17 min read Oct 01, 2022

7 Best Companies That Buy Houses for Cash in Minneapolis, MN

Cover - Companies That Buy Houses for Cash in Minneapolis, MN

» Jump To: Ranking | Reviews | Best “We Buy Houses for Cash” Companies | Understanding Cash Buyers | 🚩Scams | Should I Sell My House to a Cash Home Buyer? | Alternatives to Companies That Buy Houses | FAQs

Home prices in Minneapolis are rising by 1.2% every month, and with a 101.2% sale-to-list ratio, homes are selling slightly above the asking price. Minnesota’s housing market is sizzling hot for a cash sale even as 2022 continues to be a slow-moving market.

Companies that buy houses for cash in Minneapolis fall into two categories:

  • iBuyer Companies: Typically offer 70% to 100% of the property’s fair market value. iBuyers can have high service fees and don’t buy distressed or rented properties.
  • “We Buy Houses For Cash” Companies: Typically offer about 50% to 70% of the property’s fair market value. They have no service or closing fees. Cash home buyers in Minneapolis will also buy properties that are distressed or rented.

💰 Get Top Dollar Cash Offers on Your Terms: Major iBuyers, including Opendoor and cash buyers, submit offers on Houzeo properties. An MLS listing via Houzeo.com gives you maximum exposure. List NOW!

Ranking: 7 Best Companies That Buy Houses for Cash in Minneapolis, MN

CompanyPotential Offer Price*Service FeesClosing Time100% Online5-star Reviews**Mobile App
1. Houzeo.com100% of Market Value$349 Flat Fee7 to 60 days
2. Minnesota Home Guys30% to 70% of Market ValueNone7 to 21 days
3. We Buy Houses50% to 70% of Market Value6%-11% of Sale Price7 to 14 days
4. We Buy Ugly Houses50% to 70% of Market ValueNone7 to 30 days
5. Express Homebuyers70% to 80% of Market ValueNone7 to 60 days
6. HomeVestors50% to 70% of Market ValueNone7 to 30 days
7. ASAP Cash Home Buyers50% to 70% of Market ValueNone7 to 30 days

*An MLS listing via Houzeo exposes your home to the open market. The open market will almost always be more competitive than offering your house to a single potential cash home buyer.

** For 5-star customer reviews, ratings above 4.75 out of 5 stars have been considered. Houzeo has been rated 5.0 stars on Google Reviews and 4.9 stars on Trustpilot.

Reviews: 7 Best Companies That Offer Cash for Houses in Minneapolis, MN

1. Houzeo.com

🎖️ Max Exposure to Cash Buyers

Houzeo

  • Service Fee: $349 Listing Fee
  • Available in 80+ U.S. Markets
  • 5 Stars 4.9/5 (out of 4081 reviews)

Houzeo is the best option if you’re looking for multiple cash offers. An MLS listing via Houzeo.com provides exposure to the max number of cash buyers. This includes Opendoor and Homevestors, who have recently submitted cash offers on Houzeo.

  • Service Fee – $349: Houzeo does not charge a 5% service fee or any undisclosed closing fee.
  • Maximum Cash Offer: Your property will get max exposure to cash buyers via the MLS. This includes major portals like Zillow, Realtor.com, and Redfin. All local and national cash buyers, including iBuyers, will be aware of your listing and compete for it.
  • Types of Properties: On Houzeo Marketplace, you can market properties in any condition and sell your house as is.
  • Flexible Closing Date & Offer Terms: You can specify and negotiate the cash terms you want for your closing.
  • Nationwide Coverage: Houzeo is available in 47 states across the U.S. so you can market to local cash buyers almost anywhere.

👉 Our Take: For sellers looking to maximize their cash offers, we recommend Houzeo’s Gold plan. It will get you maximum exposure to cash buyers via the MLS. You will also have Houzeo’s advanced features to negotiate the best terms for your cash offer.

