There is a new phenomena slipping into our midst - have you seen it? It is happening all over the country, Cedaredge and Delta County, Colorado, are no exceptions. It is the cash home buyer - actually not just homes, but land, commercial and ranch properties as well. I discovered this trend while doing my routine analysis of our Delta County, Colorado real estate market.
Well, this piqued my interest - I immediately went into "Penelope-mode" as in Penelope Garcia on Criminal Minds... Now if you aren't a Criminal Minds fan, this will not make any sense to you, but those that are KNOW what I'm talkin' about. I was Googling the heck out of all the different areas of the country, Florida, California, Las Vegas the way Garcia pounds that keyboard looking for the "un-subs" !
Here is what my detective work revealed: Delta County, Colorado, has had 83 total real estate transactions since January 1, 2011 (according to CREN MLS) - 38 of those were CASH sales - 45% of the buyers came to the table with cash. Interesting... then I found this about the South Florida market, and the Las Vegas market and Orange County, California....
Wow, could it be that these buyers are dumping their stocks, CD's (that are paying less than squat in interest) and possibly money market accounts and putting the money into good old real estate? Sure appears like it to me. Inflation is fast approaching and we have some savvy buyers out there right now who are ready to buy real estate. We are ready to help you find that great place for your cash.
Western Colorado is the perfect place to put some of that cash. We have good fertile land, beautiful views, and great weather as well as some really great homes. No tornadoes, earthquakes (at least not yet) or hurricanes. This is an exceptional place to live, work and play - or just invest your money.
Comments (7)Subscribe to CommentsComment