Cash Buyers Have Upper Hand As Mortgage Rates Rise | Inman
Although there is still an inventory shortage, cash buyers can use this time to enjoy a wider selection of homes than buyers who are taking out a loan.
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Although there is still an inventory shortage, cash buyers can use this time to enjoy a wider selection of homes than buyers who are taking out a loan.
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“There is still a huge demand, without question,” said Bonnie Heatzig, executive director of luxury sales at Douglas Elliman in South Florida.
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Cash offers allow buyers to sidestep a lender’s appraisal, advises luxury real estate authority Bonnie Heatzig, making them far more attractive to sellers — especially in markets where houses regularly sell for above estimated market value....
Those challenges included the inability for Heatzig’s mother to communicate with family. Strict visitation policies in the hospitals forced families to say goodbye to their loved ones from a distance.
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