Special offer

The New Cash Home Buyer - Are Americans dumping their stocks and buying real estate?

By
Real Estate Broker/Owner with 970-216-0530 http://WeSellDeltaCounty.com Colorado Lic# 40029852

There is a new phenomena slipping into our midst - have you seen it?  It is happening allPaying cash for real estate 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.

 

 

 

 

 

Posted by

Eileen Liles , CRS, GRI, SRES, CDPE

Macht-Liles Real Estate Group

Cedaredge, Colorado

Comments (7)

Virginia Hepp - Mesquite NV REALTOR
Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV
Mesquite NV Homes and Neighborhoods - Search MLS

Eileen, I have noticed it here as well.  And using money from your SOLO Ira to buy real estate is becoming more common.

Apr 18, 2011 07:17 AM
Eileen Liles
970-216-0530 http://WeSellDeltaCounty.com - Cedaredge, CO
Macht-Liles Real Estate Group - Cedaredge, CO

And that would be a good blog topic, Virginia!  Many people don't know that they can use funds from an IRA to purchase real estate.  Thanks for commenting.

Apr 18, 2011 07:25 AM
Gary S. Thompson
Masters Utah Real Estate - Cottonwood Heights, UT
Broker Associate, Realtor, CRS, SRS, SFR, e-Pro

That is a lot of cash transactions - I have noticed more personally - but now will go look at the numbers to see what that says. Very interesting!

Apr 21, 2011 11:50 AM
Karen Bernetti
Southington, CT

Eileen - very insightful post. That is quite an interesting trend.

Apr 23, 2011 06:46 AM
Eileen Liles
970-216-0530 http://WeSellDeltaCounty.com - Cedaredge, CO
Macht-Liles Real Estate Group - Cedaredge, CO

Gary - how did your numbers come out?

Hi Karen, thanks for commenting.  I'm curious to see if this is the same trend in other parts of the country.

Apr 25, 2011 02:52 PM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Nice article Eileen! Thanks for the share. Hope to read more interesting article like these. Have a good day!

May 05, 2014 11:53 PM
Waynette Hoover Araj
Keller Williams Realty - Asheboro, NC
Connecting your Dreams with the Right Real Estate

Good thoughts Eileen! I'm so glad to read fabulous article of yours. Keep it up!

May 23, 2014 10:05 PM