Cash Buyers Are Still Out There…!

So Says The Sacramento Business Journal

CLICK HERE to catch this article just in,  but it’s old news to me.

I’m working with more than one buyer using “all cash” for their purchase.  And they vary…  Some are “flippers”, residential income  investors and home owner purchases.  

Personally… I don’t see an advantage anymore in doing a cash deal unless the property is in dis-repair and unable to be financed under normal circumstances.   This was the situation in a couple of “bank owned” duplexes buyer purchased through us recently.

Also… having extra cash might help close a deal if an appraisal in conjunction with financing comes in low because the buyer can make up the difference if the value is there.   This is a problem now because values are rising faster then the supporting appraisals.

 

Make it a Great Day…!

 

Ed Favinger, Broker, CRS, GRI, SFR, CDPE        916-203-1260         favinger@rwnetwork.com

 

Related articles

• Many home buyers turning to family mortgages
• Calif. may revamp school construction funding
• House hunters taking more conservative approach to financing
• Sacramento apartment rent growth drawing national notice