By admin1
How much are Spokane cash home buyers willing to pay?
Cash home buyers typically pay below market value for properties, offering sellers speed and convenience in exchange for a lower price. This is often guided by the 70% rule, where house flippers pay up to 70% of a home’s after-repair value, minus repair costs, ensuring their profit.
Spokane’s housing market can influence these offers. When the market is competitive, cash offers might be closer to market value due to high demand. Conversely, when the market slows down, cash offers tend to be lower than market value.
The Spokane housing market shows mixed trends. Sales are currently up 6% compared to September 2024. However, the median sales price has decreased by 2.4% year-over-year, reaching $414,998. Inventory has surged by 29.4%, and new listings are up 9.3%.
