BUYING CASH OR FINANCING MIAMI REAL ESTATE

While cash buyers are much the norm nowadays, there is always a hesitant buyer that questions whether purchasing a property ALL CASH is the best way to go.  Or, if financing, even if you have the cash, is the better alternatives.

There are many pros and cons to each scenario.  Purchasing cash allows a real estate buyer  to avoid interest payments, closing fees, taxes on the purchase including intangible and documentary stamp taxes as well as avoids the necessity for bank imposed insurance requirements. However, tying up all your cash in real estate may not be the best investment for some.

Those real estate buyers that are able to give a significant down payment, 20 percent or more, and finance their deals, are able to put their money into additional real estate investments, or save for emergencies.  Moreover, a mortgage on a property often protects against judgment creditors and provides other protections.

If you have questions or concerns regarding purchasing cash or financing, it is always best to consult with an attorney to represent you.   With over 17 years experience, we are well versed in Real estate contracts, As Is residential contracts for Sale and Purchase, Force Majeure and how Acts of God affect real estate contracts, as well as inspections and interpreting reports, as well as negotiating concessions between buyer and seller.  

Whether you are about to sign a contract and need legal representation or your contract reviewed, we are here to help.

We offer a free legal consultation regarding your real estate contract, purchase or sale.

With over 17 years experience practicing real estate law, and holding dual licenses of both lawyer, realtor and accountant,  allow attorney Jacqueline A. Salcines to guide you.

We are a full service title company and handle closings from beginning to end.

Practice Areas

• Real Estate Closings
• Title Insurance
• Lien Searches
• Inspection report review and negotiations
• Contract Law and review of Real Estate Contracts
• Escrow law
• Real Estate Litigation

Contact the Law Offices of Jacqueline A. Salcines, PA today at (305) 669-5280 to schedule your legal consultation.