Where is all this money coming from? Homebuyers fighting against all-cash offers

Author: Larry Miller

WASHINGTON — The average family on the hunt for a home in the Washington metro learns quickly that time is not on your side and the only language that everyone understands is that of dollar bills. 

“In today’s terms, you need to come correct,” said Justin Noble, Realtor with Sotheby’s international and husband of WUSA 9 Reporter Evan Koslof. 

An increasing number of home buyers are flooding the market with all-cash offers; paying thousands above the asking price and closing contracts much faster than the typical 30 day contract period.    

“Last year, cash offers were insane. About one in every four homes sold in the DC metro area was a cash offer,” explained Noble. Read more at WUSA9.

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