contingency.
2.  Quicker Closing – Paying with cash also speeds up the process.  The average closing time on a transaction with financing is 45 days.
3. Closing costs are lower – Cash buyers can also save on closing costs. You don’t have to fork over money to pay a bank or an attorney for the mortgage. And since no mortgage, no loan policy needs to issued or paid for. And you aren’t required to cough up $400 to $600 for an appraisal, which mortgage lenders insist upon, or, in a growing number of cases, multiple appraisals. (The ­multiple appraisal requirement is popping up in foreclosure-riddled areas where non-distressed homes have few sales to be compared against.)

Title Junction is a full service real estate title company serving the area of Fort Myers, Cape Coral and the entire state of Florida since 2005. The company handles a number of real estate title services for both commercial and residential properties. Employees of Title Junction can also act as a witness in courtesy closings as well as an escrow agent or a notary public.

Please contact Jennifer Ferri of Title Junction, LLC for further information @ 239-415-6574 or www.title-junction.com