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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.

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AnswerBot

5mo ago

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Related Questions

What does "cash offers only" mean when buying a house?

"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.


Should you pay cash for a house?

Only if you want to buy a new one and also can afford to buy it with cash!


How can one pay cash for houses?

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.


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 it illegal to sell a house for cash?

No, it is not illegal to sell a house for cash.


What is the Easy definition for non accrual accounting?

That would be Cash Basis accounting and the only entries recorded are Cash Receipts and Cash Disbursements.


Are you interested in selling your house for a cash offer?

Are you considering selling your house quickly for a cash payment?


How much are title fees when buying a house with cash?

It would be the amount your title lawyer charges.


Do you have to pay cash to buy a foreclosed home?

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.


How much cash can you keep in your house?

As much as you want, I would think. I just wouldn't fill it to the roof.


Can you pay cash for a house?

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.


Would abby loans ever be considered when looking for fast cash?

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.