Feds Roll Out Money Laundering Rules for All-Cash Home Sales
All-cash purchases of residential real estate are considered at high risk for money laundering. The rule would not require the reporting of sales to individuals.
All-cash purchases of residential real estate are considered at high risk for money laundering. The rule would not require the reporting of sales to individuals.
William Raveis Inc. has launched a new service it says will help buyers compete with all-cash offers in an incredibly tight real estate market.
Cash sales accounted for 33.1 percent of total nationwide home sales in December 2016, down 1.3 percent year over year from December 2015, according to a recent report from CoreLogic.
Cash sales accounted for 33 percent of U.S. home sales in March 2016, down 2.4 percent from March 2015. Cash sales share fell 2.8 percent in March 2016 compared with February 2016.