How much of a discount could I get paying for a house cash?
Q. My husband and I are have land and we want a house built on it, however we want to pay cash for the house so we don't have to do financing...how much of a discount could we get that way?
Asked by Amberina327 - Sun Jun 22 15:23:33 2008 - Renting & Real Estate - 5 Answers - Comments

A. You pay the contractors as you go. The discount will be in the form of no interest payments. But the contractors expect to be paid right away no matter what.
Answered by Landlord - Sun Jun 22 15:30:53 2008

Can I pay cash for a house if I have very low income?
Q. My family members are willing to loan me the money to pay off a house with cash. Can I buy a house and be the lienholder? Also, will I get in trouble with the IRS? Thanks.
Asked by rookie_mgt - Wed May 6 23:15:10 2009 - Personal Finance - 5 Answers - Comments

A. Of course what makes think you have to have a mortgage? Many people own their home free and clear.
Answered by Steve - Wed May 6 23:24:16 2009

How can I sell my house fast for cash?
Q. Hi everyone, I am going through financial hardship and need to sell my house fast for cash. My house is paid for. I don't care if I take a loss. I just need cash. Any advice will be appreciated.
Asked by - Fri Sep 18 03:10:05 2009 - Renting & Real Estate - 3 Answers - Comments

A. Hi, Your best option to get your house sold quickly and get you that much needed cash ASAP would be to sell it to a real estate investor. Buying property for cash at a discount is these guys and gals forte. Those ugly posted sighs you see on telephone poles and street sighs that read "we buy houses cash" are absolutely true and not a scam. These ads are meant to target motivated house sellers like yourself. These real estate investors will gladly pay cash for a house that they can buy from anywhere between 50% to 70% of the appraised after repair value. Even if you live in small town USA every town has real estate investors. You can just go driving around your neighborhood and keep your eyes peeled for these sighs. Usually busy… [cont.]
Answered by - Fri Sep 18 04:51:23 2009

I am going to buy a house cash 100k, I have a tax question?
Q. I am going to buy a house for 100k cash, I have 100k savings in my account from my internet business but I failed to report the money past couple of years. When I go to transfer the money into escrow and close the deal, will I have any tax issues? Will it affect me? Please help!
Asked by - Tue Mar 9 14:02:07 2010 - Personal Finance - 4 Answers - Comments

A. I heard this on Fox News. 26% of new home buyers are all cash buyers. Still trying to figure this one out - I guess you're one of them. Did you also work? Did your husband work? You could just say that this was money you saved? /
Answered by Go with the flow - Tue Mar 9 14:06:04 2010

Buying house for cash how much should I offer?
Q. House costs 130,000 and I am buying it for cash. How much should I offer so that I dont get turned down? I want to bring the price down. I would like any suggestions or past experiences. thanks in advance.
Asked by Nick - Tue Jan 26 12:27:30 2010 - Renting & Real Estate - 2 Answers - Comments

A. Whether you pay cash or get a loan, it doesn't make any difference to the seller because he'll get his money anyway. However, a cash sale means that the seller does not have to pony up certain expenses out of his pocket. When I buy property for cash, I usually offer 15-20% less than the going rate figuring that the seller doesn't have to pay commission, nor points, nor inspections. Of course, your guy may counter back ~ but that's OK, because then you'll know for certain how low he'll go for the price.
Answered by Jeanbug - Tue Jan 26 12:36:50 2010

How do I protect my assets including retirements/house/cash & misc, against any type of lawsuits?
Q. Like law suits from car accidents, one can sue you any baseless amount when you're in fault, you pay 100% after insurance payment
Asked by Jpohn Doe - Thu Nov 29 14:59:06 2007 - Personal Finance - 5 Answers - Comments

A. Nothing is bulletproof. Get a blanket policy. Also, understand that trusts that make assets unreachable by others will probably make them unreachable by you. (it's involved ((revocable...irrevocable trusts)) Further, If you have other suits or bankruptcy in the back of your mind...virtually nothing is protected in either divorce or bankruptcy.
Answered by LJD - Thu Nov 29 15:32:23 2007

i am buying a house for cash and i dont know what the process is to do it?
Q. i live in Nebraska and i am going to buy a house for cash. $3000 to be exact. the house is already paid off by current owner. what do i have to do since i am not going through a realtor or a bank? the house is in need of some work yes for 3000 bucks it will need work but its nothing like fraud or anything like that. im buying from a friend of the family and just want to make sure its done right.
Asked by - Fri Oct 28 10:51:39 2011 - Personal Finance - 3 Answers - Comments

