The 💵 Cash Comeback
In the chess game of real estate, cash may have the crown, but financing holds the key to strategic moves. The combination of interest rates, home prices, and low inventory led to the perfect cash-buyer climate.
As of January 2024, cash buyers made up 32% of home sales. The last time the share of all cash buyers was this high was in June of 2014!
As a current homeowner, this may be
Your Time to Sell!
The likelihood of you getting a cash offer, is a good one. Cash offers are attractive to home sellers because they provide certainty of closing, faster transactions, and a simplified process. Explore the data by your metro area HERE.
Wait 🛑 a Minute
I am not a buyer with enough money to buy all cash!
Here are 3 ways a Realtor® will help make your financed offer more attractive to sellers:
01.
Offer a Competitive Price 💰⬆️
Research recent sales of comparable homes in the area to understand the market value. A strong offer price demonstrates your seriousness as a buyer and increases the likelihood of the seller accepting your offer.
02.
Flexible Closing Time ⏰
Offering a flexible closing date that accommodates the seller’s needs can make your offer stand out.
03.
Include a Pre-Approval Letter 📄
This letter from a mortgage lender shows the seller that you are a serious and financially qualified buyer. Including a pre-approval letter with your offer adds credibility and confidence, making your offer more attractive to sellers.
