Frank Rubi, FrankRubiRealEstate.com (Frank Rubi Real Estate, LLC)

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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Most of them. 

   Buyers who need financing have a hard time competing.   Yes, every deal is cash when it gets to the Closing table, but a Seller looking at two offers, one is cash and it can close in a week, the other will take time to go through lending, appraisal, underwriting... what is the easy choice to make if the net is the same?

Aug 15, 2023 06:39 PM
Rainmaker
1,066,497
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

We have always had a lot of cash buyers here and doubt it will change.

 

Aug 15, 2023 07:02 PM
Rainmaker
1,217,269
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

There is a lot of cash out there. Sellers have lots of equity yielding lots of cash. Family money shows up to help young buyers.

But, remember, it is not always cash that wins, it is the amount of cash that makes the difference. Thinking you will get a discount because you have cash may cost you the house you want.

Aug 15, 2023 09:09 PM
Rainmaker
1,726,495
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

It's always been a lot of cash buyers here. In July on Maui, 37% of home sales were cash, and 48% of condo sales were cash.

Aug 15, 2023 08:59 PM
Rainmaker
1,468,807
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

I happened to notice quite a few buyers coming in all cash about 18- 24 months ago, which I thought was rather unusual considering how low rates were.  

Aug 15, 2023 04:51 PM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Can't say there are more now than there have been in my market. It's not always a win, depending on the price and the terms and conditions. Depends on the seller and the competition.

Aug 15, 2023 08:15 PM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

My market(s) have always had a lot of cash buyers.  Those offers do not always win out, however. 

Aug 15, 2023 03:02 PM
Rainmaker
1,463,267
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Yes, I'd say the majority of my buyers in the last 3 years have been 15%-60% cash down. Lots of 1031 Exchanges, 401K's, parent gift money and good old fashioned savers.

Aug 16, 2023 07:18 AM
Rainmaker
4,966,096
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

It's rare that I work with a cash buyer. It's rare that I get an all-cash offer on one of my listings.

Aug 16, 2023 04:17 AM
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Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I haven't been as active lately, so I haven't noticed any difference myself.  I have always been surprised by how much money people have though, haha.

Aug 16, 2023 03:56 AM
Rainmaker
604,430
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Our market according to WAPO was the number one spot for cash deals last year. The trend continues with the low inventory and multiple offers.

Aug 16, 2023 06:49 AM
Rainmaker
870,707
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

I have some cash buyers but that has always been the case. For years the interest rates were so low that potential cash buyers would make more by getting a loan and investing their cash. It has changed now. 

Cash buyers can be a bit more picky about things because they think cash has a lot more weight. To the seller, they get their money whether you pay cash or wether you get a loan so other than the appraisal, they really don't care.

Aug 16, 2023 05:29 AM
Rainmaker
5,012,742
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Have not seen an increase, but in some areas cash buyers can be a problem for those in need of financing entering the market.

Aug 16, 2023 03:34 AM
Rainmaker
835,649
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

I've definitely seen more cash offers in the last few years but the great majority of offers are still financed (with conventional, significant monies down and no seller concessions being the winning combo). 

Aug 16, 2023 05:48 AM
Rainmaker
5,780,350
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I was just noticing that yesterday also.   I have 70% of my transactions this year are cash.  Have another one closing next Friday.

Aug 16, 2023 06:00 AM
Rainmaker
1,013,359
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Commercial, cash (financing has always been higher interest and shorter term). Residential, about 50-50 cash and financed  . . . sellers like all cash and no contributions! 

We've had, for many years, folks from the west coast states cashing out their equity and moving east. 

 

Aug 16, 2023 04:58 AM
Rainmaker
2,201,921
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Over half of the sales are cold hard cash. To win the multiple offer big above and beyond, you have to bring cash. Or fold, pull out of the real estate round and round. Wait for small rural low priced market with too little inventory to simmer and cool off Frank Rubi .

cash is king in real estate deals

Aug 16, 2023 04:19 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I gravitate toward strong buyers, never pays to deal with people who are trying to spend beyond their means.

Aug 15, 2023 08:08 PM
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Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Yesterday's ZOOM conversation prompted me to do a little research on my Charlotte area and the data shows that 36.9% of our homebuyers paid in cash this year.

That is actually 1.1% LESS year-over-year for us! No, not significant but, I find it interesting that even when rates were 3-5%, buyers were paying all-cash.

Aug 16, 2023 09:49 AM
Rainmaker
2,750,365
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

They are out there AND they are serious too

Aug 16, 2023 09:18 AM
Rainer
311,664
Adam Feinberg
Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse Advisor

In Manhattan about 65% of condo purchases are all cash, and around 58% of all co-op purchasers are all cash. Townhouses (includes 1 to 4 family homes) aren't tracked because they only represent about 2% of the sales market here.

Aug 16, 2023 08:15 PM
Rainmaker
897,538
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I've been talking with a buyer that's moving from here to Daniels Island SC. He decided to pay cash for a condo there.  Another buyer is paying cash for a lot. Other buyers are sticking with getting a mortgage.

Aug 16, 2023 10:48 AM
Rainmaker
885,627
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Lots of cash buyers. Older couples sold their McMansions for a lot of mulah and can afford to buy with cash, ignoring interest rates and inspections. Younger couples have a hard time competing with that. 

Aug 16, 2023 08:26 AM
Rainmaker
227,264
KAREN SANCHEZ
Reputable Realty - Apple Valley, CA
...Marketing your home like no one else will.

1/3 FHA/VA, 1/3 conventional, 1/3 cash.

Aug 17, 2023 08:58 AM
Rainmaker
633,662
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 602.710.8161 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

About 40% of transactions are cash in my market.

I just calculated the cash transactions in 3 cities for the period Aug 1- Aug 16, 2023.

In Tempe approx. 40% are cash transactions, out of 44 closed sales, 17 were cash; in Paradise valley, out of 13 closed transactions, 5 were cash; in Scottsdale, out of 243 closed transactions, 93 were cash.

In additions, quite a few are closing over asking price.

Aug 16, 2023 08:33 PM
Rainer
357,960
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

We've always have about 35% cash buyers (in my years in real estate) in my second home market

Aug 16, 2023 10:53 AM
Rainmaker
670,879
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

It is amazing how many people are buying million dollar plus properties with cash. 

Aug 16, 2023 10:25 AM
Rainmaker
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Elyse Berman, PA
LoKation Real Estate - Boca Raton, FL
Boca Raton FL (561) 716-7824

We have lots of cash buyers here.  I don't where it's all coming from, but it's coming.  We've always had the 55+ buyers who have sold homes and come down, but now we have younger ones with cash in 1-2M+ homes.

Aug 19, 2023 06:43 PM
Rainmaker
740,754
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

It seems as thought the percentage of all cash buyers never changes.

Aug 17, 2023 10:30 AM
Rainer
405,356
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I was seeing a bunch in 2020/2021. Just wrote one for an agent in the office today. I think they are out there, just some agents have the luxury of dealing with more than others. 

Aug 16, 2023 06:28 PM