I tract the monthly sales numbers/trends or market activity locally for Etowah and Cherokee Counties of Alabama and have done so now for over a decade to ACRE (The Center For Real Estate) at the Culverhouse School of Business at the University of Alabama in Tuscalooa (who in turn reports to the national scene) Our MLS computer also does so compiling the same figures, however it's numbers are at times incorrect because we often find in those figures where one of the other offices has forgotten to report something and plug in a sale one of their agent's sold the quarter or year prior to the period we are working with. By including those in the sales figures it appears we had a "boom" in sales that month, when we actually didn't! All of those reports and links are available both on our website: "http://.www.realtyplus-gadsden."
target="_blank" rel="nofollow">http:// http://.www.realtyplus-gadsden.
com" over "Home Values" and at http://acre.cba.ua.edu/
But to go back to your question, ACRE does have us tract or report the type financing which was involved in the sale. Therefore, as having been licensed as a full-time Alabama Real Estate broker since 1985, I have to speak to your question from experience. The Rainbow City area, as is found in almost every area locally or nationally, a cash offer supersedes other offers no matter what type market there is buyer or seller; because:
1. The seller knows there is most likely not an appraisal and
2. The buyer does not have to go through the mortgage qualification process (which has gotten a great deal more difficult and timely due to the housing crises).
In short; CASH TALKS!