We could pay cash for the next house. Should we?
Answered by Chris Deutsch, Founder & Editor
Licensed Minnesota Realtor #20382264 ·
The short answer
Maybe — being able to isn't the same as should. Cash buys certainty: no financing contingency, no appraisal negotiation, a faster close, and an offer sellers take seriously. What cash costs you is flexibility. Money in the house stops being available for whatever comes next. At your scale, that trade belongs in a conversation with your financial adviser, not your agent. (I'm not your CPA or your planner, and this isn't financial advice.)
On stage The 60-second answer
Captions on · Transcript below
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The longer answer
Here's what most people don't know: it isn't either-or. You can close with cash and put financing on the house afterward — lenders have a process built for exactly that. The offer can be strong without the decision being permanent.
My lane is the house and the negotiation. Get your adviser's answer on the money. I'll make whichever version of the offer wins.
The next department over
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From the editor's desk
“As Founder and Editor, I review, correct, and stand behind every answer.”
Is your situation more specific than the market? That's the one worth talking through.