tt00
Team Owner
Which makes me even more sense that these are not southerners in reside in ATL area that are making the bulk of these Real estate cash purchases of 200k and up . Most likely it is going to be investors or folks with Real estate in Higher COL area that cashed out and using that cash to buy in full.Let me add that my friend is a realtor here and she said the market has been rough for resales in Atl as people are buying homes in cash which makes it hard on those who get home loans as their offer isn’t competitive enough
I wonder also wonder if there are any international buyers as remote deals can still take place . I know during that last recession alot of blacks were complaining about renting from foreigners that scooped up alot of them foreclosures in the SW part of ATL.
Yeah cash deals will get first dibs on a home more quicker than a person trying to get it through a mortgage when offers come to the table for the seller. 1.) Process is more shorter within days for seller and buyer 2.) Seller dont have to worry about fixing anything as cash buyer will take it as is but when you get a mortgage through the bank they will not depending on what the issue is and force the seller to fix it before close 3.) No realtor fees for cash deals