So far in 2011, nearly HALF of Toledo area real estate transactions were CASH
In January 2011, nearly 46 percent of all Toledo area transactions were CASH, that’s according to John English at Birch Tree Title and NORIS MLS. That’s the highest percentage of cash sales in the past 5 years. It’s a reflection of our hard-hit market and banks not loaning money like they used to a few years ago.
February 8, 2011 The Wall Street Journal reported “Buyers in markets around the U.S. are snapping up homes in all-cash deals, betting that prices are at or near bottom and breathing life into some of the nation’s most battered housing markets. Nationally, 28% of sales were all-cash transactions last year, according to the National Association of Realtors. The rate was 14% in October 2008, when NAR began tracking it.” The article continues… “The harder a market has been hit, the higher the percentage of cash deals. Some cash purchases reflect a tight lending environment, where even people with good credit and ample down payments are sometimes turned away from conventional borrowing. The rates are great but the underwriting is brutal.”
As an agent who works with many buyers, most of whom are creditworthy, I’ve seen this.
Browse Listings
Recently Sold
![Featured image for “SOLD IN 2 WEEKS! 4229 Glendale Avenue, Toledo, OH 43614”](https://jodyzinkrealtor.com/wp-content/uploads/2024/07/IMG_0081-scaled.jpg)
SOLD IN 2 WEEKS! 4229 Glendale Avenue, Toledo, OH 43614
![Featured image for “SOLD ABOVE LIST PRICE! 3744 Elmhurst Road, Toledo, OH 43613”](https://jodyzinkrealtor.com/wp-content/uploads/2024/06/Elmhurst-Web-scaled.jpeg)
SOLD ABOVE LIST PRICE! 3744 Elmhurst Road, Toledo, OH 43613
![Featured image for “SOLD – ABOVE LIST PRICE! 445 West 5th Street, Perrysburg OH 43551”](https://jodyzinkrealtor.com/wp-content/uploads/2024/06/8-D83A1571-HDR-scaled.jpeg)
SOLD – ABOVE LIST PRICE! 445 West 5th Street, Perrysburg OH 43551
![Featured image for “SOLD $50K ABOVE LIST PRICE – 1915 Eileen, Toledo, OH 43615”](https://jodyzinkrealtor.com/wp-content/uploads/2024/06/10-D83A2458-HDR-copy-scaled.jpeg)
SOLD $50K ABOVE LIST PRICE – 1915 Eileen, Toledo, OH 43615
![Featured image for “SOLD ABOVE LIST PRICE! 3641 Greenlawn, Toledo OH 43614”](https://jodyzinkrealtor.com/wp-content/uploads/2024/05/GREENLAWN-EXGTERIOR-scaled.jpeg)
SOLD ABOVE LIST PRICE! 3641 Greenlawn, Toledo OH 43614
![Featured image for “SOLD! 1792 Kettle Run, Perrysburg Ohio 43551”](https://jodyzinkrealtor.com/wp-content/uploads/2024/05/KETTLE-RUN-EXTERIOR-scaled.jpeg)
SOLD! 1792 Kettle Run, Perrysburg Ohio 43551
![Featured image for “SOLD ABOVE LIST PRICE! 7416 Country Trail, Holland, OH 43528”](https://jodyzinkrealtor.com/wp-content/uploads/2024/05/COUNTRY-TRAIL-Exterior-scaled.jpeg)
SOLD ABOVE LIST PRICE! 7416 Country Trail, Holland, OH 43528
![Featured image for “SOLD ABOVE LIST PRICE! 2140 Sunset Creek Drive, Toledo, OH 43615”](https://jodyzinkrealtor.com/wp-content/uploads/2024/05/SUNEST-EXTERIOR-scaled.jpeg)
SOLD ABOVE LIST PRICE! 2140 Sunset Creek Drive, Toledo, OH 43615
![Featured image for “SOLD ABOVE LIST PRICE IN 2 WEEKS! 4806 & 4758 Secor Road, Toledo, OH 43623”](https://jodyzinkrealtor.com/wp-content/uploads/2024/05/SECOR-EXTERIOR-scaled.jpeg)
SOLD ABOVE LIST PRICE IN 2 WEEKS! 4806 & 4758 Secor Road, Toledo, OH 43623
![Featured image for “SOLD OVER 40,000 ABOVE LIST PRICE! 23852 Stony Ridge Road, Perrysburg, OH 43551”](https://jodyzinkrealtor.com/wp-content/uploads/2024/03/5-D83A8968-HDRcrop-scaled.jpeg)