Find Cash Homebuyers in Los Angeles for a Fast, Simple Sale
Looking for reputable cash homebuyers in Los Angeles? Perhaps you need to relocate for a job, or you’re seeking to unload a fixer-upper or fire-damaged property and lack the money for needed repairs. Whatever your situation, a cash sale may provide the speed and efficiency you need.
In this guide, we’ll explain how to find and sell to a Los Angeles area cash homebuyer. Plus, we share expert insights and insider tips from top Los Angeles real estate professionals to help you seal the deal smoothly.
Inside the Los Angeles cash-for-homes market
If you’re looking for a cash homebuyer in Los Angeles, you’re not alone. All-cash home purchases accounted for 23% of transactions in Los Angeles as of February 2024 despite it being one of the most expensive housing markets in the country.
“There are a lot of sellers going the all-cash route rather than waiting on a traditional sale,” says top Los Angeles area real estate agent Matthew Ornelas. “Ninety-nine percent of the time, these homes need to be rehabbed. Everyone wants to be in LA because of the great weather and the value of the region.”
Other factors that play a role in the cash homebuyer scene in Los Angeles include:
Demand for affordable housing sparks investor activity
Out-of-state buyers seek the Southern California lifestyle
Foreign investors and iBuyers see opportunity in Los Angeles
Sellers compete against a surge in new home construction
Aging homes need expensive upgrades (A/C systems, new roofs, etc.)
Wildfires and weather events cause widespread structural damage
Competition from house-flipping companies
Common types of cash buyers in Los Angeles
In the Los Angeles area, there are many different types of cash buyers, including:
Beach rental investors
Urban condo flippers
Mobile-homebuyers
Investors seeking multi-family homes or homes zoned for additional dwelling units
Small or family-owned house-flipping companies targeting fixer-uppers
Developers that buy fire-damaged or condemned homes for the land value
Families buying homes to renovate and live in
However, any home might appeal to a cash buyer, flipper, or investor.
“There are some cash buyers that focus on multiple-family homes, and some that buy mobile homes,” explains Eric Nerhood, owner of Premier Property Buyers in Seal Beach. “You may see some that market — or send out mailers — to certain niches. But the reality is that most cash buyers are open to buying any type of property as long as it makes sense as an investment.”
