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.
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 have been thinking about selling, now is a great time to make a move.