5 Reasons Why You Should Pay Cash For Your Next Distressed House in Orange County

If you are in the market for a distressed house in the Orange County area, we can help! We work with investors every day to help them find the perfect property. In our latest post, learn a few of the reasons why you should pay cash for your next distressed house in Orange County. 

Paying cash for a distressed property is ideal. Especially seeing as most traditional lenders don’t typically provide loans for such “risky” properties. While it is possible to find a loan from certain types of lenders, you will likely be paying a good amount of interest. Below you will find some of the other benefits for paying cash for your next distressed property in Orange County!

Reason #1: Lower Your Monthly Expenses

One obvious reason to pay cash for a distressed house would be to lower your monthly expenses. Imagine buying a house, fixing it up, and not having to pay another dime towards mortgage or interest. You would be free to live in it, resell it or rent it out, with the majority of the rental income being pure profit. In turn, you can take the money you would be spending on the mortgage and reinvest it elsewhere! For many people, not having a mortgage payment would be a dream come true!

Reason #2: You Will Make The Seller Happy

Sellers love cash buyers, especially when they want to sell a Orange County house quickly. When you pay in cash, you will gain bargaining power as the sale will not be contingent on a lender and their red-tape. By paying in cash, you will be able to offer the seller a fast closing, ultimately saving them a ton of time and money. Sellers will often favor cash buyers, which means you will likely be able to get more bang for your buck.

Reason #3: Instant Ownership

Are you buying the house for yourself? If so, you will love the sense of pride you will feel from instant ownership. There is something truly wonderful about owning your home outright. People love knowing that the property is all theirs, without a bank making any claim to it. Having instant ownership will also free you up to take out a mortgage on another property if you so desire without having to worry about juggling two mortgage payments each month. Plus, you won’t have to wait around t take ownership of the property. When you pay in cash, you don’t have to wait on a lender. You can purchase the property and begin any necessary renovations right away!

Reason #4: Save Money On Interest

Let’s say you buy a house and take out a mortgage with 4.5% interest. That can add up to thousands of dollars over the years! By buying a house directly, you will be able to keep all of that cash you would have otherwise spent on your mortgage interest. This can be a huge cost savings!

Reason #5: Keep Up With The Competition

Investors are often the buyers of distressed properties in the Orange County area. Most investors pay in cash because they know it is the fastest way to get the job done. They will likely have an edge over someone that needs financing to buy the house. Financing will require more time and more red-tape. The last thing a distressed seller wants is more hoops to jump through.

Do you want to buy a distressed property in Orange County? We can help! Send us a message or give us a call today! 949-625-4533


Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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