Benefits of Paying Cash vs. Financing a Orange County House

If you are able to use cash to buy a house, you will likely find that buying this way offers many benefits for investors! In our latest post, we will explain how paying cash vs. financing a Orange County house can benefit you!

Paying for a Orange County house using cash might seem like a far-fetched idea. However, with careful strategizing and knowing where to look, you will be able to buy your house in cash, allowing you to receive all sorts of benefits. Some of the top benefits include:

No Mortgage Application Fees

One of the most immediate benefits you will notice, is that you won’t have to pay any application fees or loan origination costs. Many first-time buyers are surprised by the costs they have to pay upfront when trying to buy a house. When you pay for your house in cash, you aren’t reliant on anyone else to be able to pay for the home.

No Credit Checks

You won’t need to have your credit checked at any point because you have the cash upfront. There are no lenders who need to evaluate your ability to repay a loan. So even if you have bad credit, you won’t have to worry about the costs or ramiications of a credit check.

Save On Closing Costs

Many of the common closing costs can be avoided when paying in cash and buying directly from a seller. You don’t have to deal with appraisals, loan origination fees and so much more.

A Possible Reduced Cost

Often times, sellers will love being able to deal with a cash buyer. The transaction is faster and more straightforward than when a buyer is seeking financing. A cash sale is more likely to go through as the house isn’t subject to the red-tape and appraisal process that a lender will usually require. A cash buyer will often receive a discount or be able to negotiate for one by paying up front for the home.

No Mortgage Interest Costs

The long-term effects of paying cash for a Orange County house can be enormous. The amount you will save on interest alone will equate to thousands of dollars over time. Interest takes a huge chunk of your mortgage payment each month. Some thirty-year loans will double or even triple from the original purchase price. By paying cash for your Orange County house, you will be able to keep all of that money in your pocket.

A Fast Closing

A fast closing means that you will be able to move into your new house right away! You don’t have to wait for lenders or jump through any hoops. Most of the times, sellers are ready to close as soon as possible, this means you will enjoy the ease of a quick and simple transaction. If you want to buy right away, paying for your Orange County property in cash will make the transaction go much more quickly.

Peace of Mind

You know the feeling you get when your car is finally paid off and the title is officially yours? Now imagine that feeling only ten times bigger. When you own your home outright, there is no feeling like it. You have complete and total peace-of-mind that this property is yours alone. Nobody can force you out, the banks can’t take it and you never have to move again if you don’t want to. Living with this kind of guarantee will make you feel much more secure overall, and everyone likes that!

If you are considering buying a house in the Orange County area, learn about the benefits of paying cash for your new house! It can be done! Contact us today for more information!

Are you ready to buy a house in Orange County? We can help! Send us a message or give us a call today! 949-625-4533

Joe

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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