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Old 01-23-2009, 10:38 PM   #35
BigLake
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Join Date: Feb 2005
Location: Andover, Ma /Kona Point
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Default Financing High Priced Lake Homes

Quote:
Originally Posted by tis View Post
You know nvmbr9, I would have agreed with you that most people pay cash for their high end houses. However, I was discussing that very subject with a realtor about a year ago and he told me that it is not true, that most people DO finance them. Maybe there are other realtors on here who would disagree with that, and I think it would be interesting to hear from them.
I am with you though. We have a high end house and I would hate to have a mortgage on it.
I am a Buyers Broker, my experience on the Lake is the higher the price of the home the more likely that it is a CASH transaction
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