Competing With Cash Buyers in a Tight Housing Market  In areas
dominated by cash buyers, homebuyers who plan to get a mortgage
need to go the extra mile  July 29, 2013 RSS Feed Print  As the
housing recovery continues in many parts of the country and
mortgage rates inch upward, homebuyers are seeing their window
of opportunity narrowing if they want to snag a deal.   Some of
these cash buyers are baby boomers who've managed to build up
equity through previous real estate purchases. Others are
investors, many of them flush with money from China and other
ventures overseas. Riccardo Ravasini of Rava Realty, who handles
properties in Florida and New York, says Manhattan in particular
sees a lot of cash buyers, since it's a "special market that
appeals to the entire world."  [See: A Step-by-Step Guide to
Homebuying in This Tricky Market.]  Some sellers like all-cash
offers because they remove some of the barriers in mortgage
financing, allowing the deal to close more quickly. Still, cash
transactions don't always