How many buyers do you think paid cash for the homes they purchased in Harrisonburg and Rockingham County over the past year?
As shown above, about 1 in 6 buyers paid cash for homes in Harrisonburg and Rockingham County over the past year, per the HRAR MLS.
These cash buyer might fit into a variety of customer categories...
1. Buyers who have built up equity in their homes over many years and thus are able to pay for that next house with cash rather than with a mortgage.
2. Buyers who are moving from a more expensive home market, who sold a home with some equity, which provided enough cash to purchase a home in the Harrisonburg market with cash.
3. Investor buyers who are paying cash to purchase a rental property.
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