Until recently, most home buyers thought financing was the only way to afford Philadelphia homes for sale. However, when the risk of a volatile housing market came to light, cash upfront suddenly seemed like the safer bet. In a recent report, the number of all-cash real estate deals has gone up to nearly half of all real estate transactions made for 2013. As of July 2013, real estate data firm RealtyTrac reported a five-percent increase in all-cash deals compared to 35 percent last month and 31 percent July 2012.
http://joannedavidow.com/index.php/blog/28-buying-philadelphia-homes-for-sale-without-financing-the-bottom-line
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