How to Find Cash Home Buyers in San Diego for a Hassle-Free Home Sale
If you’re a San Diego homeowner who needs to sell your home immediately, you might want to find a cash buyer. San Diego’s real estate market is a great place to sell your house for cash, as it often attracts local and out-of-state investors willing and able to purchase properties for cash.
Though the San Diego housing market is competitive, cash home buyers are a great alternative to the traditional real estate market. In this guide, we’ll walk you through how to find and sell to cash home buyers in San Diego, giving you some tips and tricks to help sell your home in a matter of days.
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 San Diego
If you need to sell your San Diego home quickly, cash buyers can be a great option. Here are a few ways to find trusted cash home buyers in San Diego who may be willing to make a fair offer on your property.
Work with a reputable local real estate agent
Working with a real estate agent is usually a good idea, even if you’re hoping for a cash home sale. Agents often have connections to cash buyers who may be interested in buying your home. By working with an agent, you can save the hassle of researching and vetting a long list of cash buyers in your area.
Additionally, a real estate agent can help you manage the negotiation process, helping you get the best possible deal. If you don’t already have someone in mind, HomeLight can connect you with top agents in your area.
Keep in mind that while there are real estate commissions to consider, the expertise and connections an agent brings to the table can make the process a lot easier.
Focus on investors rather than owner-occupiers
San Diego has a large number of institutional buyers, such as companies, corporations, or limited liability companies that purchase homes for cash. If you’re trying to attract these kinds of buyers, consider listing your property on investment websites or attending local real estate investing events.
You can also search online for “We Buy Houses for Cash” companies in your area. These companies typically follow the “70% rule”, meaning they typically offer 70% of your home’s after-repair value minus repair costs. You will almost certainly get an offer below market value for your property, though the tradeoff is that the sale can often be completed in just a few days.
Due diligence is important
Researching and vetting cash-for-homes companies you are considering working with is important.
Use the Better Business Bureau to verify the legitimacy of companies you’re considering working with. Additionally, read online reviews from websites like Google, Yelp, Facebook, and Trustpilot.
To ensure you’re working with a reputable buyer, research the company’s track record, licenses, and customer referrals.
Before signing an offer, ask for proof of funds
When working with a cash buyer, especially a private entity, it’s important to verify that they have readily available funds. Ask the cash buyer for proof of funds, a document verifying they have the money to purchase your home.
If the cash buyer is unwilling (for any reason!) to provide proof of funds, this is a major red flag, and you should consider working with a more trustworthy company or entity.
