Comments on: Is it rare to have someone drop a ton of money on a home, cash up front? http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/ Sat, 22 Oct 2011 07:40:02 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Landlord http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-17 Landlord Thu, 24 Jun 2010 01:28:25 +0000 http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-17 It is common place in CA, where I am. Mostly it is Chinese who are buying up America, but there are lots of investors who buy cahs only too right now. It is really hard to get a loan right now if you already have several. It is common place in CA, where I am. Mostly it is Chinese who are buying up America, but there are lots of investors who buy cahs only too right now. It is really hard to get a loan right now if you already have several.

]]> By: sashazur http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-18 sashazur Thu, 24 Jun 2010 01:28:25 +0000 http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-18 It does happen, but of course it's unusual. So there's really no way to know if it's a ploy or not. However, my feeling is if it was a ploy, they might have tried to come up with a more believable excuse? It does happen, but of course it’s unusual. So there’s really no way to know if it’s a ploy or not. However, my feeling is if it was a ploy, they might have tried to come up with a more believable excuse?

]]> By: David Z http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-19 David Z Thu, 24 Jun 2010 01:28:25 +0000 http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-19 that happens frequently. do not be discouraged because this buyer overpaid. you do not want to get into a bidding war in this market. silly to overpay when buyer's are in control. just find another place and make another good offer that you can live with. that happens frequently. do not be discouraged because this buyer overpaid. you do not want to get into a bidding war in this market. silly to overpay when buyer’s are in control.

just find another place and make another good offer that you can live with.

]]> By: Ryan M http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-20 Ryan M Thu, 24 Jun 2010 01:28:25 +0000 http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-20 It does happen. Investors usually pay cash as do people who relocated from areas where real estate prices are higher. My uncle sold his home in Los Angeles a few years back and had about $300,000 in equity in it. He used that equity to pay cash for his new house in Iowa. It is not super common, but it does happen. It does happen. Investors usually pay cash as do people who relocated from areas where real estate prices are higher. My uncle sold his home in Los Angeles a few years back and had about $300,000 in equity in it. He used that equity to pay cash for his new house in Iowa. It is not super common, but it does happen.

]]> By: arkansasfish http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-21 arkansasfish Thu, 24 Jun 2010 01:28:25 +0000 http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-21 It is not rare. Once in my neighborhood, a home with the same floor plan as my house was purchased with cash. The offer was maybe 10%less than list price. People that pay cash have more purchasing power than people financing. I lost out on buying a house that I offered 10% more than list, someone else offered 30% over and got it. It hurt to loose that house but I couldn't afford to pay more. It is not rare. Once in my neighborhood, a home with the same floor plan as my house was purchased with cash. The offer was maybe 10%less than list price. People that pay cash have more purchasing power than people financing. I lost out on buying a house that I offered 10% more than list, someone else offered 30% over and got it. It hurt to loose that house but I couldn’t afford to pay more.

]]> By: dog ma http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-22 dog ma Thu, 24 Jun 2010 01:28:25 +0000 http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-22 Why would your Realtor want to make you buy another home if you were pre-approved for this one? And why is it so implausible that someone would like that house well enough to pay full price cash for it? You liked it, didn't you? A cash buyer is preferred over all others, obviously since there is no financing contingency. I've paid cash for the last 2 homes I've bought, and hope I never have to get a mortgage again. Yes, plenty of people pay cash, particularly if they are downsizing in a cheaper marketplace and have equity from a larger home in a more expensive area. Why would your Realtor want to make you buy another home if you were pre-approved for this one? And why is it so implausible that someone would like that house well enough to pay full price cash for it? You liked it, didn’t you? A cash buyer is preferred over all others, obviously since there is no financing contingency. I’ve paid cash for the last 2 homes I’ve bought, and hope I never have to get a mortgage again. Yes, plenty of people pay cash, particularly if they are downsizing in a cheaper marketplace and have equity from a larger home in a more expensive area.

]]> By: Juan http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-23 Juan Thu, 24 Jun 2010 01:28:25 +0000 http://fromhomecash.com/is-it-rare-to-have-someone-drop-a-ton-of-money-on-a-home-cash-up-front/#comment-23 Its possible. There are rich Asians coming from Hong Kong and mainland China that are paying 100% cash for homes, businesses and properties (up to $2 mill for houses) here in Southern California. Ive also waited 8 hours in a local emergency room with my HMO insurance, only to have people with rolls of cash whip out money upfront for emergency service and be taken in right away. (Methodist Hospital - Arcadia, CA) Its possible. There are rich Asians coming from Hong Kong and mainland China that are paying 100% cash for homes, businesses and properties (up to $2 mill for houses) here in Southern California.

Ive also waited 8 hours in a local emergency room with my HMO insurance, only to have people with rolls of cash whip out money upfront for emergency service and be taken in right away. (Methodist Hospital – Arcadia, CA)

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