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I think its great if you can, you save thousands from lender fees and impond charges as well no interest and closing fees. However, if you a buying in an area like San Fran know that you could lose it over night with earth quakes, be safe since insurance does not pay out like they used to pay. An example is the Malibu fires. There are always advantages and disadvantages based on each buyers situation. Advantages include huge savings on closing costs and interest. Disadvantages could include tying up to much of your available funds or not being able to write off mortgage interest. It is best to consider where your money can work hardest for you in all situations. Most often the advantages to paying cash for a house outweigh the disadvantages.
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∙ 15y ago
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Can you buy a house for cash if your present house is being foreclosed on?
I would think so. Though the bank should be using all means possible to get that cash from you to pay for your currently foreclosed house. Even if they don't, paying in full with cash for anything will always be accepted.
Is there any tax disadvantage in buying a house with cash?
Taxes are based on specific percentage of the cost of property. It is quite disadvantage but you can do the math as the interest in having it as a loan could incur more interest.
What is cash buying?
Paying in person with cash.
What are the disadvantage and disadvantage of directing?
One advantage is that you pay with cash but you have to have the Exact amount
Advantage and disadvantage of paying expenses using cash from the cash register?
Advantage: none. Disadvantage: stupid. Keep proper records. You can't do this if you treat the cash register as a petty cash source. Keep a petty cash resource and maintain proper records of that. Bank what's in the cash register. Disregard all the above if you're anxious to go broke and also attract serious questions from the tax inspectors. the person that wrote this need to get a life and write some real answers ya noonga
What is the disadvantage of budgeting?
Distortion is caused by cash budgets. Influence of non-financial factors will also affect the final decisions when it comes to cash budgets. Cash budgets are vulnerable to manipulations. The major disadvantage is that cash budget relies on estimates.
How do you get play fish cash without paying cash in pet society?
You can complete offers and do surveys. That's how I got Playfish cash without paying. Very good.
What is the disadvantages of paying with cash?
because cash is really hard to get these days
What is the worst disadvantage of watching television?
Paying the power bill
Is a double storey house an advantage or disadvantage in terms of warmth in winter and coolness in summer?
Is a double storey house an advantage or disadvantage in terms of warmth and coolness in winter
Does buying a car and paying it in cash fully increase credit score?
No, credit is about responsibility over time. Paying cash doesn't help.
What are the advantages and disadvantages of a business accepting cash?
Advantage- gets cash. Disadvantage- you cannot say that you are a not-for-profit orginazation.
