Real Estate Glossary

What is Straight Purchase?

A straight purchase is a type of real estate transaction in which a buyer purchases a property for cash or with a traditional mortgage, without using any other financing or investment strategies. This is the most common type of real estate transaction, and typically involves the buyer obtaining a mortgage from a lender and using that money to purchase the property outright. A straight purchase is a simple and straightforward way to buy a property, and does not involve any additional financial instruments or complex transactions.