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Tips for Cash Home Buyers
Owning a home has always been considered a great investment.  Nowadays, many buyers are choosing to buy real estate for cash, thanks to low prices, a huge inventory of foreclosed properties, and poor rates of return on other types of investments.  Although the only legal requirement for a cash purchase is the money, there are several important considerations for a cash buyer:
  - Home Inspection - never buy without one
  - Appraisal - there is no lender appraisal, so this is the only way to insure that the purchase price is reasonable
  - Survey - always recommended for small lots and properties in older or urban areas
  - Flood Zone Determination - a lender always checks this, and a buyer should also
  - Hazard Insurance - always have the property bound with insurance from the closing date (do not put this off)
  - Termite Inspection - a termite problem can be a major expense
  - Water Bills - look at recent water bills to make sure they are not unreasonably high - this could reveal a leaky or broken pipe
  - HOA Dues or Condo Dues - inquire about pending assessments or increases in ... more

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