The Advantages of Paying Cash for a House

Paying cash for a new home might be considered a no-brainer if you can afford it, but there are a number of factors to consider before tying up such a hefty lump sum in one investment.

There are a few ways you might find yourself in a position where buying a house with cash is an option. You may have saved up your money for a long time, you may have come into a large sum of money through an inheritance or prize winnings, or you may have built up enough equity with another home to be in a position such that buying another house outright is possible. Whatever the reason, if you have the cash to do it, you may be wondering if purchasing a house outright is a wise decision. Buying a Home with Cash Has Obvious Advantages Two of the main advantages of buying a house with cash are apparent, but bear mentioning.

ByRealtor.com Team6:00 am ETJuly 1, 2013July 1, 2013 Buying a home with cash has definite advantages in today’s market. National Association of Realtors® research on cash sales shows that about

If you can afford to buy a home for all cash, is that the best way to invest your money? Here are the pros and cons.
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