Cash Home Sales Climbing

Here is more proof that cash buyers are still controlling the market and keeping things afloat.  All cash home sales are on the rise.  Now all we need is for congress and Washington to put the screws to Fannie and Freddie by having them loosen their regulations so more cash buyers and cash investors can buy more properties.  This article talks about how cash home sales is climbing and how we need to stop placing obstacles on qualified home buyers.  Every recession in this country has been lead out of the darkness by the housing market, we need to free things so the private sector can continue to purchase these properties.

Consumers who are cash rich figure they are cashing in for the future purchasing homes and other residential property in cash at the highest rate in decades, taking advantage of depressed real estate prices.

All cash home sales account for 30% of purchase activity in September, up from 29% in August, according to the National Association of Realtors.

The spike in cash home sales has been consistently high for more than a year dating back to September 2010.

But the over-whelming majority of purchasers have actually lost money at least on paper on their real estate purchases since they bought property in the last year as home values decline.

The drop in home values is anticipated to sustain over at least the next 24 months as weak consumer confidence and high unemployment hamper the economy, and the housing market. But all cash home sales from savvy investors will continue to shine a small light on a recovery.

Investors hoping to cash in and make a profit make up the majority of purchases made in cash, buying 19% of all homes sold by real estate brokers in September, according to NAR figures. The rate, however, of investor purchases declined three percent since August, demonstrating real estate buyers are concerned about the direction of home prices slowing down on making decisions to buy property.

As mortgage qualifying becomes harder to obtain, loans for many consumers have become such an obstacle that they decide to pay for property in cash instead if they are fortunate enough to have enough greenbacks. Some investors are pulling cash out of the stock market and other financial investments.

“We need to remove the roadblocks to a housing recovery, not place more obstacles in the way of financially qualified buyers,” said NAR president Ron Phipps. “All year we’ve been discussing the fact that many creditworthy home buyers are being denied mortgages.”

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Leverage Cash Buyers In Your Real Estate Business and Sell More Houses!

More Cash Buyers In Detroit

Okay so you don’t believe yet that cash buyers are flooding the market all across the country.

Your not convinced that you can leverage these cash buyers in your own real estate investing business? Well here is yet another article how cash buyers are propping up markets nationwide. Get your nationwide list of cash buyers today and start cashing in.

Metro Detroit home sales increased for a third straight month along with home prices.

The market seemed to reflect healthy growth, with non-foreclosure sales up 23.3 percent in Metro Detroit, while sales of foreclosed properties dropped 11 percent.

A housing price recovery is being fueled in part by cash buyers — those who don’t require financing to purchase a home, said Timothy Gilson, a real estate agent for RE/MAX Vision in Huntington Woods, in an email.

Cash buyers were responsible for 45.3 percent of all home sales in September, according to Realcomp.

“It is an amazing time to buy or buy up in Michigan,” Gilson said.

But it is difficult to say how long the trend can be sustained because of a glut of foreclosed homes that have been held off of the market, he said.

A Michigan court just kept 400 plus homes from being foreclosed, this may be just a tip of the iceberg of what shadow inventory still may loom out their.  When lenders decide to foreclose again on affected properties or put more of them on the market, the inventory of homes and condominiums available for sale will increase and possibly cause prices to stabilize or drop, Gilson said.

RealtyTrac, an Irvine, Calif., foreclosure tracking company, said last week there are signs that the year-long decline in foreclosures nationwide and in Metro Detroit is about to end, which might depress overall home sales in the future.

In August, RealtyTrac pointed out that many homeowners in Michigan would be vulnerable to a new wave of foreclosures. More than half, or 59 percent, of mortgage holders in the state are underwater or owe more on their mortgage loans than the property is currently worth, the highest rate among all the states.

The bottom line is that as more foreclosures hit the market more and more properties will be sold to investors who are cash buyers.

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Cash Buyers Are Buying Everywhere

We recently cam across an article on how cash buyers are flocking to the real estate market and gobbling up all kinds of real estate deals.

  A lot of these cash buyers are investors around the country and another large segment are overseas investors taking advantage of the US housing Market.  Here is a brief overview of what the article had to say…

Cash buyers are the hot topic in today’s market place. Both the Boston Globe and WBUR recently published on this phenomenon.

Generally, about ten percent of real estate transactions are paid with cash. This year, the average in Massachusetts for the first three quarters is forty percent. It is this change that piqued the interest of both the Boston Globe and WBUR.

Jenifer McKim at the Boston Globe mentions some overlapping categories of cash buyers:

Very rich cash buyers purchasing deeply discounted high end condos. Speculators buying distressed properties at deep discounts to flip or rent. Investors buying rental property near colleges.

Over at WBUR, Curt Nickisch was working on a similar story this week. He also added this statistic to the mix: “I am not sure how to categorize these cash buyers.” Some are downsizers buying retirement properties, some are investors, and some are purchasing kiddie condos. (Parents buying condos for their student-children. This is a hybrid between investing and buying a second family home.)

Are you laying you cash down for real estate this year?

Why are cash buyers in the marketplace now?

Jenifer McKim writes: They are turning to cash for various reasons, including tighter lending guidelines that have made mortgages less attractive, dwindling bank financing for investment properties, and a volatile stock market that has sent people looking for other places to put their money.

If you are lucky enough to have investments, where are you stashing them? Stocks? Bonds? Gold? Mattresses? Inman News posted a story by Truila that public perception continues to favor real estate as a long term investment. 80 percent of homeowners plan to buy another property in the future. 57 percent see real estate as one the best long-term investments.

Cash is definitely king in this real estate market. <<======Get Access To Them

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The top 7 ways to find cash buyers now

It’s not rocket science to realize that you need cash buyers for your real estate business.  It’ the fastest and most effective way to sell real estate deals in today’s market.

The biggest question I hear from most real estate pros is “how do I find cash buyers for real estate”.  We’ll there are a bunch of different ways but one way is far superior then all the others.

Here are some of the ways to that you can find cash buyers for your real estate business.

• Use Bandit signs.   This is still a terrific way to find cash buyers. You put these out on a Friday before the weekend and watch the calls come pouring in.  A good portion of these calls will not only be from motivated sellers but also from cash buyers. Some folks will be tire kickers but some people will be ready to put a do a deal right away.

• Reverse lookup for finding cash buyers. This is the process using the MLS to see what properties in a given area sold for all cash.
• Facebook, Twitter and LinkedIn are three very powerful social media sites and using these platforms is a very creative way to search for cash buyers in your real estate business.  Make sure you don’t rely on this method solely though.
• Craigslist…. This works but its time consuming.  You need to test different ads to see what works.  Utilizing squeeze pages in your ads and posting at the right times is the most effective way to land cash buyers.  I find posting in the evenings gets the best response rate.
• REIA meetings, auctions and other networking events.  This is a tried and true method to find cash buyers.  It’s basic network marketing and a great way to build your cash buyers list.
• Buy a list from a list broker.  Costly and not always that accurate.

So you can spend a bunch of time and energy doing all the above…or you can just use a killer software to do it all the heavy lifting for you.  This is the best approach to search for cash buyers.  This find cash buyers service will literally get all the information for you; including the buyers name, how many properties they’ve bought, address and phone numbers too (if available).   It even has a built in “done for you” mail feature that prints all the letters you are going to send out to these cash buyers, better yet it even mails them for you.

Find out more and start your search for cash buyers today