Canada to Arizona Real Estate Info
Can I pay cash to purchase a home?
OF COURSE! Actually, purchasing with cash can be an advantage if there are other offers on the same property. A seller will feel more comfortable knowing they don't have to wait for a loan approval. Many Canadian buyers are arranging their finances at home to enable them to take advantage of the current exchange rates, and not role the dice on future fluctuations. A common occurence is friends going in on a purchase together to be able to come up with the cash for a vacation home purchase.
Paying in cash is easy. Wiring the funds is preferable. Carrying a suitcase full of cash across the border, not so much. Homeland Security might want to talk to you. All that you need at contract is proof of funds for the seller. That can be as simple as a letter from your accountant, financial advisor or bank official.
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