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More home buyers
are bringing all-cash
offers to the table

Washington Post, by Dina ElBoghdady

Original Article

Posted By:Dreadnought, 5/26/2014 10:18:19 PM

A growing number of home buyers are bringing an unusual tactic to the negotiating table: an all-cash offer. Cash purchases traditionally make up about a quarter of home sales, but they’ve soared to about 40 percent nationwide, according to the research firm CoreLogic. And more of these buyers are individuals, not the institutional investors who plunged into the housing market when it collapsed then pulled back when home prices rose. Wealthy people, foreigners and retirees are transforming markets across the United States with these all-cash deals, helping make up for an alarming shortage of first-time buyers who are struggling to

      


Post Reply  

Reply 1 - Posted by: NorthernDog, 5/26/2014 10:55:24 PM     (No. 9862863)

Cash is King. But I would hate to sink that much cash into housing. It can´t be retrieved quickly if ´something´ happens.

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Reply 2 - Posted by: zephyrgirl, 5/27/2014 11:05:49 AM     (No. 9863276)

#1 - You can always borrow against your home equity in an emergency. That´s what home equity lines of credit are for. Get one approved before you need it. I had one against my condo, and never needed it. Closed it out when I sold the (paid for) condo and paid cash for a new house. Easiest home purchase I ever made. My biggest expense is property taxes.

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The Obama administration claimed Sunday that illegal immigrants flooding across the border from Central America are not dangerous, despite numerous reports of gangsters and criminals being apprehended at the border. On ABC´s This Week, U.S. Customs and Border Protection Commissioner Gil Kerlikowske said of the nearly 50,000 illegal immigrants who have crossed the border since October of last year, "these are family members." "These are not gang members," he said. "These are not dangerous individuals." At a House Homeland Security Committee Field Hearing on the border crisis on Thursday in McAllen, Texas, Texas Governor Rick Perry said that gangsters and terrorists are looking

   

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