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HeyaShinyObject t1_j7mk6j5 wrote

Reply to comment by Any_Advantage_2449 in These housing numbers are insane. In some towns the cost to buy a house is 10x the average salary. by LopsidedWafer3269

Some buyers will ask for proof that you have the assets on a cash deal.

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thewags05 t1_j7n37yk wrote

I bought a house with cash after I sold my current house and they asked for proof I have or at least would have the cash

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Rockefor t1_j7niimk wrote

The guy who commented that saw a viral tiktok video that said you could do that. I asked my realtor if we could do that and he told me "absolutely not".

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thewags05 t1_j7nlc6b wrote

Even if you could it would be pretty risky. If for whatever reason you didn't end up getting the mortgage you'd lose your deposit at a very minimum. Worst case you would end up being sued.

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wittgensteins-boat t1_j7nll38 wrote

It is fraud to do so. Representing facts that are not true.

The seller can sue you for damages, and misrepresentation and for halting a sale that you could not fulfil on.

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