In March 2011 CASH was KING once again in Wellington Florida accounting for 51% of the home buyers. Cash buyers have dominated the Wellington FL real estate market for a very long time now and if you are a Wellington home buyer it is very important to know who your competition is because multiple offers are not a thing of the past.
So what price points are cash buyers purchasing homes in. This might surprise some, but cash buyers are in EVERY single price range and actually dominate all of them except the $250,000 to $350,000 range.
If you are a buyer obtaining a home loan know that you might be against a cash buyer, but if you are a cash buyer be aware that you wont get a 20%. In March 2011 the median List to Sales Price ratio for cash buyers was 94.8%
Wellington FL Real Estate Market Report: March 2011
Wellington FL Short Sale Market Report: April 2011
Originally posted at http://wellingtonhometeam.com/wellington-fl-real-estate-market-report-cash-or-credit/
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