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John McClintock Team

More Buyers Paying Cash to Win Bidding Wars

Cash is often king. Buyers who can make an all‑cash offer on a home can stand out when competition is tight. Cash purchases tend to pose less risk that a deal will fall through from a low appraisal, have fewer financing hang-ups, and tend to make for faster transactions.

All‑cash deals comprised 20% of sales over the first two months of this year, up about 5% compared to a year ago, according to a new analysis from®. The majority of cash purchases tend to be investors, people looking for second homes, or international purchases. Also, older buyers are more likely to pay cash since they can often use the money from selling their previous residence, according to®’s analysis.

“If you have to compete with other potential buyers, an all‑cash offer puts you in a more competitive spot,” says Danielle Hale, chief economist at®. It “can make you a more attractive buyer.”

Source: National Association of Realtors, Realtor Magazine

Are you active in the market looking for a Greater Philadelphia home to buy or sell? More than ever, you need expert, professional representation. Before you list your home for sale, call The John McClintock Team at 267‑759‑9518 for no obligation recommendations on dealing with bids, realistic prices and precise timing.

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Information is deemed reliable but not guaranteed.