The real estate stories are swirling about homes that sold in record time, with multiple bids and all-cash offers.
In this wild housing market, with 21% fewer homes on the market than last year and demand pushing prices to record highs, the competition for a home is fierce. One thing that can put a potential buyer on the top of the heap is an all-cash offer.
An all-cash offer doesn t mean showing up with a suitcase full of cash. But it does mean a buyer has the means to purchase the home without taking out a mortgage.
That may seem impossible to people struggling just to save up for a 20% down payment, but the all-cash offer is becoming increasingly common. In April, 25% of all home sales were all-cash deals, up from 15% a year ago, according to the National Association of Realtors.
San Francisco, CA (PRWEB) May 26, 2021 HomeLight, the real estate technology platform transforming the home buying and selling process for the top real