Benefits Of All-Cash Transactions In NYC
Limitations Of All-Cash Transactions
- Even though an all-cash offer might be attractive for a co-op seller, you will still have to go through the co-op board approval process (time-consuming and rigorous), and the board will still review your finances as per their guidelines.
By committing a significant amount of cash to buy a property, you may lose a lot of (or most of) your liquidity and consequently miss some investment opportunities. However, this limitation is offset by the fact that most properties appreciate (at a decent rate) over time.