We paid cash for our million-dollar home-and many people are
By Heather Paul, Realtor,Top Selling Real Estate Agent
(Expert 1 Realty)
Laura Dominguez-Vasquez and her husband, Luis, recently sold their Coral Gables, Fla., home to all-cash buyers for just under $1 million. They’re now shopping for a new home and intend to pay cash as well. The busy professionals have three kids, aged 14 to 20, and they don’t have the time or inclination to mess around with homebuying. “The process has to be painless,” she said. SEARCH FOR THE BEST HOME DEALS IN YOUR AREA The Vasquezs are not unique; cash buys are becoming common. The number of homes bought with cash jumped to 32% in January compared to 26% a year earlier, according to the National Association of Realtors. In Southern California, about 30% of the sales in January were cash, according to DataQuick Information Systems. Same thing in Denver. In Phoenix and Las Vegas,...
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