LitaWrites (real_lawyer) wrote,
LitaWrites
real_lawyer

D’oh! Cash is King

Campbell Surveys and Inside Mortgage Finance’s monthly HousingPulse Tracking Survey discovered that, “Homebuyers with enough cash in hand to cover their offer price in full are able to bid significantly lower on properties, and because they offer a shorter and more reliable closing timeline without the impediments of a mortgage, they often win out with that lower bid.”

 

They needed to conduct a study of this and then announce it as some sort of a revelation? Just ask any real estate attorney how valuable a cash buyer is, and to what lengths a seller will go to hang onto one.

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