» Houzeo Reviews: Learn why Houzeo is America’s Real Estate Super App

  • Near Nationwide Coverage: Houzeo covers 47 states + DC.
  • No Listing Agent Commission: With Houzeo, you only pay a small flat fee to get access to the MLS and all the Houzeo tech
  • 100% online: Easy listing, fast changes, online showings, and online offers
  • Max Exposure: Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other real estate sites
  • Fast Listing: Rush listing option gets you listed within a business day with Houzeo Concierge. This is best to sell your house fast.
  • Real Estate On the Go: Houzeo Mobile App mimics most functionality of the Houzeo web platform, including Offers and Showings
  • 5-Star Customer Service: Superb support that minimizes Houzeo complaints
  • No Hidden Fees: There are no Houzeo hidden fees

» Is Houzeo Legit: Learn more about Houzeo.com’s locations and services

Houzeo has a stellar rating of 4.9 out of 5 stars, with reviews on popular sites like Google & Trustpilot.

» Houzeo Reviews: Check out what customers have to say about Houzeo.com!

Houzeo is available nationwide with coverage in 200+ markets.

The 6 Best “We Buy Houses for Cash” Companies in Minneapolis, MN

“We buy houses for cash” companies are conventional, fast cash home buyers. They make instant cash offers for houses and buy houses as-is in Minneapolis, even extremely distressed properties.

Usually a “franchise” network of real estate investors and local house flippers, “we buy houses for cash” companies offer as low as 30% of the home’s fair market value.

» More: How Do “We Buy Houses for Cash” Companies Work?

2. Minnesota Home Guys

STATEWIDE INVESTOR NETWORK

Minnesota Home Guys

  • Service Fee: None
  • 4.75 Stars 4.8/5 (Out of 97 reviews)

A full-service statewide investor network, Minnesota Home Guys, claims to make instant “win-win” cash offers on any property. The company helps homeowners get rid of a property – whether it’s facing foreclosure, death in the family, or a couple going through a divorce.

You may receive multiple cash offers from Minnesota’s local real estate investors.

  • Service Fee: None
  • Typical Offer: 30% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: Minnesota Home Guys offers cash for houses only for properties that pass their eligibility criteria.
  • Closing Date & Offer Terms: Minnesota Home Guys provides a flexible closing date, up to 21 days out. Their offer terms are pretty flexible, and there isn’t a need for an appraisal for the cash property sale.
  • Limited Coverage: Minnesota Home Guys only buy houses for cash in the Minneapolis area.

👉 Our Take: Minnesota Home Guys will help unload a property you don’t want anymore. Remember—cash buyers scour the MLS for properties, so an MLS listing via Houzeo.com increases the chances of competitive cash offers, unlike MN Home Guys’ private network.

  • Free, no-obligation offer for damaged properties or any land/lot you want to get rid off
  • Statewide vetted network of real estate investors
  • Closing costs covered by the company
  • No undisclosed fees or hidden costs
  • No need to prep the home for listing or worry about repairs
  • No appraisals needed for a cash offer on your property
  • Cash offers are 30% to 70% of the property’s fair market value – quite a lowball offer if you seek maximum cash for your house.

Minnesota Home Guys have a 4.8 out of 5 stars with 97 reviews on Google.

Minnesota Home Guys buy houses for cash in the Minneapolis area primarily.

3. We Buy Houses, Minneapolis

FAST CLOSING

We Buy Houses

  • Service Fee: None
  • Closing in 3 weeks
  • No credible reviews found.

Dealing with a cash buyer company like We Buy Houses (WeBuyHouses.com) is like selling your home to a local real estate investor. We Buy Houses “thoroughly” vets their investors before authorizing them to operate independent offices in their respective jurisdictions. This cash home buyer caters to distressed home sellers and is known to buy properties as-is.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All kinds of ugly houses, i.e., distressed properties with structural issues, couples going through a divorce, a death in the family, flawed mortgage financing, inherited homes, high-crime neighborhoods, etc.
  • Closing Date & Offer Terms: We Buy Houses provides a flexible closing date, up to 60 days out. Offer terms are inflexible, but you can try negotiating for a better cash offer and terms.
  • Near-Nationwide Coverage: WeBuyHouses.com pays cash for houses in 2,700 cities nationwide.

