How to Find Cash Home Buyers in Utah for a Hassle-Free Home Sale
If you’re a homeowner in Utah looking to sell your house quickly and without the usual stress, connecting with a cash buyer could be your best bet. Cash buyers are drawn to the Beehive State’s robust economy and appealing real estate market, which can make selling your home for cash easy.
However, Utah’s housing market has been on the downswing, with homes facing longer days on the market and the total number of home sales dropping. As such, selling on the open market might be tougher, whereas a cash sale may have a better chance of success.
This could be a good time to consider a cash home buyer, especially if you value speed and convenience. In this guide, we’ll explain how to find and sell to Utah cash home buyers and walk you through the entire cash sale process.
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 Utah
Looking to sell your home fast and easily? Cash buyers can be a great way to skip the traditional market and sell your home in a matter of days. Here are a few ways you can seek out trusted cash home buyers in Utah who may be willing to make a fair offer on your property.
Work with a reputable local real estate agent
Agent connections: Real estate agents often have connections to cash buyers who may be interested in your home.
Save time and effort: Using an agent-recommended cash buyer can save you the hassle of researching and vetting a long list of potential buyers.
Expertise: Agents can provide valuable insights and support throughout the selling process.
Find top agents: HomeLight can connect you with top agents in your area.
Consider commissions: Be aware of real estate commissions, but the benefits may outweigh the costs.
Focus on investors rather than owner-occupiers
Institutional buyers: Utah has a high share of institutional buyers, such as companies, corporations, and LLCs that buy houses for cash.
Investment websites: Post your property on investment websites to attract cash buyers.
Real estate events: Attend real estate investing events to network with potential cash buyers.
Search online: Look for “We Buy Houses for Cash” companies in your area.
Understand the 70% rule: House flippers often follow the 70% rule, offering around 70% of your home’s after-repair value, minus repair costs.
Do your due diligence
Research companies: Verify the legitimacy of cash-for-homes companies.
Use BBB: Check the Better Business Bureau to verify companies.
Read reviews: Look for online reviews on Google, Yelp, Facebook, and Trustpilot.
Check track records: Verify the company’s track record, licenses, and customer referrals.
Before signing an offer, ask for proof of funds
Verify funds: Ensure the cash buyer has the necessary finances to purchase your home by asking for proof of funds.
Red flags: If a cash buyer is unwilling to provide proof of funds, consider it a red flag and look for a more trustworthy company.