A. Did you do a home inspection? The house could be riddled with termites, have major plumbing and electrical problems, mold in every wall, electricity that is about to catch on fire, ac and appliances that don't work, a foundation about to slide off the hill, a roof about to cave in, etc Did you do a title inspection? The house could have $500,000 worth of back property taxes and lies on it Get a book called Home Buying for Dummies ^ not an insult - it could save you thousands --- Do the title search - even a friend can have debt (liens on the home)! - and the home inspection (especially for electrical, plumbing, mold, etc)
Answered by Go with the flow - Fri Oct 28 11:04:21 2011

Buying a condo with cash, then foreclosing on my house?
Q. Im living paycheck to paycheck. And have been dipping into my savings, I would like to foreclose my house then taking everything i have and buy a condo cash. House is worth way less then what I paid at the time. Can they come after my condo if i foreclose?
Asked by Patrick M - Tue Feb 2 17:22:16 2010 - Renting & Real Estate - 4 Answers - Comments

A. if you haven't purchased the condo and you plan on paying cash, why not talk to the lender and ask if they'll take the property back? you can sign over the house via a deed in lieu and then purchase your condo cash and because the lender agreed to take back your home, they can not come after a property you purchase after the fact. i'd look into the deed in lieu or a short sale; especially if you're not going to rely on your credit to purchase a new home.
Answered by dee - Tue Feb 2 17:35:47 2010

Is buying a house in cash, and renting it out a good investment?
Q. I'm 23, and have managed to save up enough money to pay for a house in cash. I'm thinking of investing and renting the house out. In a couple more years, I plan on buying a house every 2.5 years, and renting them out. I just wanted to know if this was a good investment
Asked by - Fri Mar 18 23:08:11 2011 - Renting & Real Estate - 4 Answers - Comments

When you buy a house in cash, do you pay for the property taxes too?
Q. Say there is a house that a person buys in cash for $250,000. The property tax assessment for that house is $2,500 a year. Do you pay all of the property taxes up front in cash too? Or do you continue to pay the taxes annually? Also, if you buy a house in cash, do you have to worry about Principal & Interest,Taxes, Homeowners Insurance, and Mortgage Insurance? Isn't that the whole purpose of buying a house in cash? Thanks.
Asked by - Sat Jan 28 15:16:29 2012 - Renting & Real Estate - 2 Answers - Comments

A. Yes, taxes are paid yearly.
Answered by Landlord - Sat Jan 28 17:05:36 2012

How do you sell a house for cash?
Q. I just want to sell my house for cash. Can I just sign a quick claim deed over and be done with it? What are the closing costs for? Who are the closing costs paid to? Who is responsible for those? Does there have to be a contract?
Asked by onica001 - Sun Sep 21 21:31:30 2008 - Renting & Real Estate - 5 Answers - Comments

A. satarnag01 is correct. Just scribble the agreement somewhere and hand over a deed and accept the check. There will be some closing fees for recording the deed, if you choose to do that (recommended so it's public record that ownership passed to a new party), plus potentially some taxes due, but those are basically lienholders that you go pay, just as satarnag01 suggested. All the other stuff about using an escrow/closing company or attorney are just strongly recommended but not required for a legal transaction.
Answered by AllCourt - Sun Sep 21 22:19:03 2008

Does anyone have royal sporting house cash vouchers for sale?
Q. As above. Does anyone have royal sporting house cash vouchers for sale? Would like to purchase $80 if possible... pls email me at if u have vouchers for sale! pls also include the amount u have and the price. Thanks!
Asked by SummerRains - Mon Oct 1 04:41:51 2007 - Yahoo! Shopping - 2 Answers - Comments

A. yes i have alot here
Answered by hghazoly - Mon Oct 1 04:49:23 2007

Is it better off to pay cash for a house being self employed with a low 600 credit score?
Q. My internet biz has took off and making 250k this year, but i hear that to qualify for a mortgage is increasing difficult, especially for self-employed that's always been more difficult, with my low credit rating, am i better off just save 2-3 years of money and buy the house with cash then to find a lender today?
Asked by binglind - Mon Jun 7 03:32:25 2010 - Renting & Real Estate - 2 Answers - Comments

A. Yes, you're right, it would be just about the only way. Besides, if you can save up and pay cash, you won't have to pay tons of interest on the mortgage, and you'll save big in the long run.
Answered by Piggiepants - Mon Jun 7 03:45:24 2010

Is it not suspicious to buy a house with cash?
Q. What will happen if I would purchase a house in England with cash? Is it suspicious? Will I have any problems in the future? By cash I mean without a mortgage, not to pay with two suitcases of a paper cash... I live in England since 2003 and it'd be my first home. Money came as wedding gifts, life savings, return on investment from abroad etc. Tax was paid only on the UK income though...
Asked by Mr. November - Wed Dec 5 15:28:13 2007 - Renting & Real Estate - 21 Answers - Comments

