Cash Financing

Cash Financing

The Deal: They say "Cash is King," but in real estate why does it make a difference? Doesn't the seller get the same amount at the end of the day? "A cash deal" does not mean the buyer brings a duffle bag of cash to the closing, it simply means that there si no outside financing and the buyer is paying one or a series of checks directly from a bank account.

The Good: The ability for a quick close and the lack of regulations and risks to the seller that make cash deals appealing. With a cash deal, there are no lender regulations. The parties do not have to worry about the appraisal of the property coming in too low. The lack of a lender means that there is no under writing process, there is less paper work and cash closings generally can close much quicker than a deal that is finaced through a lender. Depending on the type of loan, most lenders with have stipulations on what condition the property can be in. It is hard to get certain types of loans if a house is in disrepair. With cash, this is a non issue. With cash, it is easier to overcome home inspection issues, CO issues and in general, there is less risk to the seller because there are less potential issues that could cause a deal to fall apart during the process. In a multiple offer situation, if two offers have the same purchase price, but one is cash and one is financed, 9 times out of ten, the cash deal will be accepted.

The Bad: Not everyone has the ability to purchase a home with cash. If a seller is looking strictly for a cash buyer, they will severly limit their pool of potential buyers. Since cash buyers are normally well aware of the benefits of a cash deala nd the scarcity of cash buyers, they generally aim to negotiate a lower price to reflect that. As a seller, you might end up taking a lower price for a cash deal than you would for a financed deal. For buyers, even if you have the cash, sometimes ti doesn't make sense to ahve all of it tied up in one property when you could be investing it elsewhere.

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5 out of 5 based on 20 ratings.
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Includes 10 Zillow reviews

CJ Davies

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CJ exceeded all of our expectations and helped us buy our dream home by the water. I grew up in North NJ so it was important to work with someone local to the area. He is extremely knowledgeable and helped us find solutions with some of the unexpected items that come with buying a home. He was responsive and attentive, and overall great to work with!

CJ did an amazing job for us. Having grown up in the area allows him to share a depth of knowledge about the area that others can’t. Not only is he extremely well aware of the market, but he has relationships with the very best professionals across the home-buying business and every other service you could imagine. It is very easy to see how well thought of he is in his profession by the relationships he has and his commitment to excellence in the home buying and selling process. Every obstacle that came our way was met with calm and resolve with CJ and he figures out solutions to include thinking outside the box. I can’t recommend CJ enough. He will always pick up his phone and get back to you. If, on the rare occasion he does not have the answer, he will hunt it down and get back to you promptly. He will exceed your expectations and make deals happen when others can’t.

CJ was amazing through the entire process of selling our home. He knows the ins and outs of the sale process and was able to catch a few things before they became an issue. Would recommend CJ for any real estate transaction you might be thinking about!

My wife and I had a great experience using CJ as our realtor. Being an out-of-state buyer presents some unique challenges. CJ accommodated all our requests. He was always available for phone calls and questions. I would recommend using his skills and expertise for your next home purchase.

Honesty, integrity and professionalism is what you can expect from CJ. He will guide you through the process, making it all so simple and smooth. He is very informative and helpful throughout it all. Thank you CJ. Looking forward to our next transaction.

CJ worked out great!! He helped us get where we wanted to be without bringing the ego and drama that we have experienced with previous realtors. Two thumbs up from this couple ????

CJ went above and beyond for our home buying experience. Extremely knowledgeable of the area and led us to the best in the field to bring us to closing as soon as possible. Extremely professional and genuine. We never doubted that he had our best interest at heart. Got us an amazing deal on our home. If you need a realtor look no further. As far as we are concerned, he is the best in the field and the only one we’d ever hire.

CJ is very professional and knowledgeable. He helped us to create an awesome listing and we received a solid offer right off the bat. He worked to help us find a home and even in a tricky situation, we were able to purchase a wonderful new home thanks to him and his team! I would highly recommend working with CJ if you're in the market!

Alissa Walkoviak

CJ is a standup guy. Always answers right away is very reliable and he has a great smile! The process of selling my house was quick and easy. No issues whatsoever. His knowledge of real estate saved me a huge headache in the long run and I'm soooooo grateful I chose CJ as my realtor. He honestly knows what hes doing it was a very good experience! I'm very happy

CJ made everything so easy. He knew what I was looking for and he delivered. He was able to streamline the process and get me to closing quickly. I am very, very pleased! It was a pleasure working with him.