Last week we were taking offers on a short sale of a triplex in Richmond. The amazing point was not really that there were 19 offers after 1 week or that it sold for way above what it listed for but that almost 2/3 of all the listings were coming from CASH buyers.
Needless to say we accepted the cash offer.
I really want to commend those buyers with cash! It is not an easy feat to amasse cash to the tune of hundreds of thousands of dollars. That saving style is a successful action.