Advantages To Buying A Home With Cash


Making a cash offer on a home eliminates the need for bidding wars and gives peace of mind to the buyer and the seller. Here’s why:

If you’re in the market to buy a new home, you may have heard about some of the advantages of buying a home outright with cash. According to research by the National Association of Realtors®, almost a third of all residential sales are cash transactions and more than 70% of properties bought by investors and international buyers are cash transactions as well. So, you may be wondering, what exactly are the advantages to buying a home with cash and how can I make a cash offer?

Preparing yourself to be able to make a cash offer on a home requires patience and self-control. Follow these tips to increase your chances of being able to purchase a home with cash:

  • Set aside any unexpected money that comes in (inheritances, bonuses from work, etc.).

  • Lock your money in a long-term CD to earn interest.

  • Look for homes that you can afford with the money you have (the goal is to not have to borrow).

  • Homes outside of the city limits are likely to be cheaper-look there.

  • Manage your spending habits; don’t make impulse purchases.

  • Ask your family and friends for support and help to keep you spending smart.

Here are just some of the advantages to purchasing a property with cash:

  1. Most sellers favor buyers who can offer cash payment. Sellers don’t have to worry about a cash buyer being approved for loans, so it’s a very reliable choice for the seller. Plus, a cash transaction means a quicker and smoother sale. So, cash buyers have greater negotiating power on price, closing time, repairs, and more.

  2. Some sellers will discount the cost of the property if the buyer pays in full, upfront, with cash.

  3. When using cash, and not a loan, the home-buying process is quickened and becomes much easier for both parties. Without loans, there are no stacks of paperwork to fill out and you don’t run the risk of being delayed for approval.

  4. Cash buyers can save money on closing costs, bank appraisals, mortgage applications and fees, title insurance, and more.

  5. There is no risk of loan denial with cash purchases.

  6. Mortgage interest on a typical 30-year loan can double or even triple the original purchase price of a home. Cash buyers don’t have to pay interest on any loans, so they end up paying much less for their homes in the long run.

  7. Cash buyers are able to save valuable time by eliminating the need to search for the optimal lender (which can be hard to find) and gather the necessary documents for the lender.

  8. Cash buyers have a better sense of security about their home. Paying in full and upfront eliminates the chance of losing your home if you can’t afford to repay mortgage loans. Losing a job, becoming injured, or facing other hardships doesn’t affect the cash buyer’s sense of security-no matter what the circumstances, there is never the risk of losing the home to foreclosure.

  9. Cash buyers gain full, immediate, excellent equity in their home. In the case of any type of financial emergency, homeowners can draw on that equity for quick cash.

  10. Cash buyers are able to avoid mortgage applications, which can often prevent a buyer from being able to afford the home. This can happen when a low appraisal of the home causes the lender to reduce the loan amount offer to the buyer, making it impossible for the buyer to afford the home.

When a buyer purchases a home up front with cash, both they and the seller benefit. Financially and emotionally, cash transactions are beneficial to everyone involved in the transaction. Cash transactions save time and money and allow homeowners to be more secure in their purchase. Cash transactions can, in many cases, take away a lot of the uncertainty associated with buying and selling a home.

For more information on the advantages of buying a home with cash, read the original article from here.

How To Buy A Home in State College, PA

The process of buying a home can be daunting and confusing, regardless of whether you’re a first time homebuyer or an experienced homebuyer. Here are the steps you need to take to buy a home in State College, PA…


1. Find a Lender

First you need to see if you qualify for a home loan and, if you do, how much money you qualify for. You should look at your finances and determine how much you think you can afford, and then meet with a loan officer who will tell you what loan amount you qualify for.


2. Find a Real Estate Agent

Next you should find a real estate agent who is familiar with the housing market in Worthington, and who is experienced in buying the types of homes you’re looking at. Additionally, a real estate agent can help you with writing up an offer once you find a home, negotiating with the seller, and with any questions you have about the homebuying process.


