The Benn Pacific Blog

Sort by Month: August 2013

Thursday, August 15, 2013

Cash Buyers Overtaking the Market

This from the Wall Street Journal Blog today: WSJ Blog Link: Half of Homes Being Purchased With Cash

This is happening in our backyard as well!  As I look at the properties we have sold in the past year and what is in escrow now, a large portion of them are all-cash transactions.  Who says there is no money out there?  I think it’s just been sitting on the sidelines waiting for the market to settle.  But why not take advantage of these historically low interest rates?  Well, I think they are presenting offers all-cash to beat the competition and will extract the equity later, if needed.

Posted by Trevor Benn on August 15, 2013 at 09:03 AM
Real Estate News • (2) CommentsPermalink
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