{"id":7577,"date":"2019-04-24T09:59:14","date_gmt":"2019-04-24T09:59:14","guid":{"rendered":"https:\/\/kenyahomes.co.ke\/blog\/?p=7577"},"modified":"2019-04-24T13:45:59","modified_gmt":"2019-04-24T13:45:59","slug":"cash-vs-financing-what-is-better","status":"publish","type":"post","link":"https:\/\/kenyahomes.co.ke\/blog\/cash-vs-financing-what-is-better\/","title":{"rendered":"Cash Vs Financing: What is better?"},"content":{"rendered":"\n

When it comes to real estate, it is amazing for investing because it\u2019s a way to generate wealth and passive income especially rental properties. Moreover, each Kenyan wants to own a house when you reach a certain age; pressure from spouse, partner or family pushes you to get a house. Most of the time you don\u2019t actually have enough cash to buy a home. However, with a mortgage, you can purchase your dream home without worries. <\/p>\n\n\n\n

We can get you your dream home<\/a><\/em><\/strong><\/p>\n\n\n\n

Nonetheless, with the fear of debt on our minds, we tend to shy away from making bank loans. But you still need the house and if your savings don’t reach the house price you will need financing help. <\/p>\n\n\n\n

Although paying cash for the house is a better option but it has its risks. Because if the purchase flops you will be left without money nor a home. This also applies to a mortgage. You can be conflicted between the two. <\/p>\n\n\n\n

Paying cash <\/strong><\/h2>\n\n\n\n

Paying with cash eliminates paying interest on loans. Additionally, it’s an attraction to sellers as well because they don\u2019t have to worry about the buyer backing out due to delay in financing. This also comes with the benefit of cash discounts, the buyer may find they have bought a house at a cheaper price than anticipated.<\/p>\n\n\n\n

In addition, the home no leverage and can resale at any price despite market conditions.<\/p>\n\n\n\n

Pros of paying in cash<\/strong><\/h4>\n\n\n\n