Fourth Quarter Stats show just over 50% are All Cash Offers.
I think one of the reasons you are seeing more cash deals is because of the tight restrictions on “investor” financing that I will have more to say about later.
If you have been looking for an investment property and haven’t been able to get in the door because of competition of other Investors, don’t feel like it’s something personal with you and your situation. It’s a function of our current Market & Economy.
I have the list of Closed Sales for the 4th Quarter that shows: List Price, Sold Price, Days on Market, Type Financing if any and the “reported rents” in some cases. I have the Summary Below. Click Here for the Closed Sales List in PDF format
I hope you take a minute to look at the list because you’ll be amazed at how many of them sold for well over asking price.
Make it a Great Day
Ed Favinger, Broker firstname.lastname@example.org, 916-203-1260