A Lot More Cash Deals Rather than Financing (What's Going On?)

[Tony Tran]

Hi BP,

Since I started investing in my current market (that is, for a couple years now), financing has never been an issue with many Sellers. Not until lately, out of all the offer I made (even though the listings say financing OK), the Sellers want cash! It is weird to see more of an influx of more required cash deals. I know, I know...cash is always KING, but what is going on that I am not seeing? Or is it just an "outlying" that I came about.

The reason why I am bringing this up, is because home prices are steadily increasing, rent is increasing, Obama cutting FHA cost, rates are still low, etc. These factors should steadily push the Buyers into a "financed" market.

What is going on? Has there been a shift in the market that I am not sure about?

My current markets: GA and SC metros

Thank you,

Tony