“Cash Is King” Is changing the Real Estate Market

“Cash Is King” Is changing the Real Estate Market

“Cash Is King” and Investors are major players in the market.

With a shortage of housing supply in California, creating a bubble, with demand of existing inventory pushing up prices getting an offer excepted is becoming harder and harder.  Money (Mortgages) is cheap. Mortgage interest rates are at historic lows. Combined with prices that were depressed, this is drawing buyers into the market and convincing sellers that now is the right time to put homes on the market.

Investors continue to account for an unusually large share of all home sales.

Absentee buyers – mostly investors and some second-home purchasers – bought a near-record 28 percent of the Southland homes sold last month. That was up from 27.7 percent the prior month and up from 25.4 percent a year earlier. Buyers paying with cash accounted for a near-record 32.1 percent of the Real Estate market so far in home sales.

Cash purchases have peaked at monthly average is 16.8 percent. Cash buyers purchase a average $250,000 purchase price, up 21.1 percent from a year ago.  If you are looking to make an offer in this market you must have a strong lender that can close quick that gives you financial firepower.  This is quickly becoming “Cash Is King” market due to investors that can afford to lose money and make money.

If you are looking to sell your home, purchase a home, a Short Sale, or Standard Sale.  I can help you! Please contact me at (888) 995-2637 or email us at info@iamshortsales.com

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