If you’re considering selling your home to a cash buyer, one of the smartest moves you can make is to contact multiple companies before accepting any offer. We recommend reaching out to at least three to five reputable cash buyers in your area. This gives you a clearer picture of your home’s fair market value and allows you to compare terms, timelines, and overall transparency.
Why Get Multiple Offers?
Just like selling a car or shopping for insurance, getting multiple quotes ensures you’re not leaving money on the table. Cash home buyers may offer widely different amounts depending on their business models, repair estimates, and projected resale profits. Comparing offers also gives you leverage — if one buyer offers better terms, you can potentially negotiate with others to match or beat them.
How to Reach Out
You can usually contact cash buyers in one of two ways:
-
Online: Most companies have a simple form where you input your property details. You may get a preliminary offer within 24–48 hours.
-
By Phone: Speaking directly can be helpful for clarifying questions and gauging how professional and responsive the buyer is.
Questions to Ask Every Cash Buyer
Before accepting any offer, ask key questions to make sure the buyer is legitimate and their offer terms are fair. Here are some essentials:
-
Do you require any repairs before closing?
Reputable cash buyers typically purchase homes in as-is condition, but some may reduce your offer based on estimated repair costs. -
What is your average closing timeline?
Many buyers promise fast closings, but timelines can vary. A trustworthy buyer should offer flexibility based on your needs. -
Do you charge any upfront fees?
Avoid any company that asks for inspection or service fees before closing. -
Can I review a sample purchase agreement?
A transparent buyer should be willing to provide this without hesitation so you can review terms and contingencies. -
Will you provide a 1–2% earnest money deposit?
Serious buyers should be willing to put some money down as a sign of commitment to the deal.
What to Expect After Contacting a Buyer
After you submit your property information, most cash buyers will:
-
Provide a preliminary offer within 1–2 business days.
-
Schedule a walkthrough or inspection (virtual or in-person) to verify property condition.
-
Send a formal offer once due diligence is complete.
-
Close in as little as 7–21 days, depending on the situation.
By reaching out to multiple cash buyers, asking the right questions, and carefully reviewing offers, you’ll be in a better position to maximize your sale price and avoid predatory tactics. Taking the time to compare your options could lead to thousands of dollars in additional profit — and far less stress at closing.