All-cash buyers snapping up homes!

Cash home buyers in markets around the U.S.are getting homes in all-cash deals.
Last month, all-cash buyers accounted for 30% of existing home sales, up from 25% in May 2010, and 12% two years ago, says the National Association of Realtors.

Cash buyers, who are mostly investors, accounted for at least 30% of existing-home sales for the fifth-straight month, the association says. They hit 35% of buyers in March.

The cash buyers are excited for low prices, potential and possibility of rental income. Even though investors activities has helped curb price drops, we won’t see price increase any time soon. 

Cash buyers are more common in areas where prices have fallen the most, and the market has been hit by foreclosures. These buyers often get better deals because sellers know their offers are less likely to fall from escrow because of financing. The presence of apparent bargains and lower rates is luring in newly confident buyers.

Even if you are not a cash buyer but you can get a mortgage today, with these low rates and with these guidelines you should TAKE IT. You will regret missing this awesome and wonderful opportunity.

If you are looking to buy homes in San Diego in areas such as Del Mar Highlands, Torrey Highlands, Del Sur, Penasquitos Bluffs, Soledad La Jolla, Carmel ValleyI can help you with your homeownership as being part of your American Dream.