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

Inside the San Bernardino cash home buyers market

San Bernardino’s cash home-buying market is comprised of real estate investors, first-time buyers, and other entities hoping to purchase properties mortgage-free. Here’s a closer look at some of the key groups:

• New residents: San Bernardino has been known to attract first-time homebuyers seeking slightly more affordable housing and greater financial security within the Southern California region, some of whom prefer to pay cash to simplify their homebuying experience.
• Baby Boomers: Data collected by the National Assocation of Realtors indicates that Older Boomers and Silent Generation buyers have a preference toward mortgage-free living, with more than half paying cash for their homes in 2023. Residents aged 65+ are the fastest-growing age category in San Bernardino County, potentially indicating a higher prevalence of future cash transactions.
• Property investors: These can include institutional buyers, house flippers, buy-and-hold investors, wholesale investors, and iBuyers. Each of these groups intends to profit from San Bernardino’s steady housing market, making them active cash buyers.
• iBuyers: Compared to other investors, iBuyers typically pay closer to market value for properties. While iBuyers do have service fees and selective criteria that can limit their availability for some sellers, they offer a quick and hassle-free option for others.

Pros of working with a San Bernardino cash home buyer

Cash offers can be tempting for San Bernardino homeowners seeking a smooth and simplified sales process. Here, we’ll break down the key benefits of selling your home for cash:

How to request a cash offer in San Bernardino

If you’re looking for the easiest way to obtain a quick cash offer for your property, HomeLight’s Simple Sale platform connects you directly with the largest network of previously vetted and qualified investors in the U.S.

After answering a few basic questions about your San Bernardino home, we’ll provide you with a no-obligation, all-cash offer in just 24 hours. Once the offer is accepted, you can close the deal in as few as 10 days, skipping the time-consuming prep work, costly repairs, and endless showings associated with traditional sales. Plus, you’ll have the flexibility to choose a move-out date that works for you — up to 30 days after closing.

Although cash buyers typically offer less than what you could receive on the open market, traditional home sales come with additional costs that can drain up to 10% of your sale price. Depending on your circumstances, selling to a cash buyer could save you money in the long run.

How much are San Bernardino cash home buyers willing to pay?

Cash investors and house-buying companies typically seek out properties that they can buy for below market value. In return, sellers reap the benefits of a quick and hassle-free home sale. In general, house flippers follow the 70% rule, meaning they aim to pay no more than 70% of a home’s after-repair value (ARV), factoring in repair and upgrade costs.

The San Bernardino real estate market is somewhat slower than in previous years; home sales are down, and prices continue to rise. Given the current conditions, offers from house-buying companies might be lower than what you could expect on the open market.

During strong seller’s markets with high demand and low inventory, however, cash offers can range from 80% to 85% of the property’s ARV.

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

If you’re aiming for speed and simplicity, a cash home sale could be the best fit for your needs. Here’s a brief rundown of how the process of selling to cash buyers in San Bernardino typically works.

Complete the California Real Estate Transfer Disclosure Statement

• What it is: In California, sellers must complete the Real Estate Transfer Disclosure Statement, or TDS, that describes any known material defects and property information.
• Why it matters: Legally mandated disclosure laws ensure that buyers are aware of important property details and can help avoid complications or delays, even in a cash sale.
• How cash buyers help: Most San Bernardino “We Buy Houses” companies will complete this form for you, but preparing it in advance could help accelerate the process. Because these buyers purchase homes in any condition, disclosures are primarily a legal formality.

The buyer runs a title search on the property

• What it involves: Cash buyers conduct a property title search to confirm ownership and identify potential issues like liens, undisclosed heirs, or boundary disputes.
• Why it’s important: Resolving title issues proactively ensures a smoother sale process and avoids delays.

The seller pays any associated fees

• Typical costs: While cash sales typically have fewer closing fees, sellers may still need to pay certain costs, such as transfer taxes, title insurance, escrow fees, and attorney fees.
• California’s transfer tax: In most states, transfer taxes are paid at closing. Most counties in California, including San Bernardino, charge a standard rate of $1.10 for every $1,000 in sale value.
• Minimizing fees: Many “We Buy Houses” companies will shoulder these costs. However, because their offers are typically below market value, it’s essentially a trade-off for convenience.

Deciding to sell to San Bernardino cash home buyers

Because of San Bernardino’s consistently moving market, it could be the right time to consider selling your home for cash.

Whether you choose to search for cash buyers on your own, partner with a highly rated real estate agent, or request a cash offer from Simple Sale, HomeLight can connect you with top professionals and valuable resources. By leveraging San Bernardino’s investor-rich market, we’re here to help streamline your selling experience and lock in a fast, efficient home sale that fits your individual timeline.

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.

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