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Cash home purchases on the rise.
March 25, 2010

According to recently released data from the National Association of Realtors,  26% of real estate purchases are now conducted with cash. That figure is up from 18% the previous year.  Investors, flippers and rehabbers with cash are purchasing more homes. Many investors and individuals are using cash instead of financing to avoid interest. There has been an increase of investors returning to the market, after 4 years of falling prices. Now seems to be a great time for the purchase of homes to fix and resell. Builders have not stopped building, they are just changing their strategy. Some builders that have stopped building from the ground up are now buying condos, and single family homes to fix and sell. This strategy seems to be cheaper for them. Paying cash gives buyers a competitive edge on rival offers because they can close faster and are less likely to fall through.

Prices are at record lows. Now is a great time to purchase your first or even an investment property. Join the investors in making money in real estate.

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