Cash is King, No Matter the Market
Feb 21, 2022
As multiple offers have become increasingly common (if not the norm) in markets all over the country, real estate agents and their buyers are becoming all too familiar with the feeling of losing to an all-cash bidder. And if those buyers could have offered cash, they likely would have—and won the bid. According to industry statistics, nearly one in three homes last year were purchased with all cash.
Zavvie research reveals that buyers armed with a cash offer are going under contract nearly seven times faster than financed buyers, making 1.1 offers to win a house compared with every seven for buyers using a mortgage. Cash can save both you and your buyers an incredible amount of time, stress and frustration, not to mention money.