“Cash is King” when buying real estate.

Most homebuyers who are in the market to buy will benefit from low mortgage rates as well as home prices that have come down significantly from the 2006 highs. In recent months however there is a culprit that is starting to spoil this “perfect storm” for homebuyers. The culprit is the cash buyer. According to this Moneywatch article, more and more sellers are willing to sell for less to this group of buyers due to the fact that it is a certainty that the deal will close. Read more

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