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Who Buys Houses for Cash?

If you've searched this question, you've probably seen many ads. Here's who actually buys houses for cash, how they differ, and how to spot a buyer you can trust.

Plain-English guide to cash buyers
Questions to ask any buyer
We tell you exactly how we work

The Main Types of Cash Buyers

Local investors and landlords: buy houses to rent or resell, using their own money or private funding
House flippers: buy distressed homes, renovate, and sell at retail
Wholesalers: put a house under contract and assign that contract to another buyer for a fee
iBuyer or national companies: use algorithms to make offers, usually in select markets
Regular buyers with cash: individuals paying without a loan

How We Operate

Tallahassee House Buyer is a division of Swell Real Estate Investments Inc. We buy houses directly with our own funds, and we may also assign our purchase contracts to other buyers. We tell sellers about this up front, because you should know exactly who you're dealing with. We are not real estate agents or brokers.

Questions to Ask Any Cash Buyer

Are you buying the house yourself, or will you assign the contract?
Can you show proof of funds?
Which title company will handle closing?
Are there any fees to me, now or at closing?
Can I have the contract to review with an attorney before I sign?
Do you have local references or a track record in this area?

Red Flags

Pressure to sign immediately
Requests for money up front
Vague answers about who the actual buyer is
A price that changes drastically after you sign
Unwillingness to let you have an attorney review the contract

Common Questions

Is selling to a cash buyer safe?

It can be, when the sale closes through a reputable title company and you understand the contract. Ask questions and consider having an attorney review it.

Do cash buyers pay full market value?

Typically not. Cash offers are usually below retail because the buyer buys as-is, takes on repairs and risk, and closes quickly.

What do you mean by assigning a contract?

It means we may transfer our right to buy your house to another buyer. The price and terms you agreed to stay the same.

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