Forgoing a mortgage and putting all cash on a property might increase bargaining power – right? Not necessarily, according to RealtyTrac’s Q1 2016 U.S. Cash & Institutional Investor Housing Market Report, which shows cash buyers in San Francisco, San Jose Manhattan, Los Angeles and Naples paying premiums instead of discounts.
- Cash buyers in some markets are paying premium prices for properties.
- This is a sign that the markets are overheated.
EMBRACE. FOCUS. EXECUTE. Build your 2019 roadmap to success with 4,000+ real estate leaders.
Inman Connect New York | January 29 - February 1, 2019