It’s known for everyone that the housing market has collapsed and more and more investors all over the country started to look for the ways to earn some cash. For example California investors have been looking for deals where they are able to pay in cash. After that they can easily resell the houses to get a real profit. And the tendency is developing and more and more buyers prefer cash. Because such buyers can get some discounts and the purchases hardly ever fall out of escrow. And people who want to buy a house can meet some difficulty as investors are everyone and they are ready to pay any money to get a house.
Some people say that you can sell your house faster if you offer a cash purchase. They say that there bidding wars in some states and as soon as a house appears on the market there are many offers and half of them are cash offers as they investors are very active to buy any property to get some profit in future.