🚩 You Should Know: We Buy Houses is a pre-vetted real estate investor network and operates on a franchise model. Some franchisee offices may use controversial tactics to close the cash transaction.

👉 Our Take: We Buy Houses operates franchises with independent, pre-vetted, local real estate investors. The quality of service depends on your location, so it’s best to check the customer reviews of the local We Buy Houses franchise before requesting a cash offer.

» We Buy Houses Reviews: Everything you need to know about WeBuyHouses.com

  • Get an offer within two days & close in just seven days
  • Private network of pre-vetted real estate investors
  • Once an offer has been made, there is little to no space for negotiation.
  • Most homes get paid less cash than the fair market value.
  • Only interested investors will evaluate your home full cash offer will be made for your house.
  • We Buy Houses’ final cash offer is usually in line with the preliminary cash offer unless the appraiser deducts anything during the home inspection.

👎 Zero Customer Reviews: We Buy Houses has no customer reviews on popular review sites like Google or Trustpilot.

👍 Houzeo Reviews: Houzeo has a stellar rating of 5.0 stars on Google and 4.9 stars on Trustpilot.

We Buy Houses makes cash offers on houses in 49 states with 2,700 offices nationwide.

4. We Buy Ugly Houses, Minneapolis

NATIONWIDE COVERAGE

We Buy Ugly Houses

  • Service Fee: None
  • Closing in 3 weeks
  • 2 Stars  2/5 (out of 6 reviews)

We Buy Ugly Houses is a 20-year-old cash home buyer brand owned by HomeVestors. With a tried & tested business model of buying homes for cash, the company typically caters to distressed home sellers looking for cash offers. Each office is operated by a local real estate investor independently.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of ugly houses, i.e., distressed properties with structural issues, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Date & Offer Terms: We Buy Ugly Houses provides a flexible closing date, up to 30 days out. Offer terms are inflexible, and some franchisee offices may use controversial tactics to close the cash home deal.
  • Limited Coverage: We Buy Ugly Houses covers 1,100 cities.

🚩 You Should Know: We Buy Ugly Houses independently operates on a franchise model, so the quality of service you receive depends on your location. Research the customer reviews of the franchise in your locality before accepting any cash offers.

👉 Our Take: This home buying company is best for home sellers looking to close quickly and don’t expect a lot of cash for their house. Remember—an MLS listing on Houzeo.com will put you in front of cash buyers, increasing your chance of getting multiple offers.

» We Buy Ugly Houses Reviews: Everything you need to know about this cash buyer

  • Get a preliminary cash offer in 24 to 48 business hours and close within 3 weeks.
  • We Buy Ugly Houses decides the cash offer based on local market sales & housing trends.
  • No need to prep the home for listing or worry about house repairs.
  • Pays less than what sellers could net on the open market.
  • Quality of service varies between franchises.
  • Controversial tactics for closing the sale.
  • If you can negotiate well or have a desirable property, the final cash offer could increase, but we don’t have any hard data about this.

👎 Poor Customer Reviews: We Buy Ugly Houses has 2 out of 5 stars with 6 reviews on Yelp.

👍 Houzeo Reviews: Houzeo is rated 4.9 out of 5 stars, with a 4.9 rating on Trustpilot and a 5.0 rating on Google.

We Buy Ugly Houses offers cash for houses in 45 states in 1,100 locations nationwide.

» Companies That Buy Houses: Check out America’s top cash home buyers

5. Express Homebuyers, Minneapolis

As-Is Cash Home Buyer Network

Express Homebuyers

  • Service Fee: None
  • Express Homebuyers has 4.2 stars out of 5  4.2/5 (out of 105 reviews)

Express Homebuyers is a real estate investor network that makes all-cash offers on all types of properties, even condemned homes. This home buying company is best for home sellers that don’t wish to prep their homes or do repairs as they buy properties “as-is.”

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All houses, i.e., distressed properties with structural issues, condemned properties, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Date & Offer terms: Express Homebuyers doesn’t have strict offer terms and the company has purchased homes for cash in under 7 days, with up to 30 days out.
  • Limited Coverage: Express Homebuyers only offers cash for houses in 27 states.