A. if you purchase a house with cash, they will secretly call the police and they'll start tailing you and Begin an extensive investigation into your background and source of income and you if you got something to hide then i suggest you don't even try it. There are many ways to buy a house,if you have cash...get a cashiers cheque or money order for the amount,you can also money transfer it to their company through installments coz if you walk to a small western union branch with E100,000, that also looks weird,you take a little at a time in cash and transfer it to the people selling the house...with 10 installments,that should be good,no trace,nothing...but on the other hand if you're a wealthy person and you don't have anything to hide then… [cont.]
Answered by J D - Wed Dec 5 15:37:44 2007

Can one literally buy a house in cash?
Q. Can one literally. Buy a house cash like just bring a stack of bills to a real estate office or seller and just buy a house( pending escrow) or is nothing in life that simple and one must go throug banks and middle men?
Asked by - Tue Feb 28 22:49:35 2012 - Renting & Real Estate - 3 Answers - Comments

A. if you wanted, sure
Answered by - Tue Feb 28 22:51:44 2012

What bills come with a house bought cash?
Q. Looking to buy a house cash and I don't know what bills I'll be getting. Except for light, maybe gas, cable, internet. Does trash and water come with the light bill? Ahything I should watch out for? Thanks for you help.
Asked by myalee_tx1 - Fri Nov 20 19:25:06 2009 - Personal Finance - 3 Answers - Comments

A. Property Tax City transfer tax, maybe county transfer tax fire insurance flood insurance earthquake insurance Mello-Roos tax in California HOA ( Homeowners Association fees ) Sewer Electricity Water Gas Trash ( maybe extra for yard waste ) Phone internet Cable TV Special assessments ( schools programs, community programs etc ) Repairs and maintenance termite and pest work. It is very expensive to maintain a house. If you have asbestos or lead based paint or mold, you pay a lot more.
Answered by InspectorBudget - Fri Nov 20 19:41:19 2009

Is it good to pay for a house with cash instead of finance ?
Q. what are the benefits to pay for a house cash
Asked by mzrozwilliams365 - Sat Nov 15 02:38:19 2008 - Renting & Real Estate - 6 Answers - Comments

A. If you have the money, it's the best way, because you don't have the hassles of a mortgage. It will give you a fantastic credit rating too. However, having a mortgage can be a good thing. It all depends on many circumstances. I regretted it big, that I bought my first house with cash. My then wife saw the dollar signs, asked for a divorce and wanted half of the houses value. With a mortgage, there wouldn't have been that issue. Another thing are the tax breaks you get with a mortgage. It can get a bit complicated, to predict, what is better for an individual, but in most cases, I would say, pay cash if you can and have a stable marriage.
Answered by bonsai - Sat Nov 15 07:03:20 2008

If I purchase a house with cash and fix it up can I resell it to a non-arms length party?
Q. Here is what I am thinking, buy a house, that needs work, for say $20,000, and fix it up myself. I don't have very good verifiable income. So instead I would sell it to my Dad and myself, we would both be on the title, basically as a way to do a cash out refinance 6 to 12 months from now. 1. Would this be possible? 2. Would I have to pay capital gains tax, even though I am still on the title? Thanks!
Asked by downlinerecords - Tue Oct 12 13:53:10 2010 - Renting & Real Estate - 1 Answers - Comments

A. You would be selling 1/2 of your interest in the property to your dad. He could get a mortgage for his half. The gain on the 1/2 you sell would be capital gain income to you.
Answered by Quick Answers - Tue Oct 12 14:10:25 2010

what is best for 1st time home buyers? old cheap house bought cash or nice house with a mortgage?
Q. I wouldn't mind to live in an old and not so beautiful cheap house for a few years in order to save money. And then, buy a nice house. What do you think is better? Buy a nice house with a mortgage or buy cash an old house, wait a few year, and save money? I don't have any children yet.
Asked by rebecca2008 - Fri Apr 4 11:21:53 2008 - Renting & Real Estate - 14 Answers - Comments

A. It's always the better route to avoid being in debt. If you don't have a mortgage payment you're financially free. You won't ever have to live in fear of losing your job and being out on the street because you won't be able to make your mortgage payments anymore. Personally I'd live in the old house forever and rack up huge savings by not having a mortgage and retire earlier.
Answered by hejustlaughs - Fri Apr 4 11:26:40 2008

Buying a house with Cash then refinancing right after?
Q. Hi, I'm buying a house with cash for $30k. I'm wondering if I'll be able to refinance this property in a month after I fix it up? Is there rules? My credit is at 650 but I only have recorded income for 8 months and nothing before that. Thank you!
Asked by Adam - Sun Aug 23 01:30:37 2009 - Renting & Real Estate - 6 Answers - Comments

A. You are silly for doing this... Why would you pay cash to buy the home, and them turn around and borrow money to fix it up... Dont see any logic in this thought...
Answered by - Sun Aug 23 02:30:38 2009