5 reasons why not to use cash in real estate transactions
DESCRIPTION
Down Payment Bonds can so effectively replace cash in most residential and commercial real estate transactions that there are few reasons to assume the cost and risk associated with using cash. In this presentation we present five reasons why a dDown Payment Bond is the superior choice.TRANSCRIPT
Five Reasons Why Using Cash is a Mistake
Five Reasons Why Using Cash is a Mistake
Down Payment Bonds can so effectively replace cash in most residential and commercial real estate transactions that there are few reasons to assume the cost and risk associated with using cash.
Down Payment Bonds are more efficient, secure and safer than cash in most type of transactions.
Five Reasons Why Using Cash is a Mistake
A buyer would much prefer to have their money working for them earning interest or generating a return. By using a bond, it allows for the property to be completed first and THEN close out on the 100% of the purchase price. A very convenient option for any buyer seeking to make additional profits.
Highest and Best Use of Cash
Five Reasons Why Using Cash is a Mistake
In the event of a project couldn't complete its construction and the project became distressed, you would have to wait some time to get your money back. With the bond your obligation ceases, therefore, no further risk.
Down Payment Bonds Are Safer
Five Reasons Why Using Cash is a Mistake
The bond is secure in that it acts the same as cash, with an A+ financial rating Insurer standing behind the bond. A seller would accept such a comfort.
Seller Has Security
Five Reasons Why Using Cash is a Mistake
The application to issuance of a bond is relatively fast. It can be issued in just 3-4 days in most scenarios. With this speed, you can secure your contract quicker than your might be able to obtain cash assets.
Readily Available
Five Reasons Why Using Cash is a Mistake
Because the consumer pays a small premium, it is far more cost effective than other forms of finance.
Inexpensive
Five Reasons Why Using Cash is a Mistake
Summary
Its a smart safe and simple option than using your own funds for the down payment.
¤ Why would you use your funds, if you could use a Down Payment Bond instead?
¤ Application process is straight forward, fast and simple with a quick turnaround
¤ Prevents a scenario of having to “chase Down” your money
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