Ormond By the Sea Florida Consumer FAQ Post #5

By
Real Estate Broker/Owner with Ocean View Realty Group in Ormond By The Sea Florida BK559597
https://activerain.com/droplet/Bgj

Ormond By the Sea Florida Consumer FAQ Post #5

Should we get a mortgage or should we pay cash?

Cash is king!  If you are in a position where you are able to pay cash that would be the best option.  Ormond By The Sea Florida sellers usually like offers better because there will be fewer possibilities that the deal will not close and closings can usually get done more quickly if there is no financing involved. Money

There is no doubt that paying cash for real estate makes the sale easier and less costly for the buyer. With no bank involvement there is a lot less paperwork and fees. Closing cost for a bank financed purchase will generally run 3% or more of the sales price  while closing costs for a cash buyer will usually be under $200.00.

If you pay cash you can always get a mortgage after you own the property if you decide you need the cash for something else. You could also  get an equity line of credit on your current home whereby you could write a check for the money you need and not be making  any payments until you actually use the line of credit.  


To search the entire Daytona Beach area multiple Listing Service (MLS) anonymously go to the Ocean View Realty Group web site at

http://webapps2.planetrealtor.com/idx/pkg_IDX.pr_IDXSearch?sStateID=FL&sRealtorID=1067885&sUserType=R&sSearchStateID=FL&sSearchSource=X . If you have any questions about buying or renting in Ormond Beach and Ormond By The Sea Florida contact Realtor® Rhonda Lehnen at Ocean View Realty Group 386-440-8245 or emailovforsale@aol.com . Rhonda can also provide you with a free market analysis if you are considering selling your Ormond By The Sea home or condo. Contact Realtor® Rhonda today!

Visit the Ocean View Realty Group Web site at http://www.ovrealty.com/Frequently_asked_questions.html to view more Ormond By the Sea Florida frequently asked real estate questions.

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Have a great day

Al Raymondi
Ocean View Realty Group
1350 Ocean Shore Blvd. Suite A
Ormond Beach, FL 32176
Ormond By The Sea Florida sales and rentals of homes and condos www.ovrealty.com 
Click the Realtor Logo below to search the Daytona Beach Florida area MLS anonymously.
386-441-8245
Fax 386-441-2407
Mail to ovrealty@aol.com
Ormond By The Sea Florida Vacation rental homes and condos information is at www.ormondbeachcondorentals.com 

Serving Ormond Beach and Ormond By The Sea in the Daytona Beach Florida area from the same location since 1991.

Homes and condos for sale by ocean View Realty Group    Ormond Beach Florida homes and condos for Lease by Ocean View Realty Group       Search the Daytona Beach area MLS     View Al's Linked-in profile     Follow Ocean View Realty Group on Twitter

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Rainmaker
3,041,584
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Good Morning AL, You are sure right, cash is king but writing a good offer is also a must. I have many cash buyers who seem to think they are the only cash buyer around and add silly contingincies and lose out. Have a great Saturday.

PS you ready for a Tropical Storm in MAY????

May 25, 2012 10:35 PM #1
Rainmaker
5,470,278
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Excellent post, Al.  I also like Scott's reminder that cash buyers also have much competition and  it is still very important to have a strong contract.

May 26, 2012 12:18 AM #2
Rainmaker
1,101,576
Al Raymondi
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales

Thank you for stopping by to read my blog and to comment Scott and Roy, I appreciate your comments.  Have a great holiday weekend.

Scott, thanks, sure is strange having a storm in May.

Roy, thanks, yes, Scott is right, cash buyers sometimes try to push the envelope and may lose their chance to get the home..

May 26, 2012 11:05 AM #3
Rainmaker
925,849
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

Cash is king, Al, and so are you.  Thanks for the great advice!

May 26, 2012 11:39 PM #4
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Rainmaker
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Al Raymondi

Ormond By The Sea Florida - Home and Condo Sales
Come live by the beach in Ormond By The Sea Florida
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