chase ragazzi realtor > News - Style Real Estate, San Diego Real Estate - Page #2Chase Ragazzi
REALTOR® - Sales Associate CalBRE: 01934600


Are There Benefits to Paying for a Home in Cash?

Buying a home all in cash can have disadvantages. Eric Dorsch, a New York attorney with Kozusko Harris Duncan, said non-U.S. citizens who choose not to finance a new home may be subject to the government’s new reporting requirements for all-cash deals. He also noted that debt can be used, in certain circumstances, to minimize exposure to U.S. estate taxes, while paying with cash brings no similar benefit.

Edward Mermelstein, managing partner of the Manhattan law firm of Rheem, Bell & Mermelstein, did point out that New York City charges a mortgage recording tax of as much as 2%, which home buyers can avoid if paying with cash. However, he added, mortgage interest is typically deducted on first and second homes, and a cash purchase would negate that advantage.


One Easy-to-Use Dashboard Simplifies Your Move for FREE

move easy vertical black > News - Style Real Estate, San Diego Real Estate - Page #2I just added a free Moving Concierge service to make your buying or selling of real estate EVEN EASIER!

  • Personalized Moving Checklist
  • Get Exclusive Moving Deals and Other Services
  • USPS Mail Forwarding
  • Update your Drivers License
  • Switch Utilities
  • Connect Your TV and Internet
  • Find Movers, Rental Trucks or Portable Containers
  • Reserve Self Storage
  • Even Ship Your Auto!

Feel free to sign up, because it's free, and then when you are ready to move, enjoy the experience. If you have any questions about MoveEasy, call me at 619-800-8088

© Chase Ragazzi, Berkshire Hathaway HomeServices California Properties, CalBRE #01934600 :: Website and hosting by 422Media

Berkshire Hathaway HomeServices California Properties, CalBRE Broker #01317331 | 516 5th Ave, San Diego, CA 92101, Phone: 619-595-7020 | Website