Questions about selling for cash

Yes. We make written, as-is cash offers in the areas where we buy. In many deals we bring in an investor partner to fund the purchase by assigning our purchase contract to them before closing. We tell you up front, in writing, when we plan to do that, and your price and terms do not change.

You pay us no fees or commissions. We make money from the spread: our offer is below what the house would sell for fixed up, and we earn either an assignment fee from our investor partner or the profit when we close and resell ourselves. Who pays closing costs is written in your offer.

Local cash buyers and investors (including Cash Offer Desk in the areas where we buy), iBuyers such as Opendoor or Offerpad in the markets they serve, and national cash-buyer franchises all make fast offers. A closing within about a week is possible when the title is clear and there is no probate or lien problem; 2 to 4 weeks is more common.

No, and that includes us. Cash buyers need room for repairs, holding costs and profit, so offers are typically well below what the same house would sell for fixed up on the open market. What you get in return is speed, no repairs, no showings and fewer deals falling through. If you have time and money for repairs, listing with an agent often nets more.

You sign a purchase contract with us. Before closing, we transfer (assign) our right to buy the house to an investor partner, who closes on the same price and terms at a title company. The partner pays us a fee for the contract. This is called wholesaling, and some states require written disclosures or give you a right to cancel. We follow those rules and tell you in writing.

No. We buy houses as-is, and you can leave behind belongings you do not want. Both points go in writing in the purchase contract.

No. Requesting an offer does not commit you to anything. We encourage you to get another offer and to have a real estate attorney review any contract, ours included.

We buy in select areas. If we do not buy near you, we will say so, and with your permission we can connect you with a trusted cash buyer who does.

No. Where we buy, we handle your request ourselves. Outside our areas, and only if you allow it, we may pass it to a trusted local cash buyer, never more than three. Ask us to stop contacting you at any time.

Yes. Your mortgage is paid off at closing from the sale proceeds. If you owe more than the house is worth, you may need a short sale, which needs your lender’s approval.

It depends on your state and on whether you have legal authority to sell, such as letters testamentary. Some cash buyers will sign a contract that closes once probate allows it. See our guides on inherited houses and probate.

The way you are paid does not change the tax. Capital gains rules, the home sale exclusion and state transfer taxes apply the same way as in any sale. Talk to a tax professional about your situation.