Have read online about all the cash purchases the last two years, didn't really believe it was such a thing until seeing these stats first hand. I think these links will work for anyone, even though they came from Facebook, but if they don't let me know and I'll attach screenshots

https://scontent-lga3-2.xx.fbcdn.net/v/t39.30808-6/327096339_929516001750461_9018881944859438347_n.jpg?_nc_cat=107&ccb=1-7&_nc_sid=5cd70e&_nc_ohc=zQnAVSrxTZUAX8fe4Kb&_nc_ht=scontent-lga3-2.xx&oh=00_AfBU-_GZfAcel_JGEOZ7kACBiVpYQ-FKPLnO50LrxV29HQ&oe=63D6F45A

https://scontent-lga3-2.xx.fbcdn.net/v/t39.30808-6/326800895_487883356880561_9049404668143204778_n.jpg?_nc_cat=100&ccb=1-7&_nc_sid=5cd70e&nc_ohc=YWVTHDnN1nQAX_05w8&_nc_ht=scontent-lga3-2.xx&oh=00_AfCHkfGL0vbRwMdKgKCQMeNiruuGxi_cTYIj37kzqO_mUQ&oe=63D7F781

https://scontent-lga3-2.xx.fbcdn.net/v/t39.30808-6/327068927_736511734495574_2227398730776026077_n.jpg?_nc_cat=103&ccb=1-7&_nc_sid=5cd70e&_nc_ohc=ozjaOboc19IAX9su2rr&_nc_ht=scontent-lga3-2.xx&oh=00_AfDNcUOAOtkRVgo-T4pNC60_koxClJsYnw1aU9aifGItuA&oe=63D6A15D

Comments

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Seyword t1_j5zkjyg wrote on January 26, 2023 at 5:42 PM

Those must be some of the cheapest counties in Maine? $175K is pocket-change for some people.

MoxManiac t1_j60h8rw wrote on January 26, 2023 at 9:04 PM

I was gonna say, 175k is dirt cheap.

lambaghetti t1_j608u4h wrote on January 26, 2023 at 8:12 PM

They might be a bit more expensive but what else might account for the swapped prevalence of cash vs conventional between counties?

mainlydank OP t1_j610p6b wrote on January 26, 2023 at 11:10 PM

Not sure, I assume most people that are paying cash are selling their previous house and have enough profit from that to pay cash for the next one.

Smitch250 t1_j61gjof wrote on January 27, 2023 at 1:02 AM

Out of state rich peeps are buying tons of houses with cash

smokinLobstah t1_j62v194 wrote on January 27, 2023 at 9:00 AM

Post the other day said that 67% of home purchases were local Mainers. Only 23% out of state...

Smitch250 t1_j62v5dr wrote on January 27, 2023 at 9:02 AM

Lol what??? That is an INSANELY high number of out of state purchases. Our lives are all changing for the worse. Used to be less than 10% out of state.

k_mainer t1_j6109lc wrote on January 26, 2023 at 11:07 PM

The Franklin link didn’t work for me. Can someone assist?

mainlydank OP t1_j613bsk wrote on January 26, 2023 at 11:28 PM

https://i.imgur.com/BnBv4oW.png

k_mainer t1_j61e9ld wrote on January 27, 2023 at 12:45 AM

Thank you! Man! Those realtors cleaned up! (Edit typo)

Yourbubblestink t1_j61ga4i wrote on January 27, 2023 at 1:00 AM

Do mobile homes count as cash transactions?

thequeensgambling t1_j61wjxn wrote on January 27, 2023 at 3:03 AM

Something to consider is a lot of “cash” deals are funded through HELOCs which obscure the definition imo. These HELOC funded “cash” acquisitions are then later refinance into permanent financing. HELOCs coming from preexisting homes, family members properties, etc.