Brian Robbins for HouseCashin

Where cash is king: States with the most all-cash home sales

How common are all-cash home sales? The mortgage process hasn’t gotten any faster, but buyers in some markets have, HouseCashin reports.

Some 27% of all real estate transactions are all-cash deals, according to an analysis of ATTOM data by New American Funding. That means when a homeowner is ready to sell, the buyer doesn’t always need a mortgage preapproval , but rather just wire transfer details, an escrow account, and a deed.

Sellers prefer cash deals when they need to get out of their home fast, either for a life-changing event like relocation, or because the property has gotten too costly. In such scenarios, investors can save the day by offering these sellers a lump-sum infusion of ca

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