A house may be cash only if it is in poor condition or has legal issues that make it difficult to secure a mortgage. Sellers may prefer cash transactions to avoid delays or complications with financing.
"Cash offers only" means that the seller of the house will only consider offers from buyers who can pay for the house in cash, without needing a mortgage or other financing.
If you have accumulated enough money to pay cash for a house you would present the payment for the house to realtor or lawyer that represents the current owned of the house at the closing. It is likely that they would require a cashiers check for a sum that large.
No, it is not illegal to sell a house for cash.
Are you considering selling your house quickly for a cash payment?
It would be the amount your title lawyer charges.
"Cash offers only" means that the seller of the house will only consider offers from buyers who can pay for the house in cash, without needing a mortgage or other financing.
Only if you want to buy a new one and also can afford to buy it with cash!
If you have accumulated enough money to pay cash for a house you would present the payment for the house to realtor or lawyer that represents the current owned of the house at the closing. It is likely that they would require a cashiers check for a sum that large.
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.
No, it is not illegal to sell a house for cash.
That would be Cash Basis accounting and the only entries recorded are Cash Receipts and Cash Disbursements.
Are you considering selling your house quickly for a cash payment?
It would be the amount your title lawyer charges.
Not all cash. You have to pay some cash to buy any home (the down payment). Therefore you buy it the same way you would buy any house.
As much as you want, I would think. I just wouldn't fill it to the roof.
Yes. Someone always pays cash for a house, the money just normally comes from a mortgage company. If you have the cash on hand, you can wire it directly to the current owner, or more commonly you would wire the money to an escrow company that handles the exchange of money and title.
The company Abby Home Loans would not be considered when looking for fast cash. The company will assist with purchasing a house, not provide quick money.