If you’re thinking about buying new home, you may have heard about some of the advantages of buying a home outright with cash. According to research by the National Association of Realtors®, almost a third of all residential sales are cash transactions and more than 70% of properties bought by investors and international buyers are cash transactions as well. So, you may be wondering, what exactly are the advantages to buying a home with cash and how can I make a cash offer?
Preparing yourself to be able to make a cash offer on a home requires patience and self-control. Follow these tips to increase your chances of being able to purchase a home with cash:
Set aside any unexpected money that comes in (inheritances, bonuses from work, etc.).
Lock your money in a long-term CD to earn interest.
Look for homes that you can afford with the…
View original post 505 more words