"National Association of Realtors Chief Economist Lawrence Yun said, “Despite extraordinarily tight credit conditions for purchasing a second home, the market share for vacation and investment homes held steady,” he said. “A sizeable number of buyers made deals with all-cash offerings.”
All-cash purchases have become prevalent in the second-home market in recent years: 59 percent of investment buyers paid cash in 2010, as did 36 percent of vacation-home buyers."
The cash buying scenario is in effect with second home sales in Incline Village. Some buyers are making their purchases with cash to obtain the best price and then later obtaining mortgages at currently still very attractive interest rates.
