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Updated almost 4 years ago on . Most recent reply

User Stats

107
Posts
33
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Brendon K.
  • Real Estate Agent
  • Los Angeles
33
Votes |
107
Posts

When you pay cash for a property, are people really paying cash?

Brendon K.
  • Real Estate Agent
  • Los Angeles
Posted

I feel like a cashier's check or a money order would be a highly safer and more documented method of paying for a deal. Is it just that people are advertising "I'll pay cash for your property" and then they turn around and provide an almost-like-cash? What do you use when a deal goes through?

Most Popular Reply

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2,086
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2,139
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Andrew B.
  • Rockaway, NJ
2,139
Votes |
2,086
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Andrew B.
  • Rockaway, NJ
Replied

a "cash sale" in real estate means it is cash in the bank. No one is showing up to closing with several hundred thousand dollars in cash in a briefcase, but I would love to see it.

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