Are you trying to buy a house and wondering what it would take in this competitive market? Do you have a property to sell and cannot decide how to pick the right buyer?
According to CNN “All-cash offers are king in this hysterical real estate market.”
Since there are currently 21% fewer homes on the market compared to last year and demand still remains high, the one thing that is separating buyers from the pack is all-cash offers.
This may not have been common in the past, but all-cash offers are slowly becoming more common.
In April 25% of all home sales were all-cash offers which is an increase from last year at 15%.
If you are selling, an all-cash offer is attractive because you do not have the risk of the buyer having issues with a loan.
All-cash does not mean the buyer will not do an inspection or have contingencies, but it does still make their offer potentially more attractive.
There are so many different strategies involved with an all-cash buying plan. You can offer all cash to let the seller know the deal will definitely happen, but still get a mortgage or decide how you want to proceed as you go along.
If you are a buyer hoping to entice sellers with an all-cash offer but want to make sure you have the right strategy, or if you are a seller trying to figure out how to pick the right buyer, Amin Vali Real Estate Investment can help you with all of it.