In the near future, I'd like to buy the home that I grew up in but I have a few questions. If I asked the homeowner if he/ she would agree to sell me their house in cash would they get the whole amount? Let's say that I offer them about $316,000 in cash. My main concern is, would the homeowner get the whole amount? Or would the real estate brokerage get the money? Taking out a mortgage wouldn't be ideal for me at all because my parents got the home foreclosed, so I'd rather save up enough money literally for more than 2 decades to buy it instead of having the burden of a mortgage for 30 years along with interest rates. I'm not too entirely familiar with the process of paying cash for a property as I rent out an apartment. Any answer would be appreciated!
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