Florida Home Sales show over Half were Cash

In a new report of home sales in the state of Florida show that over 50% were cash sales and the highest in the nation.  According to Corelogic an Irvine, CA based financial data company that tracks nation wide home sales. Second-place was Alabama at 48% of their homes being cash transactions.

The report shows the following of large U.S. cities: Cape Coral-Fort Meyers was first with 61.2%, then followed by: West Palm Beach-Boca Raton at 60.6%, then Sarasota-Bradenton with 59.8%, then Miami-Miami Beach with 58.7% and then Fort Lauderdale-Oakland Park-Pompano Beach with 58.5% with cash sales.

Other states that followed Florida and Alabama were: New York 44.6%, Kentucky 40.1% and Nevada with 40%. Nationally the average was 33% and the Washington, D.C. area was the lowest with 15.6%.

This report does seem to highlight the importance of non-cash sale buyers to really make sure their agent has done good comps to ensure they don’t go in with a low offer as these cash buyers will surely have the edge with home sellers.

 

About the Author:

Keith Hasting
Keith has extensive advertising and internet marketing expertise and is a Project Manager at Times Ten Creative, a premiere Fort Lauderdale marketing and advertising agency. This experience makes Keith an excellent choice if you are looking for an agent who knows how to market your property and bring potential buyers through the internet. Clearly, once Keith list your property, he goes well beyond the typical realtor and knows how to market it to sell. As an original Midwesterner, Keith specializes in helping clients who want to relocate from colder climates or simply want to purchase a tropical winter retreat. He is happy to take the time and effort to walk buyers through this process with comfort and ease. In Keith’s free time he enjoys cycling, running, kayaking, traveling, architecture and Florida’s beaches. Keith currently lives in Oakland Park and is excited of the many new things happening in his city.

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