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

Inside the Sacramento cash home buyers market

While real estate investors are some of the most common cash buyers, they aren’t the only option. Here are a few other examples of buyers who will pay cash for your Sacramento property.

New residents

Sacramento has seen a boom in transplants from San Francisco or other expensive Bay Area cities or those just looking to commute into the Bay Area from a cheaper city. These buyers are often willing to pay cash and move in quickly—particularly as mortgage rates increase and Sacramento home prices rise.

Baby Boomers

• In February 2024, 33% of U.S. homebuyers made all-cash purchases, the highest percentage in almost ten years, based on the Realtors® Confidence Index Survey.
• Younger Boomers (born 1955–1964) represented the largest group of home sellers last year, comprising 26%.
• Many older buyers are opting to buy homes without taking out mortgages.
• Over half of Older Boomers (born 1946–1954) paid cash for their home purchases in 2023.
• 53% of homebuyers from the Silent Generation (born 1925–1945) also bought their homes with cash.
• 32% of Younger Boomers used all cash for their home acquisitions.
• In your listing description, focus on features like a first-floor primary suite, low-maintenance outdoor spaces, or wide doorways and hallways to attract Baby Boomer buyers.

Property investors

Homeowners in Sacramento are more likely to find success selling to property investors rather than traditional buyers paying cash. These investors include institutional buyers, house flippers, buy-and-hold investors, wholesale investors, and iBuyers. Sacramento’s housing market attracts a large number of real estate investors, making it easier for homeowners to secure cash offers.

Pros of working with a Sacramento cash home buyer

Cash offers come with their own set of benefits. Here are some of the main reasons to sell your property for cash, rather than seek a traditional buyer:

• Quick closings: Cash transactions can close in as few as 10 days, allowing you to move on without the usual delays associated with mortgage approvals.
• No contingencies: Cash buyers often waive common contingencies like financing and inspections, simplifying the sales process and reducing the risk of the deal falling through.
• As-is purchase: Selling your home as-is means you won’t need to make costly repairs or renovations before the sale, saving you time and money.
• Simplified paperwork: With fewer parties involved and no mortgage documents to handle, the paperwork in a cash sale is often more straightforward, making the process easier to manage.

How much are Sacramento cash home buyers willing to pay?

In exchange for speed and convenience, cash sellers often receive below-market value. The 70% rule in house flipping means buyers typically offer 70% of the home’s after-repair value minus repair costs. You will never receive market value for your home if you sell for cash, though the process is generally much faster.

Sacramento’s competitive housing market might lead to offers closer to market value when demand is high. However, in a slower market, expect cash offers to be lower.

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

If you’re looking for speed and simplicity, a cash home sale may be right for you. Here’s a breakdown of how the process generally works:

Complete any required disclosure statements

• Disclosure requirement: When selling your home in Sacramento, you are required to disclose certain information about the property’s condition through the California Transfer Disclosure Statement.
• Content: This document includes details about the structure, systems, and any known defects, ensuring transparency and protecting both parties during the transaction.
• We Buy Houses companies: If you’re working with a Sacramento “We Buy Houses” company, they will likely prepare all necessary documents for you, including this one. However, you can speed up the process by filling it out beforehand.

The buyer runs a title search on the property

• Title verification: The cash buyer will verify the property’s title to ensure you have legal ownership and to check for any liens or claims that could prevent a smooth sale.
• Common issues: Title issues can include boundary disputes, unknown easements, undisclosed heirs, public record errors, and forgery.

The seller pays any associated fees

• Fewer closing costs: A cash sale typically has fewer closing costs than a traditional home sale, but sellers may still have to pay some costs.
• Associated fees: These can include transfer taxes, title insurance, escrow fees, and attorney fees.
• California transfer tax: In California, the transfer tax varies but generally costs the seller based on the sale price.
• Avoiding closing costs: If you’re looking to avoid closing costs altogether, “We Buy Houses” companies often pay them for you in exchange for an offer that’s below market value.

Deciding to sell to Sacramento cash home buyers

Remember, selling for cash means getting a lower offer for your home than the traditional market. The trade-off is that your home can sell in less than a week rather than several months.

Homeowners have a good chance of selling for cash, as Sacramento remains a popular city for real estate investment. Whether you decide to compare buyers yourself, enlist the help of a real estate agent, or request an offer from Simple Sale, HomeLight can connect you with top professionals and valuable resources.

Header Image Source: (Aiden Frazier / Unsplash)