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2,657,218
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?
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Steffy Hristova
Tempe, AZ
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Carol Williams
Wenatchee, WA
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Buzz Mackintosh
Frederick, MD
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Brenda Mayette
Glenville, NY
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Candice A. Donofrio
Fort Mohave, AZ
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Nina Hollander, Broker
Charlotte, NC
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Brian England
Gilbert, AZ
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John Juarez
Fremont, CA
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Kris Collis, Associate...
East Stroudsburg, PA
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Georgie Hunter R(S) 58089
Haiku, HI
1,066,497
We have always had a lot of cash buyers here and doubt it will change.
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Steffy Hristova
Tempe, AZ
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Carol Williams
Wenatchee, WA
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Buzz Mackintosh
Frederick, MD
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Joan Cox
Denver, CO
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Nina Hollander, Broker
Charlotte, NC
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Brian England
Gilbert, AZ
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John Juarez
Fremont, CA
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Fred Griffin Florida R...
Tallahassee, FL
1,217,269
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.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Buzz Mackintosh
Frederick, MD
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Joan Cox
Denver, CO
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Carla Freund
Raleigh, NC
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Nina Hollander, Broker
Charlotte, NC
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Brian England
Gilbert, AZ
1,726,495
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.
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Carol Williams
Wenatchee, WA
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Buzz Mackintosh
Frederick, MD
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Nina Hollander, Broker
Charlotte, NC
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Brian England
Gilbert, AZ
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John Juarez
Fremont, CA
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Kris Collis, Associate...
East Stroudsburg, PA
1,468,807
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.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Thomas J. Nelson, REAL...
La Jolla, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Carol Williams
Wenatchee, WA
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Joan Cox
Denver, CO
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Nina Hollander, Broker
Charlotte, NC
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Brian England
Gilbert, AZ
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John Juarez
Fremont, CA
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Fred Griffin Florida R...
Tallahassee, FL
4,943,596
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.
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Carol Williams
Wenatchee, WA
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Brenda Mayette
Glenville, NY
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Nina Hollander, Broker
Charlotte, NC
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Brian England
Gilbert, AZ
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John Juarez
Fremont, CA
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Kris Collis, Associate...
East Stroudsburg, PA
3,276,659
My market(s) have always had a lot of cash buyers. Those offers do not always win out, however.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Carol Williams
Wenatchee, WA
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Buzz Mackintosh
Frederick, MD
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Nina Hollander, Broker
Charlotte, NC
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John Juarez
Fremont, CA
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Kathleen Daniels, Prob...
San Jose, CA
1,463,267
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.
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Steffy Hristova
Tempe, AZ
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Buzz Mackintosh
Frederick, MD
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Joan Cox
Denver, CO
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Candice A. Donofrio
Fort Mohave, AZ
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Thomas J. Nelson, REAL...
La Jolla, CA
4,966,096
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.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Carol Williams
Wenatchee, WA
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Buzz Mackintosh
Frederick, MD
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Joan Cox
Denver, CO
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Brenda Mayette
Glenville, NY
4,468,826
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.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Carol Williams
Wenatchee, WA
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Candice A. Donofrio
Fort Mohave, AZ
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Nina Hollander, Broker
Charlotte, NC
604,430
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.
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Steffy Hristova
Tempe, AZ
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Joan Cox
Denver, CO
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Carol Williams
Wenatchee, WA
870,707
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.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Carol Williams
Wenatchee, WA
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Brenda Mayette
Glenville, NY
5,012,742
Have not seen an increase, but in some areas cash buyers can be a problem for those in need of financing entering the market.
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Carol Williams
Wenatchee, WA
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Nina Hollander, Broker
Charlotte, NC
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Brian England
Gilbert, AZ
835,649
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).
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Carol Williams
Wenatchee, WA
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Buzz Mackintosh
Frederick, MD
5,780,350
I was just noticing that yesterday also. I have 70% of my transactions this year are cash. Have another one closing next Friday.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Thomas J. Nelson, REAL...
La Jolla, CA
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Carol Williams
Wenatchee, WA
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Buzz Mackintosh
Frederick, MD
1,013,359
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.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Carol Williams
Wenatchee, WA
2,201,921
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 .
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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Carol Williams
Wenatchee, WA
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Buzz Mackintosh
Frederick, MD
6,181,016
I gravitate toward strong buyers, never pays to deal with people who are trying to spend beyond their means.
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Debe Maxwell, CRS
Charlotte, NC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Thomas J. Nelson, REAL...
La Jolla, CA
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John Juarez
Fremont, CA
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Kris Collis, Associate...
East Stroudsburg, PA
4,997,605
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.
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Buzz Mackintosh
Frederick, MD
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Joan Cox
Denver, CO
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Diana Zaccaro Broker A...
Cocoa Beach, FL
2,750,365
They are out there AND they are serious too
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
311,664
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.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Steffy Hristova
Tempe, AZ
897,538
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.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Steffy Hristova
Tempe, AZ
885,627
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.
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
227,264
633,662
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.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
357,960
We've always have about 35% cash buyers (in my years in real estate) in my second home market
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Steffy Hristova
Tempe, AZ
670,879
It is amazing how many people are buying million dollar plus properties with cash.
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Steffy Hristova
Tempe, AZ
1,014,212
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.
740,754
405,356
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.