How Many Cash Transactions In Reno/Sparks?

How many real estate transactions were cash in Reno/Sparks in 2013?

Erin Schiller at Ticor Title provided some insight during her December 2013 market update.

You can view the full report here.  Below is an overview.

• From January 2013 through October 2013, cash transactions were approximately 42% of the resale market in Washoe County.
• October 2013 had around 35%
• November 2013 had around 39%.

Those numbers are a worry to first time home buyers getting loans but a pleasant surprise to sellers not wanting to deal with appraisal issues.

For questions about buying or selling your home in Reno/Sparks contact Ricky Beach at (775) 393-9601 or Ricky@RickyBeach.com