Hi Debe,

Great post! Yes, we're seeing more cash buyers, more investors, and more 2nd home purchases in the Raleigh - Durham Triangle area. The nice thing about cash buyers is they're closing in 2-3 weeks!

Hi Debe , 

In San Antonio Texas we are experiencing more cash buyers also !!!   Great Post

Hi Debe,

We are seeing the same thing in Austin..many cash buyers. I have represented several clients who have been in large homes..we listed, sold and bought smaller homes with their cash equity..it was time to smart size and they took advantage of the market.

$4,800,000 CASH PURCHASE????  Was it Madonna?  That's just insane.  I'll be back later, I need to go try to wrap my brain around this.  :)

Wow! Cash buyers. This is wonderful. Glad to hear. Hope they continue to use the best Realtor in Charlotte!

Out here on the west coast and at the higher end of the price range, they're calling the cash element the "Facebook" effect.  What's your excuse there?

:-)

Debe, it looks like cash is king in Charlotte. It sure makes the transaction easier when you don't have to deal with a lender.

Great post Deb. We let our buyers know about many all cash purchases on the market. They might not believe us until they lose the bid because they are outbid by other all cash and higher offers.

Though cash may be king in Prince William County the percentage of cash transactions is lower than FHA, Conventional or VA loans to date this year.

Where is all this cash coming from? More importantly, there is a trend to pay off the home after this recent debacle

I'm sure that Madonna is not the only one with 4.8 million. Love the style of the color charts that you used in this post!

Good to see there are lots of cash buyer in your market as well. Here in Manhattan New York, many deals are done with all cash purchase.

I believe the reason I got a contract this week was because my buyers listened to me and did 5% down rather than FHA.

And that seems to mean that there may be a interesting flux of buyers.  Are these cash buyers investors?  Might be hard to tell but what's your rental market looking like these days?  Do you have lower end properties that are being picked up by the cash buyers?  Great looking charts Debe.

As everyone knows, cash is king. Having pre-Approved buyers isn't a bad thing, though. Debe, your charts are awesome!

Debe -  That's a huge percentage of the market, and it can be tough to compete with if the cash buyers are making semi-reasonable offers.

Buyers with cash want to capitalize on the market as they sense optimism.

Lots of Cash circulating in the market here in Silver Spring, Maryland too!  It's the most common in fixer ups and foreclosures.  My most recent listing had 3 offers and all three offers were all cash.