Cash is King in Venice and Sarasota

Cash sales continue to power Sarasota and Venice FL real estate.  Over 50% of real estate transactions were cash in both cities in the past 90 days:

We've seen a lot of national stories about cash buyers and investors drying up as prices increase, so what's happening in Sarasota and Venice?

Our area attracts affluent home buyers and those buyers are more likely to have cash. The percentage of cash buyers is probably not tied so closely to investors, but to those looking for retirement or seasonal residences.

These buyers understand that a cash offer to purchase, in a multiple offer situation, looks far more attractive to a seller and increases the chances of their offer being accepted.

For more real estate information, please visit www.davidbarrhomes.com orwww.sarasotahomesforsale.us