Where are the buyers with "all cash offers" coming from?

Asked by Blanca Dover, Camarillo, CA Sun May 5, 2013

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4
John Souerbry, Agent, Fairfield, CA
Mon May 6, 2013
90% of the all-cash buyers I come in contact with are "east bound money" - from Communist China, Taiwan or Singapore.
0 votes
Annette Law…, Agent, Palm Harbor, FL
Mon May 6, 2013
There are five typical sources of these 'all cash' buyers.
1. Hedge funds
2. Institutional investors
3. Individual investors
4. Citizens
5. Citizens who can not be financed

As a professional, it is becoming increasingly important to READ these purchase offers and vet proof of funds. The latter is becoming increasing difficult. One may think twice when accepting an 'all cash' offer when the proof of funds letter head shows "Lighting Strikes Twice, LLC"
0 votes
Scott Miller, Agent, Boca Raton, FL
Sun May 5, 2013
Hi Blanca.

These are neighbors, your co-workers, your extended family. These are people that have been saving forever for the right time to buy, so they've made the decision and jumped into the market. Some buyers were recent sellers and had strong equity in their homes when they sold.

Some borrow from family.

Great question, by the way.

Scott Miller
0 votes
Helene Moore, Agent, Henderson, NV
Sun May 5, 2013
Hello Blanca,

Many of my cash buyers are from Canada and California.
some are here in Las Vegas and Arizona.


Helene M Moore
Windermere Prestige Properties
0 votes
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