Hudson Valley Musing


Paying cash for your home I hope you won't take a shortcut

Things you must do when buying a home with cash

Some homebuyers will forgo certain process when buying a home with cash, processes such as a home inspection, appraisal, survey, tilte search and insurance.  I was speaking with a home seller recently who did just that, who is now in the process of selling and the inspection revealed a host of problems, so did the title search.  If you are buying a home with cash make sure to do these steps:Paying cash for your home I hope you won't take a shortcut

 Home inspection

  • If you don't do the inspection you might not be aware of some structural issues that could cost you big time in the long run.
  • The condition of the septic system is something you want to know about, as it too could be an expensive fix.
  • How about buried oil tanks? This also could be a really expensive environmental cleanup if there is a leak and once the title passes you own the problem.
  • Check the radon level, if high, you could have the seller mitigate. 


The market is constantly changing so how do know you are not over paying?  This is especially important if you are doing the purchase all on your own.


I once looked at a house and with research discovered that a good portion of the house was on the neighbor's property. Then there was the time when my seller's neighbor had put up a garage on her property. Depending on where you are, encroachment can be an issue.

A complete Title Search

Until you do a complete title search you have no idea what issues might be hanging out there.  There could be many code violation which will be an issue when you go to sell.

Get Insurance

Make sure to get the right amount of insurance including flood insurance, if needed. Think of your cash purchase as an investment.

By addressing these issues you will avoid many headaches.

Don't short change yourself when buying a house with cash; doing so could certainly empty your pocket in the future.


Copyright © by Jennifer Fivelsdal, all rights reserved-Paying cash for yor home I hope you won't take a shortcut


  162 Deer Run Road, Red Hook NY 12571| 845-758-6842| Cell 845-594-9947

  Jennifer Fivelsdal  |   Real Estate Broker  |  

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Comment balloon 9 commentsJennifer Fivelsdal • November 08 2013 10:59PM


Jennifer ~ This is an excellent post to remind cash buyers and buyers' agents the important necessary steps. Skipping these steps can have ugly consequences. In the excitement of a purchase, keep in mind that it is a financial and emotional investment - no shortcuts, please.
Posted by Jane Chaulklin-Schott, TeamConnect Luxury Homes - Orlando, Florida, 32836 (TEAMCONNECT REALTY - (407) 394-9766) over 6 years ago

That's almost with no contract! Jeez!

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) over 6 years ago

Oh yes, I can see all sorts of problems later if these steps are missed.  Great advice.

Posted by Debbie Gartner, The Flooring Girl & Blog Stylist -Dynamo Marketers (The Flooring Girl) over 6 years ago

This is great advice. It is so easy to overlook needed details when a mortgage lender is not involved.

Posted by Roy Kelley (Realty Group Referrals) over 6 years ago

Great tips Jennifer. No matter if it's a cash sale. All your steps mentioned still must be taken...great reminder!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Home and Condo Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) over 6 years ago

Jennifer, Just becaus it is cash doesn't mean that steps shouldn't be followed. But I do see investors waive appraisals and some inspections because they have already factored that in.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 6 years ago

Jane so true, it would cost you big in the long run.

Laura it is wise to take these steps upfront.

Debbie a host of issues, especially when it comes to property line.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) over 6 years ago

Roy so true.

Larry and Sheila I am always puzzled when home buyers do this.

Debbie investors do this often, and I have seen them make costly mistakes.  Overpaying by not realizing a property will be a tear down requiring a new foundation.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) over 6 years ago

Very valuable information, Jennifer.  Trying to save a little money on any of these essential home buying procedures can end up costing much more if there are issues.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 6 years ago

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