xmatox
Well-Known Member
Renting involves landlords. Landlords can be a pain in the a$$. I'm sure there are many ways around paying over 10k upfront before the need to rent.
Buying house with cash?
- Thread starter sourdieselyumyum
- Start date
racerboy71
bud bootlegger
should see what we pay here in the east coast, try about $8k / year for a $200k home or so..
Budley Doright
Well-Known Member
Holy Shit!!! I'm never gonna complain again!!! I pay $3500 on a $750000 home.
sourdieselyumyum
Well-Known Member
So technically I could give owner or agent the money in all 20 and 100th and they wouldn't care
Budley Doright
Well-Known Member
Things must work differently down there lol. Lawyers are needed here, title search, transfer of deeds, land transfer tax. $60,000 cash to the owner wouldn't work here I fear, raise a few flags and a few eyebrows, but again we're talking under 10 grand, the price of a shit used car lol. Actually my first new truck I paid cash and it felt like I was Pablo Escobar lol, I was 21 lol.
justanoldtimer
Member
It dosent matter if the house costs 6k or 600k
paying cash is commonplace.
In fact over 30% of all home sales are all cash deals.
paying cash is commonplace.
In fact over 30% of all home sales are all cash deals.
qwizoking
Well-Known Member
here its no different than buying a car . i mean im no real estate pro
i guess i can only really provide anecdotal evidence.
but again, here. no definitely no need for lawyers or anything fancy.
sure a title search is recommended . but still no lawyers need to be involved. sign a bunch of stuff and be done.
shit the deed can just be transferred , no notary needed and doesnt have to be filed with county clerk and doesnt need the price of the property.
ive bought a FEW houses lol..but only a few in cash and only in tx
i guess i can only really provide anecdotal evidence.
but again, here. no definitely no need for lawyers or anything fancy.
sure a title search is recommended . but still no lawyers need to be involved. sign a bunch of stuff and be done.
shit the deed can just be transferred , no notary needed and doesnt have to be filed with county clerk and doesnt need the price of the property.
ive bought a FEW houses lol..but only a few in cash and only in tx
Corso312
Well-Known Member
Almost all the time you buy that cheap..the house has been gutted by people looking for scrap.. I doubt it has a panel or any wiring inside or even plumbing.
Budley Doright
Well-Known Member
In Ontario, as much as it sucks, yes you need a lawyer to purchase a house or any property. All registrations are done electronically which only lawyers have access. It's done for reasons of fraud, etc.
Budley Doright
Well-Known Member
Must be nice! Lawyer are the only ones able to transfer title here, it's done electronically witch is accessed by only a lawyer
.
Friedtoast
Member
A house for that kind of money where I'm at would be basically falling down or is in a ghetto that I don't feel safe even driving through. Lucky you for finding something that cheap that you could actually put some money into and make liveable. I'd scoop that all day if I were you, set up your grow for a bit, then rent/resell
Friedtoast
Member
Where I am a house for that kind of money is basically falling down or is in the part of town I don't even feel safe driving through. Lucky you for finding something that with a little more money put into it, you can make livable.
rocknratm
Well-Known Member
well, when they say home sales are cash I think they mean there is no mortgage or loan against the house. Not that they pay with a huge pile of cash.
justanoldtimer
Member
You are correct, while you could pay in cash, typically this sort of transaction is usually paid for with a certified bank check or even money orders