http://hanksellshomes.com Buying a Home With Cash Process is similar to buying using a mortgage, but much more simplified. When making a cash offer, you will need to provide the home seller with proof of funds. This can be a letter from a banking institution stating you have adequate funds available to pay cash for the home. Or it could be an account balance that shows enough funds available to pay cash.
Having a cash offer is a great competitive advantage...home sellers love to get cash offers. If there are multiple offers, chances are the cash offer will be the one accepted.
When you're buying a home with cash, the process can go very quickly. There is no need for an appraisal - so if the seller is ready to close...you could own the home in as little as 2 weeks. About 2 weeks are needed for the title company to do the title work. If you're having a home inspection that adds about a week.
