FRANKLIN COUNTY — At its annual reception last month, Franklin County Industrial Development Corporation gathered together friends and partners from across the region and state to highlight some of its
Part of the “craziness” is the way people are buying homes.
“Right now, we’re seeing a lot of cash offers,” said Carey Baker, the county’s property appraiser.
Some of the movement comes from people who have sold their homes up north, so they are flush with cash.
In May, 28% of closed sales were in cash, according to Florida Realtors in their Lake County statistics.
Last May, 72 people paid cash for a home. This year, it was 184 a 155.6% increase.
“Cash is always king,” Hampton said,
But it s putting the squeeze on some buyers.
“I had one buyer who was interested in seven different houses before finally getting a contract on the eighth by paying $45,000 above the asking price,” Hampton said.
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