Top Tips for Connecting With Cash Home Buyers in Fort Lauderdale
Fort Lauderdale is a hotspot for all-cash home purchases, attracting a mix of foreign buyers, property investors, and affluent snowbirds. In March 2024, nearly 43% of closed sales in Broward County, including existing condos and single-family homes, were all-cash transactions.
Now is an excellent time to connect with cash home buyers in Fort Lauderdale, offering a faster and more convenient closing process. In this guide, we’ll show you how to find and sell to cash home buyers in Fort Lauderdale and provide you with a detailed overview of 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 Fort Lauderdale
Looking to sell your home fast and easily? Cash buyers can be a great option. Here are a few ways you can seek out trusted cash home buyers in Fort Lauderdale who may be willing to make a fair offer on your property.
Work with a reputable local real estate agent
Even if you’re opting for a cash home sale, working with a real estate agent can be beneficial. Agents often have connections to cash buyers who may be interested in buying your home. An agent can save you the hassle of researching and vetting a long list of cash buyers in your area by recommending trustworthy buyers. Additionally, agents are skilled in negotiating and can help ensure you receive a fair price for your property. If you don’t already have someone in mind, HomeLight can connect you with top agents in your area. While real estate commissions might apply, the expertise and connections an agent offers can be well worth it.
Focus on investors rather than owner-occupiers
Fort Lauderdale has a notable share of institutional buyers — companies, corporations, and limited liability companies that buy houses for cash. To attract these investors, consider posting your property on investment websites or attending local real estate investing events. Requesting no-obligation cash offers from “We Buy Houses” companies in Fort Lauderdale is another effective strategy. However, keep in mind that house flippers typically adhere to the 70% rule, meaning they may offer 70% of the after-repair value of your home, minus repair costs.
Do your due diligence
It’s crucial to research and vet cash-for-homes companies to ensure their legitimacy. Homeowners can use the Better Business Bureau (BBB) to verify companies they are considering working with. You can also reach out to the local chapter, BBB Serving Southeast Florida and the Caribbean.
Additionally, reading online reviews from websites like Google, Yelp, Facebook, and Trustpilot can provide valuable insights into the company’s reputation. Verify the company’s track record, licenses, and customer referrals to avoid potential scams and ensure a smooth transaction.
Before signing an offer, ask for proof of funds
Choosing a cash buyer with readily available funds is essential. Ask the cash buyer for proof of funds, which is a document that confirms they have the financial resources to purchase your home. If the cash buyer is unwilling to provide proof of funds, consider it a red flag and look for a more trustworthy company.
