[quote=sdrealtor][quote=deadzone][quote=sdrealtor]If the tax records indicate a mailing address different than the physical address it’s not a primary residence. There are a few other ways but i think i can answer whether it’s owner occupied with well over 90% confidence level
Second homes are not investment purchases. They are for enjoying
Do you have a zip code to add?[/quote]
Okay, just curious if that is possible to tell how many cash offers are primary. I don’t care about any particular zip, just in general. I understand that 2nd and 3rd home are not necessarily investment properties, but many times if not most times they are. And either way, those homes will be the quickest to be jettisoned in an economic downturn. Also I understand that there are cases where people pay cash for primary, definitely that is more common recently due to the fact that regular people are having to compete with investors and foreign money interests who are paying cash.
In a normal RE market, which we most definitely have not been in for recent years, I expect people paying cash for primary residence was pretty rare.[/quote]
And you would be wrong. In many parts of the country there are lots of cash purchases albeit lower prices in some of them. Its less common here due to high pries but becoming more common as we become more of a destination for the wealthy that can afford those high prices. Considering 2nd or 3rd homes investors is patently false. They are the accoutrements of wealth[/quote]Exactly! That’s similar to calling anyone with a savings or checking account an investor.
