There are many individuals and entities with sufficient cash on-hand to buy houses for cash in Reno. These range from investors and compaies like 'Cash for Houses' intending to either renovate and resell the property or utilize it as a rental investment, to wealthy individuals who are keen on real estate acquisition in Reno for the long-term. Essentially, anyone with access to adequate funds has the option to buy a house for cash if they deem it suitable. With the current mortgage interest rates, it makes more sense to buy for cash than when rates were lower at 2-4%