More Cash Real Estate Sales

 According to the National Association of Realtors, nationally, 28% of sales were all-cash transactions in 2010.  This compares to 14% in Ocotber 2008  when the trade group began tracking the method of payment in real estate transactions. This is important because it is another signal of an upturn in the real estate market.  With improvment in the Dow and investor’s portfolios comes confidence in the economy making consumers ready to cash in on bargain real estate prices.  Last year, approximately 40% of my sales in Big Canoe were with cash buyers.  These savy investors with cash or good credit were able to take advantage of lower prices in the North Georgia mountain community of Big Canoe.