[quote=XBoxBoy][quote=sdrealtor]A $7M house in Encinitas just sold the 1st day on market.
Buyer must be trying to get in before rates go up!![/quote]
I realize you’re just poking fun, but wouldn’t most buyers of $7mil properties be paying cash? How often are loans even involved in 4mil+ purchases?[/quote]
Of course they are. lol
Only exception I can think of is sometimes the big brokerages make big loans to clients based upon pledged assets
