All-cash transactions in Miami further under microscope

New regulations predicted to minimally impact Miami's residential sales volume
  • More than half of all existing homes sales in Miami are all-cash deals.
  • Buying activity among foreigners and home-flippers is the primary reason for the high volume of cash deals.
  • New disclosure requirements may be extended after August 27.

Earlier this month disclosure requirements pertaining to all-cash residential sales were implemented in only two markets nationally, one of them being Miami-Dade County.

The primary reason Miami was singled-out, more than half of all residential sales in the market are cash sales.