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Seller Wants Cash |
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I am looking at a house where they are only accepting cash. What are the positives and negatves of such a deal? |
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Most sellers do receive cash, which you give them when you receive your mortgage loan. Perhaps you mean the sellers won't consider any offer if it depends on your being able to place a mortgage? In that case, the negative would be that you couldn't buy unless you actually had the purchase price available immediately.
Or do you really mean they wouldn't take a check? That brings up the kind of thing one sees in the movies, where you'd come to the closing with a briefcase stuffed with packages of currency! |
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Edith
Originally published on January 28, 2008 |
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