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If youre shopping for a house, theres a good chance youll compete with all-cash buyers. In January, 44. 4 of U. home buyers paid in cash, according to RealtyTrac, a California-based firm that tracks real estate trends. These are financial institutions scooping up investment properties to rent out or foreigners, most likely Canadian.
International buyers account for about 6 of home sales, but more than half pay cash, in part because they cant get best unsecured personal loans perth. Still other all-cash buyers are people who have accumulated equity or savings.
The proceeds from a home sale combined with savings can be enough to pay cash for that next property. If youre relying on a mortgage to buy a home, try these smart moves to get your purchase offer accepted over an all-cash buyers offer.