Do I need to get pre-qualified if I'm paying cash for a home?

If you are writing an offer on a property, No.Just have your agent show proof of cash when presenting offer. Make sure account number or numbers are blacked out.Hope this helps.Keith GellerRENET Financial805-445-7544

No, a bank statement with the account number blacked out, showing you have the funds to pay cash should be sufficient. Congratulations on being able to pay cash for a home! Often times it can be better to maybe take out some amount of a loan on a home purchase, but only you and your financial advisor know your complete financial picture right now to make such a decision. If you feel most comfortable with paying cash and it is not going to cost you much in the long run to do so, then that may be the way to go. In mortgage planning, though not a certified financial planner, I try to look at the whole financial picture and assist a mortgage borrower in making their decision and I do think paying cash often is a good decision when they still retain sufficient cash reserves. Getting the interest tax deduction is not always sufficient enough to make it seem worthwhile to pay the interest in the first place. My Mom and older brother purchased a home, for the second time, with all cash though they easily could have qualified for a substantial loan.

No..just proof of funds needed for the transaction is all you need.Appraisal will also be at your discretion.

Congrats! Just a Bank Statement and you are good to go!I would still chat with your CPA. It's cheap money to borrow on a 15 year and you could potentially make more money putting those fund into the proper investments.

No, but you should be prepared to show proof of funds.. For financing options, so long as you apply within the first 6 months, you can do "Delayed" financing and pull up to 80% cash out.. Understand that most all financial advisers will tell you that "Cash Is King".. Why pay cash for a home when you can finance for less than 5%.. Most all financial instruments will make you that if not more.. and the interest paid on a mortgage is tax deductible.. You might want to get with your financial planner and let him show you the actual COST to you for paying cash.. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893