Cash is Still King in Orlando Real Estate
“All cash deal” is one of my favorite phrases to hear regarding Orlando Real estate. Real estate deals that are purchased with all cash actually account for two thirds of all Orlando Florida residential deals closed. Cash deals are usually done by private investors or a group of investors that pool their cash together to buy investment homes to either rent out or flip.
The ”All Cash “ trend started in 2008 and in my opinion was great for the once “troubled” Orlando real estate market. Cash buyers took care of a lot of the inventory causing residential real estate prices to rise.
I have several Orlando Investors that I’ve been working with for several years. They are great to work with because already know what type of Orlando properties they are looking for and we’ve established mutual trust. So much so that they’ve purchased many of our properties site-unseen.
Of course cash buyers make lower offers than retail buyers, but they make up for it in volume. The best part about selling a property to one of my investors… Guess who you think they will call when they are ready to sell it? That’s right, yours Truly.
Cash Deals are Dominating all Spectrums of Orlando Realty
Cash buyers don’t discriminate against high end properties either. Orlando properties from below 100k all the way into the millions are being bought up buy Cash buyers. Educated home buyers are aware that when a you make a cash offer on a property that your offer will draw more attention than an offer for the same amount using traditional financing.
57% of all my Orlando listings closed this year have been all cash. Buyers know that in order to get the best sales price possible cash is the best incentive that you can offer. No one likes to have to wait around for a potential home buyer to go through a long drawn out approval process where at the end of the day may or may not close. Also, lenders have a very strict inspection guidelines which are proven deal killers.
