How to Find Cash Home Buyers in Colorado Springs for a Hassle-Free Home Sale

Inside the Colorado Springs cash home buyers market

Real estate investors largely drive Colorado Springs’s cash home-buying market, but other groups may be willing to buy your property mortgage-free. Here are some examples of other cash home buyers you can expect to encounter:

New residents

Newcomers are drawn to Colorado Springs for its natural beauty, outdoor activities, and job opportunities. Many prefer to buy homes with cash for a quick, hassle-free transition. Often moving from pricier markets, they use profits from previous homes to make competitive cash offers, making them attractive options for sellers seeking a speedy sale.

Baby Boomers

Baby Boomers are leading the cash buyer market, with more than half of older boomers and 32% of younger boomers paying all cash for homes in 2023. If your home has features that appeal to this generation—like a first-floor primary suite or low-maintenance outdoor space—highlight these in your listing description to capture their interest.

Property investors

Selling to real estate investors can be more straightforward than working with traditional cash buyers. Colorado Springs has a mix of investors, including house flippers, buy-and-hold investors, and iBuyers, all ready for a fast close. They are less concerned with a home’s current condition and see the area’s rental market and appreciation potential as key investment opportunities.

Pros of working with a Colorado Springs cash home buyer

Cash offers can be a good fit for Colorado Springs homeowners looking for a quick and easy sale. Let’s explore the key benefits of working with a cash home buyer:

• Quick closings: Cash buyers often have funds readily available, allowing for a much faster closing process. This can be ideal if you need to sell your home quickly to move on to your next venture without delay.
• No contingencies: Unlike traditional buyers, cash buyers usually skip the contingencies that can slow down a sale, like home inspections or financing approvals. This means less risk of the deal falling through at the last minute.
• As-is purchase: Most cash buyers are willing to buy your home as-is, which means you don’t have to invest time or money into repairs or improvements. This simplifies the selling process and reduces your overall expenses.
• Simplified process: Selling to a cash buyer means less paperwork and fewer steps. With no mortgage application or extensive negotiations, the transaction is straightforward and streamlined.
• Certainty of sale: Cash buyers are typically serious and ready to close, giving you greater assurance that the sale will go through. This peace of mind can be invaluable, especially if you’ve experienced setbacks with traditional buyers in the past.

How to request a cash offer in Colorado Springs

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 Colorado Springs 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.

Colorado’s housing market has slowed down since last year, with the average days on market for a home sale increasing from 29 days to 38 days—a 28.9% increase. Additionally, inventory has increased by 37.2%.

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 can sometimes range from 80% to 85% of the ARV of the property.

What’s the process of selling to a Colorado Springs 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 Colorado Seller’s Property Disclosure form

Most states have mandated disclosure laws and require you to fill out a form detailing any material defects in the home. In Colorado, sellers are required to disclose any defects before accepting an offer by completing the Seller’s Property Disclosure form.

If you’re working with a Colorado Springs “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. For example, Colorado sellers typically pay the State Documentary Fee (aka transfer tax) at a rate of $0.02 per $100 on the purchase price of the property.

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 Colorado Springs cash home buyers

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 Colorado Springs’s investor-rich market to find a fast and efficient solution for your home sale needs.

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