May 2019

Many homeowners dream of selling their house for cash, because home buyers with mortgages add additional risk to the home buying process. If the mortgage does not fund at the end of the transaction, the home buyer must back out of the contract without purchasing the home. This doesn't happen when selling a home to someone paying cash.

However, there can be dangers when selling a home to someone who pays in cash. Understanding the risks can help you decide whether you want to accept an offer from a cash buyer.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Know the Risks

Typically, cash buyers are investors, not homeowners. Investors buy homes

Historic homes are beautiful, romantic and fun to own. However, if you're thinking about buying a historic home and you've never owned one before, preparing yourself can help make the experience a good one. Here's what you need to know about buying a home with historic value.

Budget for Maintenance

Historic homes may have a lot of deferred maintenance. Original features in particular tend to need extra love and care to ensure that they can continue to function. Homeowners are encouraged to budget at least 1% of their home's value for home maintenance every year. Homeowners with historic properties may need to set aside more to ensure they can keep their home functioning.

One of the factors that affects the cost of maintenance is whether