How to Find Cash Home Buyers in Rochester for a Hassle-Free Home Sale
Rochester homeowners hoping to make a fast sale should consider selling their property to a cash buyer, rather than deal with the stress of the open market. A cash buyer will purchase property considerably faster than the standard real estate market, often in less than a week.
Local and out-of-state investors have shown increased interest in Rochester due to its promising income potential. The area’s cost of living is notably lower than the national average, which is probably why more new residents are choosing to relocate here.
The housing market in Rochester is highly competitive. Homes typically receive an average of 10 offers and can get an offer in around 12 days. (This does not include the time it takes to close a loan on the property or complete the transaction.)
This could be a good time to consider a cash home buyer, especially if a fast is preferred over the bottom line. In this guide, we’ll explain how to find and sell to Rochester cash home buyers, walk you through the cash sales process, give you tips and tricks to consider, and show you what to expect.
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 Rochester
Do you need to sell your home immediately? Cash buyers can be a great option. Here are a few ways to find a cash home buyer in Rochester who may be willing to make a fair offer on your property.
Work with a reputable local real estate agent
One of the biggest benefits of a cash offer is that you can often avoid real estate commissions. However, it might be worth considering a real estate agent regardless.
Any experienced Rochester agent usually has connections to cash buyers and can help speed up the process, taking some of the work out of your hands. Most agents maintain a network of cash buyers—primarily for property that needs to sell quickly that might be tougher to move on the open market,
Consult a Rochester real estate agent to put you in touch with tried-and-tested investors in their network. HomeLight can connect you with a top-performing real estate agent in your area if you don’t already have one in your contacts. It takes less than two minutes to match you with two or three top agents who fit your needs, and the service is 100% free.
Focus on investors rather than owner-occupiers
One surefire way to find a cash buyer is to search online for “We Buy Houses for Cash” companies in Rochester. However, it’s important to keep in mind that house flippers tend to pay around 70% of a home’s market value to turn a profit. This is usually because the transaction is significantly faster than selling your home via the traditional marketplace—days, rather than several weeks or months. Additionally, most We Buy Houses companies will handle the closing costs and paperwork for you on a sale.
Do your due diligence
If you’ve found a cash buyer you’re considering selling your house to, you need to take an extra step to make sure the company is legitimate. While most We Buy Houses companies are trustworthy, unfortunately, scams exist.
Verify the company’s rating with the Better Business Bureau (BBB), assuming they have a profile or are accredited. You can also reach out to your BBB of Upstate New York.
Additionally, consult sites like Google, Yelp, Trustpilot, and Facebook. Research the company or individual’s investment record, check that the buyer is registered with the state, and look for reviews from recent sellers.
Before signing an offer, ask for proof of funds
It’s important to choose a reputable cash buyer with readily available funds. Ask the cash buyer for proof of funds—this could be a bank statement or an official letter from the financial institution showing the account balance. If the investor is unwilling to provide a proof of funds letter, consider it a red flag and go elsewhere.
