Quote:
Originally Posted by vintageogauge
65% of new homes and I believe 55% of re-sales are cash buyers. The figures were in the Daily Sun but I could not tell you what date it was published. It was in one of those interesting little tidbits that say things like 6% of the owners are from New York, average age is 67, etc, etc. Also when we purchased our home here in 2017 we asked if there was negotiating room if paying cash and was told pretty much the same thing.
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One major advantage is you can close much faster with an all cash deal.