How to Find Cash Home Buyers in Arizona for a Hassle-Free Home Sale
- Published on
- 8 min read
-
Joseph Gordon EditorClose
Joseph Gordon EditorJoseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
If you’re a homeowner in Arizona considering selling your house quickly and without the usual hassle, a cash buyer could provide the solution you need. Whether you’re in Phoenix, Tucson, or a smaller community, cash buyers—including investors and home-buying companies—offer a faster alternative to traditional listings by skipping appraisals and mortgage approvals.
Arizona’s housing market continues to attract attention from both local and out-of-state investors. If you’re looking for a seamless way to sell, this guide will show you how to connect with cash home buyers in Arizona, what to expect during the process, and the pros and cons of working with them.
Sell Your House Fast in Arizona With a Cash Offer
Get an all-cash, no-obligation offer on your Arizona home through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 10 days. No showings, no repairs, no open houses.
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 Arizona
Selling your Arizona home quickly? Cash buyers could be the solution. Here are practical ways to connect with trusted cash buyers who may offer a fair price for your property.
Work with a reputable local real estate agent
Partnering with a real estate agent can simplify your search for cash buyers. Agents often have networks of cash buyers, including investors, who may be interested in your property. By working with a recommended buyer, you can avoid the hassle of vetting unknown buyers yourself.
Agents also assist with pricing, negotiations, and closing. If you don’t have an agent, HomeLight can connect you with top local professionals. While real estate commissions apply, the expertise is invaluable for a smooth sale.
Focus on investors rather than owner-occupiers
Arizona is a hotspot for institutional buyers—companies and investors who often pay cash for homes. To attract them, consider listing on investor-focused sites or attending real estate meetups. Searching online for “We Buy Houses for Cash” companies can also help, but keep in mind that many buyers follow the 70% rule, offering 70% of a home’s after-repair value minus repair costs.
Do your due diligence
If you’ve found a cash buyer you’re considering selling your house to, it’s important to thoroughly vet that company or individual to make sure they’re legitimate. You can do so by verifying the company’s rating with the Better Business Bureau (BBB), assuming they have a profile or are accredited. You can also reach out to your local offices, like BBB Serving Southern Arizona and BBB Serving the Pacific Southwest, Central & Inland California.
Before signing an offer, ask for proof of funds
Always ask cash buyers to provide proof of funds, a document showing they have the cash ready to close. If they hesitate, this is a red flag, and you should consider working with a more trustworthy buyer.
You should also read online reviews on sites like Google, Yelp, Trustpilot, and Facebook. Research the company or individual’s investment record, check that they’re registered with the state, and ask for referrals from recent sellers.
Inside the Arizona cash home buyers market
Arizona’s cash home-buying market is driven by diverse groups, including investors, retirees, and newcomers seeking affordability. Let’s explore the key players in this market and what motivates them to purchase homes mortgage-free.
New residents seeking affordability
Arizona’s lower cost of living attracts cash buyers from higher-priced states like California. Many are retirees or remote workers looking to save on housing while enjoying Arizona’s warm climate and favorable property taxes. Popular areas like Phoenix and Tucson see strong demand from these buyers, who value affordability and lifestyle options.
Baby Boomers
Baby Boomers are a significant force in Arizona’s market, with more than half of Older Boomers paying cash for homes. Arizona’s retirement-friendly communities, first-floor living options, and low-maintenance properties appeal to this demographic. Highlighting these features in your listing description can help attract cash-ready buyers in this age group.
Property investors
Arizona’s booming population and strong rental demand make it a prime target for real estate investors. From institutional buyers to house flippers, investors often purchase homes for cash to renovate, rent, or resell quickly, offering sellers a faster, smoother transaction.
Pros of working with an Arizona cash home buyer
Cash offers can be an attractive option for Arizona homeowners seeking an efficient and streamlined sales process. Let’s explore the key benefits of working with a cash home buyer:
- Quick closings: Selling to a cash buyer often means you can close the deal much faster than through traditional financing, often within days or weeks. This is because there’s no waiting for the buyer to secure a mortgage, which can significantly speed up the timeline.
- No contingencies: Cash sales typically come with fewer contingencies, if any. This means the sale is less likely to fall through due to financing issues or other common contingencies like home inspections.
- As-is purchase: Cash buyers often purchase homes as-is, meaning you won’t need to spend money or time on repairs or upgrades before the sale. This can be particularly advantageous if your home needs significant work.
- Simplified process: The process of selling to a cash buyer is generally more straightforward and involves less paperwork than selling through traditional means.
How to request a cash offer in Arizona
If you’re looking for an easier way to secure a cash offer for your home, HomeLight’s Simple Sale platform can connect you with the largest network of vetted and pre-approved investors in the U.S.
After answering a few basic questions about your home, you’ll receive a no-obligation, all-cash offer within 24 hours. If you accept the offer, you can close the sale in as few as 10 days. You can skip the repairs, prep work, and endless showings, and choose a move-out date that works for you — up to 30 days from closing.
Cash buyers usually offer less than what you might get on the open market, but selling the traditional way comes with fees that can eat up 9% to 10% of your sale price. So, depending on your needs, a cash buyer could still save you money in the long run.
How much are Arizona cash home buyers willing to pay?
Cash investors and home-buying companies often look for deals where they can buy properties for less than what they’re worth on the market. In return, sellers get the benefit of selling their homes quickly and with less hassle. House flippers usually follow the 70% rule, meaning they try not to pay more than 70% of a home’s after-repair value (ARV), including repair and upgrade costs.
The Arizona housing market has experienced ups and downs in recent years, and some markets might experience a downturn. However, while the national market is showing signs of slowing down, many areas in Arizona are still favoring sellers.
During periods with high demand and low inventory (seller’s markets), cash buyers often come closer to a home’s market value. Offers in this scenario range from 80% to 85% of the ARV of the property.
What’s the process of selling to an Arizona cash home buyer?
If you’re looking for speed and simplicity, a cash home sale may be right for you. Here’s a breakdown of how the process generally works:
Complete the Arizona Residential Seller Disclosure Statement
Most states have mandated disclosure laws and require you to fill out a form detailing any material defects in the home. In Arizona, sellers are required to disclose any defects before accepting an offer by completing the Residential Seller Disclosure Statement.
If you’re working with an Arizona “We Buy Houses” company, they will likely prepare all of the necessary documents for you, including this one. However, you can speed up the process by filling it out ahead of time. These companies conduct their own inspections and purchase homes in any condition, so filing the disclosure statement is more of a legal obligation from their perspective.
The buyer runs a title search on the property
The cash buyer will also verify the property’s title. This ensures you have legal ownership and checks for any liens or claims that could prevent a smooth sale. Some of the most common reasons for title issues include boundary disputes, unknown easements, undisclosed heirs, public record errors, and forgery.
The seller pays any associated fees
While cash sales typically involve fewer fees compared to traditional sales, you may still incur some closing costs, like transfer taxes, title insurance, escrow fees, and attorney fees. Arizona does not have a transfer tax.
If you’re looking to avoid closing costs altogether, “We Buy Houses” companies will often pay them for you in exchange for an offer that’s below market value.
Deciding to sell to Arizona cash home buyers
Homeowners have a good chance of selling for cash, as Arizona remains a popular state to invest in real estate. Whether you decide to compare buyers yourself, enlist the help of a real estate agent, or request an offer from Simple Sale, HomeLight can connect you with top professionals and valuable resources. We’re here to help you streamline your selling experience, leveraging Arizona’s investor-rich market to find a fast and efficient solution for your home sale needs.
Header Image Source: (vincentstthomas/ Depositpjotos)
At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.