All-Cash Home Sales in Alexandria on the Rise
With low inventory and high demand creating fierce competition in markets across the country, in order to successfully purchase a home, buyers are doing everything they can to make their offer more attractive to sellers—including making all-cash offers.
According to the latest REALTORS® Confidence Index Survey from the National Association of REALTORS®, a full 25 percent of offers accepted in April 2021 were all-cash offers—up from just 15 percent in April 2020. And while some of those all-cash offers are investors, many represent buyers purchasing their primary residences. In April, 15 percent of primary residence buyers made an all-cash purchase.
The Takeaway: So, what does that mean for you? Such a high percentage of all-cash offers is just another indicator of what buyers are willing to do to land their dream home—so if you’ve been thinking about selling, now is a great time to make a move.
Kristen Jones McEnearney Associates Realtor®
Alexandria, VA 703-851-2556
Work with a TRUSTED & EXPERIENCED annual award-winning Realtor in Alexandria, VA. Kristen Jones has been an Alexandria resident for over 20 years and is Top Agent 2019, 2020 & 2021 by The Washingtonian, Best Real Estate Agent by Northern VA Magazine 2019, 2020 & 2021.