Yes People are paying Cash for Homes

The good news about the economy is now more and more people are paying cash for their homes. Yes I mean cash! More and more buyers are walking away from the closing table moving into a home wihout ever having to pay a mortage.

In Atlanta homes that are selling for 100K or under tend to have a least half of the deals on the table from cash buyers. This makes the market very competetive for everyone. Typically cash buyers have an advantage. They can close quickly in less than two weeks and the buyers do not have the hassles of dealing with an underwriting department.

Cash is King. In Atlanta

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Thinking about buying a house in the hood!