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

Inside the Myrtle Beach cash home buyers market

The cash home-buying market in Myrtle Beach is comprised of various types of buyers, each with unique motivations:

• New residents: Myrtle Beach’s population is increasing at a rate of 3.13% per year. Some are moving for jobs in the city’s thriving tourism industry, while others may be looking to buy secondary, summer, or retirement homes. With Myrtle Beach’s more affordable housing costs, some buyers may prefer to pay in cash.
• Baby Boomers: In December 2024, 28% of all U.S. home sales were cash transactions. Among Older Boomers and Silent Generation buyers, more than half paid cash for their homes (as of 2023), indicating this generation’s financial stability and preference for avoiding mortgages.
• Property investors: This group includes institutional investors, house flippers, buy-and-hold investors, wholesale buyers, and iBuyers, each aiming to profit from opportunities in Myrtle Beach’s housing market.
• iBuyers: Compared to other types of investors, iBuyers often provide prices that are closer to market value. However, they charge service fees and impose strict criteria that may limit their practicality for some sellers.

Pros of working with a Myrtle Beach cash home buyer

In most cases, cash sales are much less complicated than a traditional home sale. Here are some advantages of working with cash home buyers in Myrtle Beach:

How to request a cash offer in Myrtle Beach

For a quick and reliable way to obtain a cash offer for your property, check out HomeLight’s Simple Sale platform. This platform connects homeowners directly to the country’s largest network of pre-approved and vetted investors, offering peace of mind for your home sale.

By answering a few basic questions about your property, you can receive a no-obligation cash offer in as little as 24 hours. Once you accept, the sale can close in as few as 10 days, allowing you to choose a move-out date that aligns with your schedule — up to 30 days post-closing. You won’t need to stress about repairs, staging, or hosting open houses.

While cash offers are typically lower than open-market offers, traditional sales often come with costs and fees that can eat up 9% to 10% of the sale price. Depending on your specific situation, a cash sale could save you both time and money in the long run.

How much are Myrtle Beach cash home buyers willing to pay?

House-buying companies and cash investors typically purchase homes for less than market value, in turn offering sellers the benefit of a quick and convenient process. For example, property flippers generally follow the 70% rule, meaning they offer up to 70% of a home’s after-repair value (ARV), accounting for repair and renovation costs.

Market conditions can also influence how much cash buyers are willing to pay. In a hot market, cash offers may reach up to 85% of a property’s ARV. However, in a slower market, cash offers can be significantly lower.

Currently, the Myrtle Beach housing market is facing long days on market, a declining sale-to-list ratio, and increasing inventory, meaning buyers have the upper hand. However, medium home prices have increased significantly. In conditions like these, cash offers may fall closer to the 70% standard.

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

If you want a quick, hassle-free sale, a cash offer could be the best approach. Here’s a brief overview of how the process of selling to Myrtle Beach cash buyers typically works:

Complete the South Carolina Disclosure Statement

• What it is: In South Carolina, sellers must detail any known property defects in the Residential Property Condition Disclosure Statement.
• Why it matters: Compliance with mandated disclosure laws ensures buyers receive accurate property information. Disclosures also act as a legal safeguard against complications, even in a cash sale.
• How cash buyers help: Many Myrtle Beach We Buy Houses companies will take care of the disclosure paperwork. Although disclosures are primarily formalities in as-is sales, preparing them ahead of time can streamline the process.

The buyer runs a title search on the property

• What it involves: Cash buyers typically perform a title search to affirm ownership and check for issues like liens, undisclosed heirs, or boundary disputes.
• Why it’s important: Resolving title issues early on ensures a smoother sale process without unnecessary delays.

The seller pays any associated fees

• Typical costs: Although cash sales usually incur fewer closing costs, sellers may still be responsible for paying transfer taxes, title insurance, escrow, or attorney fees.
• South Carolina’s transfer tax: In South Carolina, the seller is typically responsible for covering transfer taxes, although this is negotiable. South Carolina’s Deed Recording Fee is levied at a rate of $1.85 on realty values between $100 and $500 and an additional $1.85 for every $500 increment afterward.
• Minimizing fees: Many “We Buy Houses” companies will shoulder these costs, but their offers typically fall below market value.

Deciding to sell to Myrtle Beach cash home buyers

South Carolina is currently ranked second-best in the nation for real estate investment, meaning there’s an abundance of opportunity for sellers to obtain competitive cash offers. Especially if you value speed and convenience, this could be the right path for you.

Whether you decide to research buyers independently, collaborate with a qualified real estate agent, or explore a cash offer through Simple Sale, HomeLight provides access to highly rated professionals and essential resources. By tapping into Myrtle Beach’s dynamic investor market, we aim to streamline the selling process and help your home sale achieve a swift, seamless conclusion.

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.

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