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