During the Real Estate downturn, many Buyers swooped into the market paying cash for the glut of foreclosures on the market, threatening many first time homebuyer’s as well as repeat buyers looking to finance their purchase. Now that the market has leveled out and is healthier than it has been in years, paying cash for your Naples home may or may not be the prudent thing to do. While cash buyers certainly enjoy some potential perks…..such as no real estate loan charges, quicker closings due to there being no middle man involved and possibly better discounts offered by Sellers due to the “all cash” nature of the transaction, as well as the ability of the Seller to get out from under the home quickly. There are, however, those economists which encourage potential cash buyers to look at the” dollars and cents” benefits of Financing……writing off the mortgage interest on their income taxes, qualifying for Homestead Exemption in the State of Florida and perhaps getting a better return on investment for their funds should they not opt to pay cash . Let me help you look at the best possible options available for the purchase of your Naples property. Call or email me at 239-273-4006 or Far@MoveToNaplesNow.com, or visit my website where you can also learn about my Special Buy and Fly Travel Incentive Program at fay.movetonaplesnow.com. Fay Mlinarich, PA., Premiere Plus Realty.
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