Cash Buyers at Extremes of Market No, I don’t have any hard data backing me up. But anecdotally, at least, it seems like the two likeliest kinds of houses to be bought for cash these days are: One. Bank-owned foreclosures selling for bargain-basement prices — and in such tough condition no lender would accept them...Read More
Googling (Facebooking? Zillow-ing?) Your Buyer/Seller Financial institutions are subject to something called the “Know Your Customer” rule, to prevent identity theft fraud, money laundering and terrorist financing. I’m starting to think that real estate has something equivalent, called the “Know Your Buyer (or Seller)” rule. By that, I mean that I’m increasingly seeing clients “Google”...Read More