3. Make 3 Lists

To help narrow down your search and to give your real estate agent direction on what houses to send you, make 3 lists.


List 1: Things you HAVE to have and can not live without

List 2: Things you would like to have but are not a deal breaker

List 3: Things you DO NOT want and will not buy a home if it has this


Keep in mind your lists might change, just remember to communicate that with your agent so they can continue to pull the right homes for you to see.


4. Search For Homes Online

Now you can begin the search for your home. You can do some research on your own by checking popular real estate listing sites, such as Zillow or Trulia, and you can also drive around neighborhoods in Worthington and look for “for sale” signs. If you want or need some help in searching for a home, you can ask your agent to suggest homes for you.


TIP: Most real estate websites have a lot of homes for you to search through. You need to know that not all of the information is accurate. Make sure that you talk to your real estate agent if you see a home online.


5. Do some research

The best thing you can do is to educate yourself. Yes, the professionals you hire will help you along the way but to be fully prepared do your research. Start by answering these questions…

– How much can I afford?

– How much am I willing to pay?

– How much does it cost to buy a home? (down payment, inspections, closing costs, etc)

– How long does it take to close on a home?

– What is a “request to remedy”?

– Is it a buyers market or sellers market?

– Are there still “steals” out there?

– Am I willing to do a lot of repairs? If so is a 203k loan right for me?


The list goes on. Just make sure you are financially and mentally prepared for the process!


6 Reasons Your Home Is Not Selling

Are you having trouble selling your home? There are many reasons why your home might not be selling. According to an article from RIS Media and many years of experience in the industry, here are some issues that may not be as obvious, but are still preventing the sale of your home…

1. Your Home Is Not Easily Accessible For Showings: Are you getting a lot of showing requests that you are turning down? Many sellers make the mistake of not accommodating a buyer’s request for showings because requested showing times are inconvenience to the seller. Try and remember that your home is a product for sale. Do whatever you can to cooperate with showing requests, even if they are last minute or on off hours.


2. Pets: Pet problems can go beyond unfriendly pet barking or jumping on a potential buyer. Pet owners need to go to extra lengths to make sure to remove pet hair and keep odor to a minimum. Take your pets out of the house during showings or make sure they are crated. A potential buyer is there to view the home that is for sale and should not have to worry what your pet is going to do.


3. Not Aggressively Marketing Your Home: Is your home listed on MLS and public websites? Most buyers are shopping for a home online these days, so having an online presence is highly important. If you are dissatisfied with how your home is being marketed, you may need to sit down for a brainstorming session with your agent.


4. Your Agent is Not Familiar With Your Area: Did you list your home with an agent from outside of your area? Do they know much about your market? If your agent knows little about the market how can they properly position your property for sale? They may be missing the important selling features of your home.


5. Pictures: 89% of homes buyers start their search online before calling an agent. Even when they have an agent, they are still viewing your home online before setting up a showing. So their first impression of your home is through the pictures that are displayed on the MLS and other real estate websites. Make sure the pictures of your home make a good impression and invite buyers to want to set up a showing.


6. Price: Before listing your home, your real estate agent most likely showed you the comparables and market statistics for what others homes are selling for in your area. If your home is not priced properly, you could be missing out on potential buyers. The market stats don’t lie, make sure you pay attention to them and the advice of your agent to price your home properly for today’s market. No matter what you paid for it or how much money you spent fixing it up over the years, make sure to pay attention to the statistics.

For more possible reasons your house isn’t selling, check out the original article here.

Luxury Home Neighborhoods Near State College, PA

If you’re looking to buy a home in a luxury home neighborhood near State College, Pennsylvania, here are a few that you should include in your search.


The Village of Nittany Glen


These new homes have so much to offer from gourmet kitchens and over-sized gardens to so much more. Visit the website to become part of this outstanding new neighborhood, located in the Benner School District and minutes away from Beaver Stadium.