👉 Our Take: If it covers your area, Express Homebuyers is great to unload an extremely distressed property. However, if your house needs minimal repairs only, then you should consider listing on the MLS.

» Express Homebuyers ReviewsIs there really no service fee?

  • Free, no-obligation offer for damaged properties as well
  • Express Home Buyers presents a cash offer within 24 hours.
  • Closing dates can be finalized on the owner’s terms.
  • Express Homebuyers partners take anything between 7-30 days to close the deal.
  • ExpressHomebuyers has no service fees, or closing costs.
  • You save repair costs as they offer all cash offers for “as-is” houses.

Express Homebuyers has a rating of 4.2 out of 5 stars on Google.

» Express Homebuyers ReviewCheck out exclusive Express Homebuyers customer reviews

6. HomeVestors, Minneapolis

NATIONAL CASH HOME BUYER

HomeVestors

  • Service Fee: None
  • Closing in 3 weeks
  • HomeVestors has 2.2 stars out of 5 2.2/5 (out of 5 reviews)

HomeVestors is a nationwide network of real estate investors operating franchise offices autonomously nationwide. This cash home buyer company is the parent brand of We Buy Ugly Houses and caters to distressed home sellers. Each office is operated by a local real estate investor independently.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of ugly houses, i.e., extremely distressed properties with structural issues, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Date & Offer Terms: HomeVestors provides a flexible closing date, up to 30 days out. Offer terms are inflexible, and depend on the local real estate investor of your region.
  • Limited Coverage: HomeVestors covers 45 states with 800 franchise offices.

🚩 You Should Know: HomeVestors is known for its lowball cash offers. Before requesting a cash offer from them, you should review the local home sales data and find the market value of your house. The final proceeds are around 50% to 55% of the home’s fair market value after the deduction of anticipated repair costs.

👉 Our Take: This cash buyer company is best for home sellers looking to unload an extremely distressed house quickly and don’t mind getting half of their home’s worth. Remember—an MLS listing on Houzeo.com will expose your property to nationwide cash buyers, and increase the chance of getting multiple offers.

» HomeVestors Reviews: Everything you need to know about the cash house buyer network

  • Get a preliminary cash offer in 24 to 48 business hours
  • HomeVestors decides the cash offer based on local market sales & housing trends
  • Close in as little as three weeks
  • No need to prep the home for listing or worry about repairs
  • Pays less than what sellers could net on the open market
  • Quality of service varies between franchises
  • Controversial tactics for closing the sale
  • If you can negotiate well or have a desirable property, the final cash offer could increase, but we don’t have any hard data about this.

👎 Poor Customer Reviews: HomeVestors has 2.2 out of 5 stars with 5 reviews on Better Business Bureau. Over the last three years, there have been ~30 HomeVestors complaints.

👍 Houzeo Reviews: Houzeo is rated 4.9 out of 5 stars, with a 4.9 rating on Trustpilot and a 5.0 rating on Google.

HomeVestors has near-nationwide coverage in 800 independently owned franchise offices in 45 states.

7. ASAP Cash Home Buyers, Minneapolis

LOCAL CASH BUYER

ASAP Cash Home Buyers

  • Service Fee: None
  • 3.5 Stars 3.75/5 (out of 3 reviews)

ASAP Cash Home Buyers started their journey in 2013. They help home sellers with their distressed properties and buy all types of residential real estate and empty lots. This reputable cash home buyer purchases houses regardless of their condition, location, or price while offering fair market value. They even refer their clients to credit and legal counseling services to make better decisions.

Note: They are not interested in properties like timeshares, hotels, or rental communities.

  • Service Fee: None
  • Typical Offer: 50% to 70% of the Fair Market Value (FMV)
  • Types of Properties Purchased: ASAP Cash Home Buyers offer cash on houses in any given condition.
  • Closing Date & Offer Terms: After buying your house, the turnaround time is as little as 24 hours. They also provide a flexible closing date.
  • Easy Home Selling Process: You don’t need to schedule a showing to sell your house. Simply complete the form to receive a cash offer the next day.
  • Coverage: They buy houses for cash nationwide.

