Cash is King...Or Is It When Buying A Home

Real Estate Agent with Century 21 Award CalBRE 01730187

Cash is King...Or Is It When Buying A Home

Hi and welcome to another two minute Tuesday.
If you've seen my previous videos, you know I bring valuable topics to homeowner,
home buyers & home sellers. Check back every week to see a new video.


They say “Cash Is King”....or is it?

Should you purchase your home for all cash, or is it better to get a mortgage?

In 2018, 23% of home buyers paid cash for homes!! That’s an amazing statistic. And in my market of Orange County CA, 29% of homes have no mortgage at all.


Easy to get offer accepted.
Fast transaction (especially for the seller).
No appraisal or loan contingencies are required which will lengthen the sale if you’re getting a mortgage.
And there's no Credit check required.
Alternatively, You could use a large portion of your cash and get a small mortgage with a favorable rate and no PMI which would preserve some of your cash.

You could use all of your money to make a purchase - but no cushion for repairs, emergencies.
You can't diversity or leverage your money for other investing
Your Money is tied up and not liquid...but you could get a home equity loan,HELOC or reverse mortgage if fast cash is needed.


ALTERNATIVE to using ALL of your CASH?
Your money could be diversified into other investments - stocks, mutual funds or a business opportunity.
Buy multiple houses or multi-unit building. Everything from a duplex to an apartment building.
Another option is to buy the home for cash and then finance it after recording - takes advantage of your cash position to make the purchase, then gets your cash back when you get a mortgage.

So here's my warning...
Before you make any decisions about using all cash for a purchase, talk to your financial consultants, CPA, CFP, or Aunt Betty to satisfy yourself that you are making the right decision.

If you found this information helpful, give it a like and share it with your friends on social media.


Check back next week for another episode of Two Minute Tuesday...
And I'll see you on the next video.



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John Alesi - REALTOR®


CENTURY 21 Award

Search for homes at: Your OC Home Search website

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CalBRE# 01730187

Copyright 2018 by John Alesi. Text and images may not be copied with out consent.


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William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

A loan with a good amount down is just as good in m yopinion

Mar 06, 2019 05:34 PM #1
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

You are a smart cookie to keep consistent with your videos. I keep reading that it's so important to keep adding new content to our YouTube channels on a weekly basis. Keeps us busy trying. :) 

Mar 07, 2019 07:04 AM #2
John Alesi
Century 21 Award - Mission Viejo, CA
(Orange County California Real Estate)

Debb Janes EcoBroker and Bernie Stea JD Thanks! I'm really working on adding valuable content to  my channel. I hope you find it interesting. And I would appreciate any suggestions for upcoming video topics.

Mar 07, 2019 01:26 PM #3
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John Alesi

(Orange County California Real Estate)
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