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Real Estate
Reply to "Buying house with cash"
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[quote=Anonymous][quote=Anonymous]We made an all-cash offer on our house because we needed to act very quickly to get the house and we weren't pre-approved and we knew it was going to be very competitive to get the house. Our offer was accepted and we ended up getting the mortgage before closing and it was fine. We could have and would have paid all cash if we had had to do so, but it would have cleared us out of cash. [/quote] Yup, we paid all cash in a competitive market knowing the seller was also buying a home and the all cash offer would be attractive. But that was everything we had, basically. We got a mortgage after closing. [/quote]
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