FALLING HOME PRICES SPUR AN INCREASE IN ALL CASH OFFERS!

By
Real Estate Agent with Keller Williams Capital Partners Realty 277320

Homes financed by cash have been increasing in markets that have been hard hit by the foreclosure situation, a sign that bargain hunters are out looking for deals and ready to BUY!

 

Approx. 1/3rd of sales in Phoenix were all cash in January 2009. Sacramento  had 24% of sales being all cash for the same time period. Miami Florida checked in with 30% of sales last month. It is sort of "Goodness, prices have fallen so low that people are willing to pay all cash are buying"

 

I currently have 3 properties under contract to investors that are all cash. All of these homes are bargain prices and will provide good positive cash flow for now and a re-sell for profit down the line. Last December I closed on 5 such units for clients.

 

It's a market where no one is getting any return in the bank and mostly negative in the stock market. An investor buys what makes them money. Right now the action is in all cash offers for undervalued real estate.

Posted by

________________________________________________________________________________________________________

                                     

THE JACKSON TEAM  614.888.1000   614.431.1220

VISIT US AT WWW.THEJACKSONTEAM.NET

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Ohio
Groups:
Realtors®
Keller Williams 'Rainers
Investors
Active Rain Newbies
Tags:
ohio
ohio real estate
ohio state university
central ohio 43214
clintonville homes for sale
clintonville realtor

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention
Rainmaker
1,268,031

Joe Jackson

Clintonville and Central Ohio Real Estate Expert
Ask me a question about Real Estate!
*
*
*
Spam prevention

Additional Information