estate cash purchases: Cash Is King (It Always Was) - 12/29/11 12:40 PM
A report in DS News quotes a study that claims 38% of all homes bought in 2011 were financed by cash, not mortgages.  Tight lending criteria is likely one of the causes, but investors are also looking for ways to make their money yield better returns, too.  This trend is expected to continue for the near future.
My own experience is that there are a lot of cash buyers who want to be owner-occupants.  It’s not unusual for me to see cash offers on homes up to the $140,000 price point, so there’s a lot of competition for homes in ‘move-in’ … (4 comments)

 
Robert Smith, Search for Homes, Brighton-Howell-SE Michigan (Preview Properties, PC - http://www.RealEstateMich.com) Rainmaker large

Robert Smith

Search for Homes, Brighton-Howell-SE Michigan

Brighton, MI

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Preview Properties, PC - http://www.RealEstateMich.com

Address: 130 W. Grand River, Brighton, MI, 48116

Office: 810-220-1478

Mobile: 810-923-1480

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