Cash Deals On The Rise

Cash Deals On The Rise

Now here’s a news article that caught my attention: All-cash deals hit a record 43% of home sales during the first three months of 2014, according to RealtyTrac. 

If you have been fortunate enough, as I have, to have brokered some of these deals, you might be asking yourself, why the switch to cash?  They go on to point out the stricter lending standards making it difficult for some buyers to get a mortgage and a buyer who has the cash wants to appear more attractive to sellers.

The average home price for cash buyers was around $207,000. They were usually foreclosed/distressed homes which usually fall below market value. To read the complete article, go to: http://money.cnn.com/2014/05/08/real_estate/cash-home-sales/index.html   


Brian Hargrove Headshot
Author:
Phone: 919-830-5233
Dated: May 8th 2014
Views: 583
About Brian: ...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Best Places In NC -
Raleigh NC Real Estate Update August 2021 - The Triangle real estate market
Dear Home Buyer - Greetings from your local real
Raleigh NC Area Real Estate Market Update 2021 - Raleigh, Durham, Chapel Hill and

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Grow Local Realty
140 Raleigh Street
Holly Springs, NC
919-582-7340
919-867-6464

Other Locations