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

Inside the Murray cash home buyers market

Murray’s cash home-buying market consists of various types of buyers with differing motivations:

• New residents: Utah attracts out-of-state buyers, many of whom pay cash for their homes. For example, the state has seen an influx of new residents from California, New York, and Texas. The Salt Lake City metropolitan area, including Murray, remains a popular choice for those relocating to Utah.
• 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 paid cash (in 2023). This reflects their financial stability and strength.
• Property investors: This group includes institutional investors, house flippers, buy-and-hold investors, wholesale buyers, and iBuyers, all looking to profit from Murray’s housing market.
• iBuyers: Offers from these companies are often closer to market value than those of other investors. However, iBuyers charge service fees and have specific criteria, which may limit their accessibility to some sellers.

Pros of working with a Murray cash home buyer

Selling your home for cash can be faster and easier than a traditional sale. Here’s how working with cash home buyers in Murray could benefit you:

How to request a cash offer in Murray

HomeLight’s Simple Sale makes getting a cash offer for your property hassle-free. Simple Sale connects you directly to the largest system of pre-approved and vetted investors in the U.S., saving you time and effort.

By answering a few straightforward questions about your house, you can receive a no-obligation cash offer in as little as 24 hours. After accepting, you can close the deal in as few as 10 days. Plus, you can choose a move-out date that fits your schedule — up to 30 days post-closing. You won’t need to worry about handling renovations, staging, or open houses.

While cash offers generally fall below what you could get on the open market, traditional home sales often incur expenses totaling 9% to 10% of the sale price. In the long run, a cash sale could make the most financial sense for you, depending on your needs and goals.

How much are Murray cash home buyers willing to pay?

Home-buying companies and cash investors strive to purchase homes below market value. In return, they offer sellers a fast and convenient process. For example, property flippers typically follow the 70% rule, meaning they pay up to 70% of a home’s after-repair value (ARV), including repair costs.

Market conditions also affect cash offers. In high-demand, low-inventory markets (a seller’s market), cash buyers may offer closer to 80% to 85% of a property’s ARV. However, cash offers typically fall below market value in slower markets.

The good news is that the Utah housing market is competitive. In Salt Lake County, both home sales and median prices have increased over the past year.

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

For a quick and easy home sale in Murray, consider selling for cash. Here’s a basic overview of the process:

Complete the Utah Disclosure Statement

• What it is: Utah sellers must inform buyers of any known defects that could significantly affect the property’s value and that a reasonable inspection might miss. To ensure compliance, complete the Seller’s Property Condition Disclosure form.
• Why it matters: Sellers must comply with disclosure laws to provide buyers with property details, even in cash transactions. Accurate disclosures safeguard sellers against legal complications and delays.
• How cash buyers help: Many We Buy Houses companies in Utah help sellers with disclosure paperwork. Although disclosures are mostly formalities in as-is transactions, preparing them in advance can prevent slowdowns later on.

The buyer runs a title search on the property

• What it involves: Cash home buyers typically conduct a title search to verify ownership and check for issues like liens, undisclosed heirs, or boundary disputes.
• Why it’s important: Handling title issues early results in a smoother transaction, avoiding unnecessary delays.

The seller pays any associated fees

• Typical costs: Cash sales typically involve fewer closing costs, if any. However, sellers may still be responsible for transfer taxes, title insurance, escrow fees, and attorney fees.
• Utah’s transfer tax: Unlike many states, Utah does not have a transfer tax. However, sellers may still be responsible for other closing costs.
• Minimizing fees: Some We Buy Houses companies pay these costs for you, but their offers usually fall below market value.

Deciding to sell to Murray cash home buyers

Selling to cash home buyers in Murray is a good option for many homeowners as Utah’s market continues to attract investors.

Whether you decide to assess buyers on your own, collaborate with a real estate agent, or request an offer through Simple Sale, HomeLight provides access to top professionals and useful resources. By taking advantage of Murray’s dynamic investor market, we aim to streamline the selling process and help you secure 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: (Get Lost Mike / Pexels)