Money Quick Tips: Buying a house with all cash
Approximately 30% of U.S. home buyers are making all-cash purchases, according to the National Association of Realtors. That compares with only 15% in 2008.
Having the cash to buy a home outright is an enviable position to be in – you're a more attractive buyer and may have more leverage on price, the closing timetable, etc. – but, there are some factors worth extra consideration in an all-cash scenario.
In this week's Money Quick Tips video, Paste BN contributor Regina Lewis explains when it's better to pay with cash or not when it comes to real estate.
Regina Lewis is a national television contributor and host of Paste BN's "Money Quick Tips" videos. Follow her on Twitter: @ReginaLewis.
Previous Money Quick Tips:
Make your credit cards work for you
Save money by avoiding redundant expenses
Secrets behind the best hidden online prices
Save on food costs even after grocery shopping