Buyers Cashing in on Market

Many cash deals are from international buyers as many U.S. buyers are still sitting on the fence. Because of the high number of investors we will start seeing prices to start increasing as inventory declines.

Asheville Real Estate is seeing a high percentage of cash buyers and in areas like Waynesville and Maggie Valley second home sales investors are taking advantage of low prices as well.

With affordability at an al time high, the number of investors and international buyers taking advantage of bargains has reached a record number in all-cash purchases and some experts predict that number will only grow higher.
Over 33 % of existing-home sales were made to cash buyers in February and could go to 40% by the end of this year.

But it’s not just investors moving in: Many of these cash deals are also coming from a growing number of international buyers. About 55 percent of international buyers paid cash for their U.S. homes.

 Is it time to move forward before these investors force the prices to go up?