Cash Home Buyers: New Services Offer Help Making All-Cash Offer
If you’re buying a home in a competitive market—like this one—making a cash offer gives you a major advantage. Home buyers who made an all-cash offer in 2021 were four times more likely to win a bidding war, according to a recent report by Redfin, the real estate brokerage.
Buyers have gotten the message. Amid intense competition due to super-low inventories of homes for sale, the number of all-cash offers has grown. In December 2021, nearly one-fourth of existing home sales involved an all-cash offer, according to data from the National Association of Realtors. In some states, including Florida, cash offers account for about half of the homes sold. All-cash sales have also become common in Arizona, Nevada and West Virginia, according to Realtor.com.
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