Cash or financing? Tampabay Pinellas County Real Estate Market Update

Everywhere I go I get questions about the real estate market here in Tampbay Pinellas County.

One thing that buyers and sellers are interested in is the mortgage situation.

"I heard it is very difficult to get loans these days." (no, it is not)

" How much longer does it take nowadays to get a mortgage? (still about 30 days)

" Do you really have to have 30% down?" (no, some great programs available)

The only thing I can tell you that I have not lost one single deal because buyers could not get financing.

But then again, look at the market graph.
We had 61$ cash buyers in Tampabay Pinellas County and only 22% conventional mortgages, 12% FHA, 3% VA and 2% others.
In all my years of working as a Realtor in Tampabay Pinellas county I have NEVER seen this amount of cash !

Cash or financing? Tampabay Pinellas County Real Estate Market Update