Buying a home with cash offers many advantages. With delayed financing, you can pay cash up front for your new home and then obtain a cash – out refinance to mortgage the property
Here are 4 benefits of using delayed financing:
1. Sellers favor a buyer with cash in hand. You may get a better deal by offering cash, or your bid may be accepted over comparable offers that require financing.
2. Having cash in hand makes the purchase process easier, especially with foreclosed properties.
3. Delayed financing can be used to buy and renovate a home that otherwise wouldn’t pass inspection or qualify for financing.
4. Retirees or empty-nesters may be looking at downsizing to a smaller home or improving their cash flow situation. Delayed financing can be a good option.
Interested in learning more? Contact Axia today!