Archive for October, 2011

Cash is King, but is it always necessary?

Cash is King, but is it always necessary?

In 2010 more than 50% of all real estate transactions were purchased with cash. This statistic has continued throughout the first three quarters of 2011. There are many reasons why a homeowner would decide to purchase with cash. With foreclosures at an all time high, cash transactions make sense because most foreclosed homes that have been abandoned are also in need of some repair. As a matter of fact, certain banks may require that a foreclosed home must be purchased ...

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