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3 Buying Tips for Surviving a Hot Summer Home Sales Market

Aug 31 2015

If you live in California, Texas, or Colorado, you’re in what realtor.com terms a “hot” housing market right now—one where you may use apps to find new listings, stake out open houses, engage in bidding wars, or make an all-cash offer.

According to RealtyTrac, all-cash sales accounted for 37.9 percent of all sales of single-family homes and condos nationwide in the second quarter of 2015. But that percentage can vary widely by market, it seems: “Cash purchases account for nearly half or more of all transactions in cities such as New York, Miami and Los Angeles,” Jonathan Miller of Miller Samuel tells Forbes.com.

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