In February 2009 the number of residential sales in Brevard County Florida was 516. Of these sales, 253 transactions were cash deals in Brevard County. [The average selling price was $143,000 in February (92% of list price).
The remaining transactions consisted of:
- VA loans – 31
- Conventional loans 138
- FHA loans 89
- Owner finance 3
Although most non-investor buyers seek mortgages, cash does find its way to the closing table in quite a few deals in Brevard County, Florida. My experience with 55+ buyers has been many do sell their homes and pay cash when they downsize or retire to Florida.
Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida. Call me at 321-693-3850 or email me if I can assist you in buying or selling a home in Brevard County, Florida.