Cash is King
Jan 22nd, 2009 by Kevin
In 2009 if you have the cash you will find some amazing deals, and likely some quick and painless negotiations and closings. This article from NuWire talks about the power of cash buying in the domestic market, however the same is also very true in other areas also being affected by the economic downturn. Foreign investors are selling property off at firesale prices to liquidate and generate cash flow for themselves. Further, if you take Nicaragua for example - what you can get for your money is much greater. For what you could get with a cash down payment domestically, may allow you to buy an entire property or a large chunk of land to bank for when the market turns around, which of course it will.
