Florida Realtors is reporting that one in three homebuyers are using cash, which is the highest number in a decade! Fort Lauderdale is the only city in Florida where cash sales have dropped; everywhere else has boomed, including 38.2% of home sales in Tampa and 49% in West Palm Beach.
What does this leap in cash sales mean? Well-off home searchers are more likely to pay cash since the prices of homes continue to rise. Since mortgage rates are higher, paying in cash is looking better in better, enabling new homeowners to avoid paying interest.
Whether you’re looking for a new home or are hoping to sell yours for a handsome price, I can help you! As a realtor with many years of experience in the Tampa area, I can help you find the best price, cash or no.
Let’s find your dream deal!