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Posted by Michael Collins, CDPE, SFR on July 20, 2011 at 9:31am in Sample Title

I was curious how different areas of the country may differ when it comes to cash buyers.

What percentage of your REO listings/closings have been cash buyers vs. financed?

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buyers, cash, reo

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Eric Nguyen September 24, 2011 at 4:22pm

It depends on the locations and price range. You'll see a lot of cash buyers in areas where percentage of homeowners are below 80 or where price range is low.
Annette Whitehead July 20, 2011 at 11:08am

In my experience, cash buyers are making up 80% of the buyers for my listings. I handle North Broward & Palm Beach counties in Florida.
- Michael Collins, CDPE, SFR > Annette Whitehead July 21, 2011 at 1:57am
  
  Wow, that's a significant percentage. My own opinion was that cash buyers were averaging around 60% for REO closings nationwide. Thanks for your input.

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