Question 1

Are cash offers negotiable?

Accepted Answer

Yes! If you have competing bids for your home, share them with the buyer to see if they can adjust their offer. And if you’re still not happy with the cash offer, you're welcome to go with another bid or list on the traditional market instead.

Question 2

How do I know a cash offer is a good offer?

Accepted Answer

If you’re attempting to negotiate a higher offer, always ask the buyer to show and explain their math first. A good offer starts with your home's market value after repairs and leaves the buyer a reasonable margin for their profit. You can always check with another cash buyer if you want to gauge a fair offer. If a buyer won't explain their numbers to you, or pressures you to accept before you've compared other options, walk away.

Question 3

Do I need to clean out the house or make repairs?

Accepted Answer

No, direct cash buyers purchase properties exactly as they are. You can take what you want and leave unwanted furniture, trash, or broken items behind.

Question 4

Do cash home buyers pay closing costs?

Accepted Answer

Yes, legitimate cash home buyers cover 100% of escrow, title, and transfer fees. The number you agree on is the net amount you walk away with.

Question 5

How fast can local cash home buyers close?

Accepted Answer

Because there are no mortgage approvals or bank appraisals required, most direct sales close through escrow in 7 to 10 days. You can also choose a later closing date if you need more time to move.

Question 6

Why do cash buyers pay less than market value?

Accepted Answer

The discount covers the repairs, holding costs, resale commissions, and risk the buyer takes on when they purchase as-is. In return, you skip every one of those costs yourself, plus the months of waiting. Compare your net proceeds from both paths, not the gross prices. And don't forget the stress: depending on the house's condition, chasing top dollar through months of repairs and showings can take a real toll on your well-being.

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