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I wanted to share with you an interesting article I found the other day from Realty Trac. This site tracks trends within the real estate market all over the country.
Recently they published an article that reported 42% of homes sold last year were bought with cash offers. That's nationwide. In South Carolina, 50% of the homes sold were with cash offers. As a buyer you might be wondering how this affects you.
If you have the ability to pay with cash, do it. Why?
2. You don't have to jump through hoops to get a loan.
3. You can avoid the tens of thousands of dollars in interest.
4. You can close quicker.
What does this mean if you're a seller? Half of your buyers' pool are cash. That means you can get started sooner and closing is often quicker because you don't have to wait for the lender and their processes.
If you're thinking about buying or selling, give me a call today at 864.527.7685 Let's find out what's best for you and your next real estate move.
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