Price: From the high $100’s


Collegiate Station


The new homes at Collegiate State offer a luxurious and maintenance-free environment. These single family homes feature over-sized kitchens, 2 car garage space and endless possibilities.


Price: From the low $300’s




These single family homes are located at the base of Mt. Littany. The community features custom home designs, sidewalks and beautiful views of the nearby mountains.


Price: From the high $200’s


For more information on luxury home communities throughout State College contact me, Susan Rupert at I will be happy to help you find the perfect community that you can soon call home.

Tips For Buying An Investment Property

With home prices still on the lower end, now is a great time to purchase an investment property to get a huge return on your investment. Whether you’re looking for a property in a University community or a fixer-upper in and up-and-coming neighborhood, here are five tips for buying an investment property this spring…

Plan and Research

You wouldn’t buy your own house without a plan or conducting research, so don’t invest in a property without doing the same. You want your property to achieve the best result, so come up with a long-term plan of what you ultimately hope to achieve. Make your goals realistic and include a thorough budget. The planning stages aren’t always the most exciting, but they provide the framework for the overall development of your new property.

Location is Key

Location will be the dictator of how much you can charge in rent or how much you can sell the property for after it is fixed up. Seek out locations with good transportation links and recreational areas. Avoid busy roads or areas that are being developed, potential buyers will see those as noisy inconveniences. University communities are usually a great place to invest because there is always a need for housing from students, faculty and staff.

Get an Inspection

Hiring someone to do an inspection might seem like a waste of money, but this is one thing you should not overlook. Even if the owner says the property was already inspected, paying the extra money will be worth it in the end. Whether or not they find a problem, you will have the peace of mind knowing that you’ve checked – and double checked – the quality of the property.

Use your Imagination

Don’t look at the property for what it is now, look at it for what it could be. Try to see past the chipped paint and lack of curb appeal, and pay attention to the attractive things that you can shape it into. Buying an investment property is a great way to let your creative juices flow.

Ask Experts

Seeking help from a buyers’ advocate, financial planner and/or a property manager is also something to look into. They can each help you at different stages in the development of your investment property, and they can make all the difference.

Buying an investment property should be an experience that you learn and grow from. It can also be rewarding in more ways than one.


For tips on choosing an investment property that earns you the most profit, visit here.

The Perks Of Buying A Home In A College Town

They say your college years are the best years of your life. No, you might not want to relive those years as you get older, but you can benefit from buying a home in a place similar to the one that holds all of your fondest memories. Here are four perks of buying a home in a college town…

Rents are Expected to Increase

Some home prices are still out of range for most homebuyers and rising interest rates are forcing homeowners to sell their homes. Because rents are expected to increase in the coming years, buying a property in a rental market, like a college town, is an attractive option whether you are looking to live there or use it as an investment property.

Plenty of Opportunity

Housing demand may fluctuate in different areas; however, there is always a steady flow of students, faculty and staff in college towns. Some colleges and universities don’t have enough on campus housing, so there is always a high demand for homes off campus. This will provide opportunities far into the future if you’re looking to use your home as an investment property. There will always be a need for a home in a college town, which can give you peace of mind before you make your purchase.

The Area Sells Itself

You might not want to own a home in a college town forever; so lucky for you the area basically sells itself. You won’t have to spend a lot of time marketing the area because there is a constant demand from new students, faculty and staff. There are also attractive amenities that draw people into the town like culture, entertainment, food, shopping and public transportation.

Stable Rent

In college towns the demand for rentals is very high. The demand will keep the rental prices strong even when different housing markets are failing. It will not only be a great place to call home, but a great investment for the future.

Buying a home in a college town may be for you. It offers countless opportunities that any homebuyer can benefit from. So what are you waiting for? Go out and find your next property in a college town.

To learn about some investors who benefitted from buying in a college town and what college towns are worth checking out, visit here.