The benefits associated with buying a home with cash are numerous. Besides non- payment of interest on a standard mortgage, the transfer of funds is with ease and the overall cost will be substantially reduced.

His write-up covers the process involved in buying a

home with cash, the simple steps to pay cash for your home and how to purchase your dream home with ease.

Each of these will be discussed below.




🏬Procedure for purchasing a home with cash

  1. Put in an offer

Once you discover the house of your choice, contact the owner and let him know your intention of making cash purchase. Most sellers prefer cash, as the deal does not involve a third party loan that is not guaranteed to materialize. Sellers consider a cash buyer as a serious buyer; hence, many buyers consider this to further negotiate the price of the home downward. A good number of sellers will prefer to sell even at a lower price once they are sure of a cash purchase than selling at an exorbitant price which will involve the buyer obtaining financing.

  1. Make a deal

The next stage is to inspect the house. You can entrust this to the care of licensed professional inspection services. Once it passes inspection test, your confidence about the good condition of the house will be boosted. However, if the inspectors discover serious issues about the house, you are free to quit the deal. Assuming minor problems are discovered by the inspectors while you still like the property, contact the seller for a deal re-negotiation, either for repairs or a lower price.


🏘What is the Value of my Home?


  1. Appraisal

Another contingency of the deal is that you approve the appraisal of the house. As a buyer, you desire to ascertain if the property worth its asking price. Assuming the appraisal of the house is low; you may re-negotiate the deal or simply walk away. Professional appraisals will consider the size of the propriety and compare it with other houses around the area.

  1. Closing

Upon completion of the inspection and appraisals and arranging for the home owners insurance and every other routine paper work, the next procedure is closing. You don’t need to wait for a lender to schedule the date because you have the flexibility about when you close. As a buyer, you would have set a tentative closing date with the seller when striking the deal. Most importantly, you should sign papers and provide a cashier’s check for the balance due.

🏦Steps to pay cash for your home

Are you still working towards getting out of debt? You may be thinking it is impossible to buy a home with cash; however, several people like you do it on a daily basis. You too can do it by systematically following the steps below.

a. Save your income

To be sincere, saving for a home is not an easy task as you will require all the money you can spare to achieve it. A potent and powerful wealth building tool to accomplish this is your income.

Embark on saving it and live a debt free life. Endeavor to pile up three to six months of your expenses in the bank. Remember that an amazing way to guarantee a new home is to live a debt free life with a fully stocked emergency fund.



🏘What is the Value of my Home?


b. Set attainable goal

At the end of the tunnel you stay motivated when you are sure there is a light . Determine how much you can save. Assuming you desire to save up to $150,000 for a home, divide this amount by the amount you can save every month. This will generate how long it will take you to achieve your target.

$150,000 ÷ $1,000/month =12 years, 6 months
$150,000 ÷ $1,500/month =8 years, 4 months
$150,000 ÷ $2,000/month =6 years, 3 months
$150,000 ÷ $2,500/month =5 years
$150,000 ÷ $3,000/month =4 years, 2 months
$150,000 ÷ $3,500/month =3 years, 7 months
$150,000 ÷ $4,500/month =2 years, 10 months


Consider your budget and determine the amount you can save to achieve your target. An experienced real estate agent can show you what kind of home you can purchase with your money.

Families that are just starting out without kids can use this opportunity to live a frugal lifestyle and save more. In addition, larger families can also embrace some means of spending less and saving more. These include cutting down on the following expenses:

  1. Entertainment costs
  2. Holiday costs
  • Satellite television or cable costs
  1. Eating out expenses
  2. Grocery expenses

Cutting down the above expenses will boost your saving rate up to 20%.




c. Design how to attain your target

By now, you know where you‘re headed. To attain your set goal of buying your house with cash, you need to start small, be focused and be determined. Besides that work your way up and put luxury on pause. Remember that you won’t have to endure hardship forever as short term pain brings long term gain.

🏥Purchasing your dream home with ease

Although, it takes a lot of hard work to pay cash for a home purchase, however, it worth the effort.

Contact an experienced real estate agent to get the best deal on the home that is right for you.  Regan Laughlin at RL Real Estate Group is a certified and trusted realtor, who will work for your best interest at the negotiation table, irrespective of the size of your budget.


Paying for a home in cash has numerous benefits. Sincerely, the peace of mind and comfort which comes with it outright is priceless.  For all of your real estate needs, please contact a reputable real estate expert like RL Real Estate Group. Regan Laughlin and her team can guide you through the process of buying a house, and even do all the searching and paperwork, so all you really need to do is sign on the dotted line. Contact them now at 605-212-8431 or

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How To Buy A House With Cash
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How To Buy A House With Cash
The benefits associated with buying a home with cash are numerous. Besides non- payment of interest on a standard mortgage, the transfer of funds is with ease and the overall cost will be substantially reduced.
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