👉 Our Take: They can be an ideal choice for home sellers who want to sell their homes in any condition for fair market value.

  • They buy your house as per your preferred date.
  • No undisclosed fees or hidden costs.
  • They buy houses in any condition.
  • Fill out their online form and sell your house.

ASAP Cash Home Buyers have a star rating of 3.75 out of 5 stars, with reviews on Google

ASAP Cash Home Buyers provides nationwide coverage. 

Are Companies That Buy Houses for Cash in Minneapolis, MN Legit?

Yes, companies that buy houses for cash or cash home buyers are legitimate and operate legally in Minneapolis, MN.

However, no industry is free from scammers or companies following the “malign practices” that exist in every industry. So, never pay any money while requesting an all-cash offer on your house.

Check customer reviews and inspect how the company operates before signing any property documents.

Understanding Companies That Extend Cash Offers on Houses in Minneapolis

Companies that buy houses in Minneapolis include institutional cash home buyer companies, local house flippers, and real estate investors. They make all-cash offers on homes and typically pay 70% to 90% of the home’s fair market value.

Cash buyer companies don’t negotiate the offer, thus leaving little room to get 100% of your home’s market value.

💲Cash for My HouseList on the open market with Houzeo.com and get 100% Fair Market Value of your property.

Types of Cash Home Buyers in Minneapolis, Minnesota

Trusted cash home buyers in Minneapolis help home sellers skip the hassle of listing on the MLS, marketing, home staging, etc. Two types of cash home buyers make cash offers on homes for sale:

1. “We Buy Houses for Cash” Companies: Lowball Cash Offers But Zero Service Fees

Ugly house buyers in Minneapolis buy distressed properties as-is and typically pay 30% to 70% of the home’s fair market value. We recommend “We Buy Houses for Cash” companies for homeowners with inherited homes that need extensive repairs, homes with structural issues or facing foreclosure, or the homes of couples going through a divorce.

Companies like HomeVestors and We Buy Houses are “franchise” networks of pre-vetted real estate investors. So, every office is operated autonomously by investors buying homes for cash. This network includes retail cash home buyers, local house flippers, and nationwide investors.

» More: How Does “We Buy Houses for Cash” Work?

2. iBuyers: Fair Cash Offers But Hefty Service Fees

Companies that buy homes for cash with instant non-negotiable offers are calculated based on the property’s location, house condition, required repair costs, calculating ARV (After Repair Value), etc. You get 70% to 90% of the home’s fair market value.

Unlike cash home buyers in Minneapolis, MN, that compare local sales data and rely on in-house experts, iBuyer companies use proprietary algorithms to compare millions of historical pricing trends to determine a competitive cash offer price. Opendoor offers the most cash compared to other iBuyers, while Offerpad is known for its fast closings.

» No iBuyer Offers Cash in Minneapolis: Unfortunately, there are no iBuying markets in Minneapolis, Minnesota. Alternatively, you can list your home on the MLS and market it to nationwide real estate investors paying cash for homes. List NOW!

How Do I Sell My House Fast for Cash in Minneapolis, MN?

Listing on the MLS is the fastest way to get instant offers in Minneapolis from “cash for houses” companies. Cash buyer companies and local real estate investors are always scouring the MLS for properties. So, if you want to sell your house fast for cash, you can consider the following tips:

  • Listing on the MLS
  • Pricing your home competitively
  • Offering a competitive buyer agent commission
  • Responding fast to inquiries, showings, and offers

» How Do I Sell My House Fast for Cash: Here’s a guide to help you sell your home fast.

🏡 All the Benefits and No Trade-offs


Houzeo is the fastest way to list on the MLS and get maximum cash for your house.


START YOUR MLS LISTING NOW

How Do “We Buy Homes for Cash” Companies Work in Minneapolis?

