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

Inside the Melbourne cash home buyers market

The cash home-buying market in Melbourne consists of various types of buyers, each with different motivations. Understanding who these buyers are can help you find the right fit for your home sale.

• New residents: Located in Brevard County, Melbourne is an attractive destination for out-of-state buyers, some of whom prefer to pay in cash. With a population increasing at an annual rate of 0.73%, Melbourne appeals to new residents in the healthcare, retail, and manufacturing industries.
• Baby Boomers: In December 2024, 28% of all home sales nationwide were cash transactions. Among Older Boomers, 51% paid cash for their homes, while 53% of Silent Generation buyers did the same (as of 2023). This indicates their financial stability and preference for avoiding mortgages.
• Property investors: This group includes institutional investors, house flippers, buy-and-hold investors, wholesale buyers, and iBuyers — all seeking to profit from Melbourne’s housing market.
• iBuyers: iBuyers might offer better prices than other investors, but they also have fees and stricter criteria that may affect some sellers’ eligibility.

Pros of working with a Melbourne cash home buyer

A cash sale is often much more straightforward than a traditional home sale. Here’s how selling to cash home buyers in Melbourne could work to your advantage:

How to request a cash offer in Melbourne

For a faster and more convenient way to secure a cash offer in Melbourne, consider HomeLight’s Simple Sale tool. Simple Sale connects you with the nation’s largest network of pre-approved investors, allowing you to get a no-obligation cash offer in as little as 24 hours.

To get started, just answer a few quick questions about your home and timeline. If you decide to accept the offer, you could close in as few as 10 days and choose a move-out date that fits your schedule — up to 30 days after closing. You won’t need to worry about staging, open houses, or making repairs.

While cash offers are generally lower than those on the open market, traditional sales often come with costs totaling 9% to 10% of the sale price. Depending on your priorities, selling for cash could ultimately save you both time and money.

How much are Melbourne cash home buyers willing to pay?

Home-buying companies and cash investors often purchase homes below market value but provide sellers with a fast and convenient process. Property flippers follow the 70% rule, paying up to 70% of a home’s after-repair value (ARV), factoring in renovation expenses.

Currently, the Melbourne housing market isn’t very competitive — prices haven’t seen much change from last year, and homes are taking longer to sell. Given these conditions, cash offers may be lower than they would be in a hotter market. For example, cash offers may approach 80% to 85% of a property’s ARV in a competitive market.

What’s the process of selling to a Melbourne cash home buyer?

If you prioritize a quick and hassle-free sale, selling your home for cash may be the answer. Here’s a basic overview of the process of selling to cash home buyers in Melbourne.

Complete the Florida Disclosure Statement

• What it is: While Florida doesn’t require a specific disclosure form, sellers and their agents must still disclose any significant property defects, like foundation issues. Completing the Seller’s Property Disclosure can help sellers ensure they don’t miss anything.
• Why it matters: Florida disclosure laws protect both buyers and sellers, including in cash sales. These laws guarantee buyers receive accurate property information, preventing potential complications and legal issues.
• How cash buyers help: Many We Buy Houses companies in Melbourne handle disclosure paperwork for sellers. Although disclosures are mainly formalities in as-is sales, preparing them beforehand can save time.

The buyer runs a title search on the property

• What it involves: In Florida, cash buyers typically conduct a title search to confirm ownership and identify issues like liens, undisclosed heirs, or boundary disputes.
• Why it’s important: Resolving title problems early ensures a smoother transaction and avoids delays.

The seller pays any associated fees

• Typical costs: While cash sales typically come with fewer closing costs, sellers may still need to pay transfer taxes, title insurance, escrow fees, and attorney fees.
• Florida’s transfer tax: In many states, transfer taxes are paid at closing. In Florida, the seller and buyer must decide who pays the transfer tax. The Florida transfer tax is assessed at a rate of $0.70 per $100 of the total property value.
• Minimizing fees: In Florida, some We Buy Houses companies cover these costs, but their offers generally fall below market value.

Deciding to sell to Melbourne cash home buyers

Melbourne homeowners are well-positioned to secure a cash offer, as Florida is a popular spot for real estate investment.

Whether you decide to assess buyers on your own, partner with a real estate agent, or consider an offer through Simple Sale, HomeLight provides access to top professionals, tools, and resources. We take advantage of Melbourne’s dynamic investor market to streamline the selling process, helping you achieve a quick, profitable home sale.

Editor’s note: As a friendly reminder, this blog post is meant for educational purposes, not legal or tax advice. HomeLight always encourages you to consult your own advisor.

Header Image Source: (Roger Starnes Sr/ Unsplash)