Cash Buyers: Top 10 States For Real Estate Cash Buyers

Cash Buyers: Crush it With Cash in Today’s Market

As interest rates climb steadily, so do the number of real estate cash purchases that are taking place. In addition to rising interest rates, big investment opportunities are ripe for the picking in some markets and thus have become a significant contributing factor, as well. Finally, given their propensity to pay for real estate purchases with cash, in whole, and up front, institutional investing has also been a huge contributing factor in these trending cash buy occurrences.

Up a whopping 31% year over year from 2012, traditional financing accounted for only a little over 60% of new home purchases in July.

The rest are all real estate sales to cash buyers.

Among the states that had the highest incidences of cash real estate purchases, those that were hit the hardest by the housing crises have risen to the top. Likewise, most of the states in the cash buyer category had the highest peaks of institutional buying.

In a recent interview with 24/7 Wall St., RealtyTrac CEO Daren Blomquist said, “By nature, with distressed sales, besides the fact that it’s low-priced, when you buy a foreclosure property at the public foreclosure auction, in most states, you do have to pay cash there. No matter what the price, you do have to pay cash,”

This is all great news for real estate investors and those who are smart will keep their eye on the top ten states for cash sales, as reported by RealtyTrac:

  1. Florida
    Cash sales: 65.8%
    Median list price: $159,900
    Institutional sales: 14.4%
  2. Nevada
    Cash sales: 64.4%
    Median list price: $185,000
    institutional sales: 15.6%
  3. Maine
    Pct. cash sales: 59.5%
    Median list price: $209,950
    institutional sales: 3.3%
  4. Michigan
    Cash sales: 53.1%
    Median list price: $129,900
    Pct. institutional sales: 10.5%
  5. South Carolina
    Cash sales: 49.9%
    Median list price: $164,039
    institutional sales: 13.7%
  6. Georgia
    Cash sales: 49.5%
    Median list price: $169,500
    institutional sales: 22.2%
  7. Arizona
    Cash sales: 47.8%
    Median list price: $192,500
    institutional sales: 14.6%
  8. Ohio
    Cash sales: 47.0%
    Median list price: $118,900 (the lowest)
    institutional sales: 7.0%
  9. New Jersey
    Cash sales: 45.0%
    Median list price: $279,900
    institutional sales: 3.1%
  10. Hawaii
    Pct. cash sales: 44.3%
    Median list price: $429,900
    institutional sales: 2.3%


Nevertheless, the bottom line is, to get in on these cash deals that are taking place, you have to think differently than you have in the past; you have to start working your deals backwards.

When you take advantage of find cash buyers now, this amazing step by step system will help put you directly in touch with the cash buyers who are looking for you and the deals you have to offer them.

The time is now.

Click on this link to find out how to

Find Cash Buyers Now.

About Kent Clothier

Kent Clothier is President and CEO of Real Estate Worldwide (REWW), a highly sought-after speaker, the owner of three multi-million dollar a year Internet marketed brands, and proud husband and father. Kent is motivated by his love of family and freedom, creating products that enable people to live their lives the way they choose.

2 comments add yours

  1. This article is golden! But how do we find out what zip codes are hot? We got the states, now what cities?

  2. Wow, thats exactly what I’m looking for. Cash buyers that’s what I need. Thank you for the information provided.

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