“We buy houses for cash” companies are cash buyers that purchase houses in any condition in Minneapolis and at a much lower rate than the market price. These real estate cash buyer companies mostly work offline, and their target audience is distressed home sellers.

Let’s take a look at how the home sale would be with a “We Buy Houses for Cash” company:

  • Step 1 – Share details about your house: Most cash buyer companies will collect basic information via phone or online. Sellers have to share location and property condition.
  • Step 2 – Review the preliminary cash offer: After an initial assessment of your property, the home-buying company will make a non-negotiable cash offer.
  • Step 3 – Complete a home inspection: An onsite visit is scheduled if you accept the initial offer price. A third-party inspector or a local firm representative will complete the onsite inspection. Your final offer will be modified proportionately if any essential repairs are required.
  • Step 4 – Accept the final cash offer: After adjusting repair costs and expenses, the cash home-buying company sends a final cash offer. You only need to accept, sign a purchase agreement, and schedule closing if it satiates your ideal requirements.
  • Step 5 – Close on your schedule: “We Buy Houses for Cash” companies can pace up the process and provide more flexibility on timing. You don’t have to wait for a bank to subscribe to a mortgage. In some cases, you may be able to close just within ten days.

How Much Do Minneapolis Cash Home Buyers Pay?

Companies that buy homes for cash in Minneapolis often use the 70% rule.

So, they’ll pay no more than 70% of your home’s market value. Sometimes, home repairs are required, and some cash buyer companies deduct these overhead expenses from your sale proceeds.

Cash Offer = (Market Value of Your House x 70% Offered) – Repairs Costs

Let’s say your home is worth $300,000 at fair market value but needs $25,000 in repairs. Then, you might expect a cash offer of only $185,000 from the cash home buyer companies.

You can wait and list your home with a professional real estate agent if you have a capital of $25,000 to spend on repairs. There’s also the open market, where you might be able to locate a deal worth as much as or more than your home’s current market value.

Some cash home buyers in Minneapolis, MN, are willing to pay less than 70% of the home’s value after renovations/repairs. However, we recommend requesting cash offers from multiple cash home buyer companies, with no obligation to close with them.

    👉 IMPORTANT: Even if your property is eligible for iBuyers, it’s always a good idea to get an estimate from a local realtor to find out how much your home could sell for on the open market.

💲Market to the Biggest Pool of Cash Home Buyers!


Houzeo is the fastest, high-tech way to get on the MLS and sell to cash home buyers.


Start Your FREE Listing NOW!

“We Buy Houses for Cash” Companies in Minneapolis: Pros and Cons

✅ Pros

  • Fast Cash Sale: In the traditional model, you have to list on the MLS and wait for potential buyers. With “We Buy Houses for Cash” companies, you get a cash offer within 24-48 hours of submitting details on their website.
  • Flexible Closing: “We Buy Houses for Cash” companies to move faster than others because there is no longer a need to wait for mortgage approval or listing paperwork. Many companies provide a one-month closing guarantee or up to two weeks.
  • No Service Fees: “We Buy Houses for Cash” companies acquire your home as-is and don’t charge any service fees. Their lowball offers are enough to recover profits by reselling your property after anticipated repairs.
  • No Upfront Costs: Whether they choose a traditional real estate broker or a Flat Fee MLS company, a home seller incurs costs while listing the house and prepping for sale. Since “We Buy Houses for Cash” companies acquire your home as-is, you don’t have to spend a dime. So, required repairs, curb appeal, upgrading furniture, and staging are some elite expenses you avoid when you choose companies that buy homes for cash.

❌ Cons

  • Non-negotiable Cash Offers: When dealing with “we buy houses for cash” companies, the deal is usually take-it-or-leave-it. Although there may be room for negotiation, you can’t expect more than 70% of the market value of your home. However, if you feel the company overlooked something important, some will allow you to make your case and submit additional evidence to support it, but most will be unwilling to budge on price.
  • Lowball Offers: “We buy houses for cash” companies generally pay 50% to 70% of the home’s fair market value, deducting all repair, utility, and re-selling expenses. Because they want to sell this home on the open market, they will offer you marginal prices so that they get a profit when they resell.

