Investopedia
Should You Pay All Cash for Your Next Home?
“Cash is king,” goes the old adage. Being ready to pay cash can not only give you an edge with motivated sellers eager to close the deal, but it can also help you with sellers in real-estate markets where inventory is tight and bidders may be competing for the property. The mortgage process can be time-consuming, and there’s always the possibility that an applicant will be turned down, the deal will fall through, and the seller will have to start all over again, notes Mari Adam, a certified financial planner in Boca Raton, Florida.
