The Complete Guide to Working with Cash Home Buyers in Arkansas
If you can’t afford to wait a month or more for your listing to go from “active” to “pending,” cash home buyers in Arkansas may offer a faster closing compared to the traditional market. Beyond the advantage of a shorter selling timeline, cash deals come with less risk of the sale falling through and typically involve fewer contingencies.
In this guide, we’ll explain how to find reputable cash home buyers, explore the specifics of the Arkansas market, and offer practical tips to help you achieve a smooth and efficient sale.
Disclaimer: As a friendly reminder, this blog post is meant to be used for educational purposes, not legal or tax advice. HomeLight always encourages you to reach out to your own advisor.
How to find cash home buyers in Arkansas
Looking to sell your home quickly and with fewer hassles? Cash buyers offer a viable solution. Below, we outline several strategies to connect with reliable cash home buyers in Arkansas who may be ready to make a competitive offer on your property.
Work with a reputable local real estate agent
Even if you’re considering a cash sale, partnering with a reputable local real estate agent can be highly beneficial. Agents often have established networks that include cash buyers who may be interested in properties like yours. By working with an agent-recommended cash buyer, you can avoid the time-consuming task of vetting potential buyers yourself.
Additionally, an experienced agent can help negotiate the best possible deal on your behalf. While you will likely be on the hook for real estate commissions, the expense is well worth the guidance and support that an agent provides. If you don’t have an agent yet, HomeLight can connect you with top real estate professionals in your local market.
Focus on investors rather than owner-occupiers
In Arkansas, targeting real estate investors — whether they be corporate buyers or independent house flippers — can be a strategic move. To attract their attention, consider listing your property on investment-focused websites or taking part in real estate investment meet-ups. Additionally, reaching out to “We Buy Houses” companies in Arkansas can yield numerous potential buyers. Keep in mind, however, that many of these companies are operated by house flippers who adhere to the 70% rule. This means they may offer a price that’s 70% of your home’s estimated value after repairs, minus the repair costs.
Do your due diligence
When dealing with cash-for-homes companies, it’s important to verify their credibility. Use resources like the Better Business Bureau (BBB) to confirm the legitimacy of the companies you’re considering. You can also reach out to the state chapter, BBB Serving Arkansas.
Dig into online reviews from sites such as Google, Yelp, Facebook, and Trustpilot. These can provide insights into the company’s reliability and customer satisfaction. Additionally, validate the company’s track record, licensing, and ask for customer referrals to better understand their operation and ethics.
Before signing an offer, ask for proof of funds
Verifying that a cash buyer has the necessary funds on hand is essential. Ask potential buyers for proof of funds, which typically comes in the form of a bank statement or a letter from a financial institution confirming their ability to complete the purchase. If a buyer hesitates or fails to provide this evidence, consider it a major red flag. You want to work with a cash buyer who willingly demonstrates their financial capabilities to avoid complications later in the selling process.
