How to Find Cash Home Buyers in Colorado for a Hassle-Free Home Sale
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Cheyenne Wiseman Associate EditorClose
Cheyenne Wiseman Associate EditorCheyenne Wiseman is an Associate Editor at HomeLight.com. Previously, she worked as a writer for Static Media (Mashed.com and Chowhound.com) and as an editor for CBR.com. Cheyenne holds a bachelor’s degree in English from UC Davis, where she also founded and led a literary magazine called Open Ceilings. She has four years of experience writing and editing on topics including real estate, financial advising, and pharmaceuticals.
If you’re a Colorado homeowner looking to make a fast sale without the stress of listing on the open market, working with a cash buyer could be the hassle-free solution you’re looking for. Local and out-of-state investors have shown avid interest in the Centennial State, though it’s important to mention that the market has been on somewhat of a downswing recently.
This could be a good time to consider a cash home buyer, especially if you value ease and speed. In this guide, we’ll provide you with the information and guidance you need to find and sell to cash home buyers in Colorado, walking you through the entire cash sale process step-by-step.
Sell Your House Fast in Colorado With an All-Cash Offer
Get an all-cash, no-obligation offer on your Colorado 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 Colorado
Looking to sell your home quickly and easily? Cash buyers can be a viable solution. Here are some tried-and-true strategies to help you find trusted cash home buyers in Colorado who might be ready to extend an offer.
Work with a reputable local real estate agent
Even for a cash sale, working with a real estate agent can streamline the process. Agents often have strong connections to trusted cash buyers, saving you the time and effort of researching different options.
An agent-recommended buyer can reduce your stress as they are pre-vetted and ready to make an offer. If you don’t already have an agent, HomeLight can match you with top-performing professionals in your area. While agents charge real estate commissions, their expertise and vast network can significantly increase your chances of a faster and more profitable sale.
Do your due diligence
It’s important to vet cash-for-homes companies before committing to anything. Read reviews on Google, Yelp, and Trustpilot, and use platforms like the Better Business Bureau to check their reputation. You can also reach out to one of the state’s many local offices, including BBB serving Greater Denver and Central Colorado, BBB of Southern Colorado, BBB serving Northern Colorado and Wyoming, and BBB Serving New Mexico and Southwest Colorado.
Examine the company’s track record, licenses, and customer referrals to verify their legitimacy. Always request proof of funds, such as a bank statement, to ensure the buyer has the financial means to buy your property. If a buyer hesitates to comply, consider it a red flag and search for a more trustworthy option.
Inside the Colorado cash home buyers market
Colorado’s cash home-buying market includes real estate investors and other buyers ready to purchase homes mortgage-free. Let’s take a closer look at these groups and their motivations.
- New residents: Colorado has been known to attract out-of-state buyers, some of whom are paying cash to streamline their relocation process. While this trend continues, recent data suggests a shift in migration patterns within the state, with a growing concentration of new residents in counties including Weld, Adams, and Mesa.
- Baby Boomers: In 2024, 33% of U.S. homebuyers purchased homes with all cash, the highest in nearly a decade. More than half of Older Boomers and 53% of Silent Generation buyers paid cash for their homes, indicating their financial stability and desire for mortgage-free living.
- Property investors: Selling to property investors can be a viable option. These include institutional buyers, house flippers, iBuyers, buy-and-hold investors, and wholesale investors.
- iBuyers: Compared to other investors, iBuyers often pay closer to market value but charge a service fee and purchase selectively. The iBuyer model provides homeowners with a streamlined alternative to traditional selling, emphasizing speed and convenience.
Pros of working with a Colorado cash home buyer
Cash offers can be attractive for Colorado homeowners seeking an efficient and hassle-free sale. Here are the top benefits of working with cash home buyers in Colorado:
- Speedy closings: Selling to a cash buyer often means you can close the deal much faster than through traditional financing, often within days or weeks. The timeline is significantly shorter because there’s no waiting around for the buyer to secure a mortgage.
- Avoid contingencies: Cash sales usually come with fewer contingencies, if any. This means the sale is less likely to fall through due to financing issues or other standard contingencies like home inspections.
- As-is purchase: Cash buyers often purchase homes in as-is condition, meaning you won’t need to waste money or time on repairs or upgrades before the sale. This can be particularly advantageous if your home needs a lot of work.
- Streamlined process: 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 Colorado
If you’re seeking an easier way to request a cash offer for your home, HomeLight’s Simple Sale platform can give you access to the largest network of vetted and pre-approved investors in the country.
After answering a few basic questions about your home, you’ll receive a no-obligation, all-cash offer within 24 hours. If you choose to accept, you can close the sale in as few as 10 days. You can bypass repairs, prep work, and showings and pick a move-out date that works for you – up to 30 days from closing.
Cash buyers typically offer less than what you might secure on the open market, but the traditional sale route comes with fees that can eat up 9% to 10% of your sale price. Depending on your needs and priorities, a cash buyer could save you money in the long run.
How much are Colorado cash home buyers willing to pay?
Cash investors and house-buying companies often search for deals where they can buy homes for less than what they’re worth on the market. In return, homeowners benefit from selling their homes quickly and with less effort. House flippers typically 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 Colorado housing market continues to cool despite inventory and overall supply increasing in recent months. Home prices remain stagnant, and demand is low. Given the current conditions, offers from cash home buyers in Colorado might be lower than what you could get on the open market.
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 property’s ARV.
What’s the process of selling to a Colorado cash home buyer?
If you value speed and simplicity, a cash home sale may be the best decision for you. Here’s an overview of the cash sale process in Colorado:
Complete the Colorado Seller’s Property Disclosure Statement
- What it is: In Colorado, sellers must fill out a Seller’s Property Disclosure Statement covering known material defects and property information. Mandated disclosure laws ensure buyers have access to essential property details.
- Why it matters: Accurate disclosures are legally required and help prevent complications, even in a cash sale.
- How cash buyers help: Colorado “We Buy Houses” companies typically complete this form for you, but filling it out in advance can expedite the process. These buyers purchase homes in any condition, so disclosures are primarily a legal obligation.
The buyer runs a title search on the property
- What it involves: Cash buyers conduct a property title search to verify ownership and identify potential issues like liens, undisclosed heirs, or boundary disputes.
- Why it’s important: Addressing title issues promptly can streamline the home-selling process and prevent costly delays.
The seller pays any associated fees
- Typical costs: Cash sales frequently have fewer closing costs, but sellers may still be required to cover transfer taxes, title insurance, escrow fees, and attorney fees.
- Colorado’s transfer tax: In most states, transfer taxes are paid at closing. Colorado buyers typically pay the Documentary fee (aka Property tax) at a rate of 1 cent per $100 on the property’s purchase price. Some Colorado cities may also impose additional real estate transfer taxes.
- Minimizing fees: Many “We Buy Houses” companies cover these costs, but their offers are usually below market value, making it a trade-off for ease and convenience.
Deciding to sell to Colorado cash home buyers
Despite the market’s stagnancy, selling a home for cash remains a viable option for many Colorado homeowners.
Whether you choose to compare buyers on your own, seek the advice of a real estate agent, or request an offer from Simple Sale, HomeLight can connect you with top professionals and useful resources. We can help simplify your selling experience, leveraging Colorado’s investor-rich market to find a quick and efficient solution for your home sale needs.
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