Buying A House With Cash vs Mortgage | Cash Versus Financing - What's Better?

Buying A House With Cash vs Mortgage | Cash Versus Financing - What's Better?

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In this video, we dive into one of the most common real estate questions: Buying a house with cash vs mortgage. Both options have pros and cons, depending on your situation.

Cash buyers avoid many fees, enjoy faster closings, and stand out in competitive markets, especially with properties that may not qualify for traditional loans. However, financing allows you to leverage your money, invest in multiple properties, and still present a strong offer.

Ultimately, it’s not just about cash; a well-prepared mortgage-backed offer can be just as appealing to sellers, especially with a solid broker on your side.

Before we dive in, it’s crucial to determine if you're planning to pay in cash or require financing, as there are key differences to consider in our market. Some buildings don't qualify for traditional financing, and certain properties face challenges due to insurance issues. Having this conversation early on ensures you're fully informed about all your options.

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We work in Miami-Dade & Broward counties in South Florida. We are a husband and wife team and have been in business since early 2000.

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Jamey L Prezzi, PA
Ognjen Prezzi, PA
Realtor-Associates
Miami-Dade & Broward
eXp Realty, LLC | Luxury
The eXp Luxury Division
323 Sunny Isles Blvd. #700
Sunny Isles Beach, FL 33160
Phone: 305-793-8965

The compilation of listing and market data information is provided by our local MLS system Miami Association of REALTOR®s and other closed tax data provided by use from our local MLS resources. All information provided is deemed reliable but is not guaranteed and should be independently verified.

00:00 Introduction Buying A House With Cash vs Mortgage
02:09 Speak with the local Lender
03:19 Type of loan
05:45 Cash is easier
06:26 Paying cash and later refinancing
08:19 Wrap up on Buying A House With Cash vs Mortgage