Kevin Bratch — How is All Cash Rate Important in Real Estate? Let us Find Out
The real estate industry is very expansive. It is a sector that needs absolute patience and due diligence to navigate, as it can be unpredictable and frustrating at times due to existing market forces at that time. Hence, real estate greats like Kevin Bratch long ago noticed that investors entering into this market segment do it for several reasons.
Real estate investors more often than not might have come across the term allcash rate in their daily routines.It is simply a bidding process whereby a purchase is done without the buyer going for a mortgage loan or any other financing modules for that matter.In other words, the purchase is done using hard cash.
This type of financing is more prevalent in purchases involving single-family homes or condos. And as Kevin Bratch aptly puts it the all-cash rate is normally associated with several situations.
The third observation by Kevin Bratch happens when a particular investor or company has developed a keen interest in a particular property, thus, will do anything in their power to secure it. Last but not least, there are those properties, which are in great need of repairs and renovations. This can be a great attraction for investors in terms of a fix and flip kind of ownership.
Kevin Bratch urges investors to always be on the lookout for such offers. This is because they are mostly easier and cheaper to undertake, unlike a mortgage, with fewer contingencies and appraisals involved, unlike other financial modules.
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