In most cases, sellers love cash homebuyers. It makes everything easier on the seller’s end, which means that you can probably negotiate a better price. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that the seller will know that you won’t back out at the last minute due to loan issues so that you can haggle a little more. You might be surprised by the impact of a cash offer on house closing costs. Many typical closing costs have to do with a mortgage, but if you’re paying in cash, you can avoid many loan fees. With a mortgage, closing a home requires you to wait 30 to 45 days on average. Paying in cash, you can finish the purchase transaction in one to three weeks. Check out below to see what sold last month in Northville Hills Golf Club in December 2018:
46601 Merion Circle, Northville: 5 bedrooms, 4.1 bathrooms, 3,379 sq. feet, 3 car garage, Sold Price: $600,000
Northville Hills Golf Club Home Sold
December 2018
If you have a large sum of money in cash, it won’t be earning you any extra sitting in the bank or a CD. On the other hand, real estate investment is a great idea, even when the market may not be ideal. If you’re willing to hang on to your property for a few years, you’ll get out more than you put in on a cash deal. For more information on Northville Hills Golf Club, or similar Northville or Novi neighborhoods such as Pleasant Hills, Autumn Park and Woodlands of Northville, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.