Paying for a real estate property in cash is something that some people do, because they think that there are a lot of advantages that are associated with it.
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2. LAS VEGAS REALTOR GUIDE - THE MYTH OF
CASH BUYING
Paying for a real estate property in cash is
something that some people do, because
they think that there are a lot of advantages
that are associated with it.
Aside from the fact that a property paid in full
can't be foreclosed, there are also some
people who are saying that paying cash for
properties will help them save money.
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3. LAS VEGAS REALTOR GUIDE - THE MYTH OF
CASH BUYING
The problem is that the belief of cash
purchases pressuring the market value of real
estate properties has gone wide enough that
a lot of people already wanted to buy
properties in cash, but a lot of sellers won't do
it because they think that they will be
receiving less for it.
As an example, you are the owner of a
$20,000 property listed for sale.
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4. LAS VEGAS REALTOR GUIDE - THE MYTH OF
CASH BUYING
There are two people who made offers for
your property; one will be taking out a loan
and will pay you $25,000 and the other will be
paying you $20,000.
You may think that you will get more money if
you are going to sell it to the person who will
be taking out a loan, because it's
$25,000, right?
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5. LAS VEGAS REALTOR GUIDE - THE MYTH OF
CASH BUYING
But the truth is that you will only be getting the
same amount, because you have to pay for
the different fees in order to clear the loan.
You can also consider it as a payment for the
hassle of paper works that you need to do in
order to get the payment.
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6. LAS VEGAS REALTOR GUIDE - THE MYTH OF
CASH BUYING
On the other hand, the person who will be
paying you $20,000 cash won't give you
problems, because it's already cash.
You don't have to do anything and you don't
have to spend anything in order to get your
hands on the $20,000.
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7. LAS VEGAS REALTOR GUIDE - THE MYTH OF
CASH BUYING
Selling a property for cash won't be
disadvantageous for you, just because you
will be receiving less for it.
In fact, if you are going to calculate all the
costs that you have to take during the
process, you could be getting more from a
property that was bought in cash.
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8. LAS VEGAS REALTOR GUIDE - THE MYTH OF
CASH BUYING
The only disadvantage that you will get from a
property that was bought in cash is that there
will be fewer properties for sale, because
there are fewer properties foreclosed.
Aside from this, there are no major
disadvantages that you will encounter from
selling a property in cash.
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9. LAS VEGAS REALTOR GUIDE - THE MYTH OF
CASH BUYING
Cash buying and selling real estate properties
won't affect the market price, and it won't be
disadvantageous for you, as a seller as well.
You will be getting the same amount in
exchange for your property and you also
won't have to trouble yourself with the loan
that was used to pay for your property.
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10. LAS VEGAS REALTOR GUIDE - THE MYTH OF
CASH BUYING
With that being said, we can say that it will
even be more advantageous if you are going
to sell a property in cash.
Find a Las Vegas Realtor that can provide
you with all the information that you need to
know about buying and selling real estate
properties.
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11. LAS VEGAS REALTOR GUIDE - THE MYTH OF
CASH BUYING
There are a lot of things that you need to
know about the real estate market, but if you
have a reliable Las Vegas Realtor with you,
you can be assured that you will always get
the best deal possible.
Go to my site today and hire the best Las
Vegas Realtor!
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