We Buy Houses for Cash Scams

Cash home buyers are legitimate, but there are scammers in every industry, and that’s how cash for houses scams work. Some common “cash for houses” scams are:

  • Fake “We Buy Houses for Cash” Ad: Scammers post signs and blast emails with a “we buy houses for cash” ad. Families in need of liquid cash or struggling to make their mortgage payments fall for this and end up signing property-related documents in a hurry to close the cash transaction. “Cash for houses” companies lease the property to a new tenant, and the owner is still responsible for making the mortgage payments while losing control of their house.
  • Re-assignment Clause in Listing Agreement: In some states, cash home buying companies have made home sellers sign a listing agreement with a “reassign” clause. Essentially, this means the seller is permitting somebody else to take control. Home sellers who fall into this trap lose the right to sell their own house!

⚠️ Don’t get lured by such deceptive cash home buyers: Thoroughly investigate the company before signing any legal documents related to your house.

Selling to Local Real Estate Investors in Minneapolis, MN

Selling to local real estate investors directly is an option if you don’t want to work with a cash home buyer in Minneapolis. Real estate investors are always searching for properties. These real estate cash buyers, also called retail cash house buyers, can be classified as:

  • House Flippers: buy a property, renovate, and resell the property on the open market.
  • Landowners or Landlords: buy a property, renovate and rent the property.

You can find such investors in Minneapolis, Minnesota, through online forums or in-person meetups. Real estate investors often purchase the property as-is and drive a hard bargain to acquire homes for less than the fair market value. So, it’s best to do a comparative price analysis and find how much your property is worth before you deal with local real estate investors.

🏘️ How to Flip a House: Is flipping houses still profitable in 2022’s slow market?

What About Selling My House Fast with a Minneapolis Real Estate Agent Instead?

It depends!

Listing on the MLS increases the chance of a competitive cash offer. However, opting for a real estate agent to get on the MLS would defeat the purpose of maximizing your cash offer.

Opting for a real estate agent in Minneapolis will not save your 6% commission and might be the worst option if you want to earn maximum cash. With Flat Fee MLS companies like Houzeo.com, listing your house on the MLS can be done effortlessly at just $349! You save on the 3% listing agent commission by selling your home as an owner.

✍️  Note: Cash home buyers like Opendoor and Offerpad have offered cash deals for properties listed on Houzeo.com.

💲Market to the Biggest Pool of Cash Home Buyers!


Houzeo is the fastest, high-tech way to get on the MLS and sell to cash home buyers.


Start Your FREE Listing NOW!

Should I Sell My House to Reputable Cash Home Buyers in Minneapolis, MN?

Most home buyers purchase homes with a mortgage. But, selling for cash will almost always net you between 10% to 30% less than a financed offer.

We recommend you sell for cash only in select circumstances.

  • If You are on a Severely Tight Timeline: If you’re going through a rough patch in your life, such as a divorce or an immediate move, cash home buyers or real estate investors can help you sell faster.
  • In Case You Need to Sell an Inherited Property: Selling to a company that buys houses for cash can be a viable option if you have a deceased relative’s property far away or in terrible shape.
  • You are in Urgent Need of Cash: If you’re in a hurry, facing foreclosure, and don’t want to keep your property, selling your house for cash could help you escape a credit impact.
  • You Own a Distressed Property: Most banks will not finance a property in poor condition. If your property is in poor condition, selling your house for cash is a good choice.

Listing on the MLS would be ideal if you can hang in for a while. With high-tech FSBO sites like Houzeo.com, you can start your listing process on any device and finish all the paperwork seamlessly.

💲Market to the Biggest Pool of Cash Home Buyers!


Houzeo is the fastest, high-tech way to get on the MLS and sell to cash home buyers.


Start Your FREE Listing NOW!

Alternatives to Companies That Buy Houses in Minneapolis, Minnesota

1. Listing Your Home with Flat Fee MLS Service

Listing with a Flat Fee MLS Minnesota service gets your property on the market within just 24-48 hours. Thus, Flat Fee MLS is the best way to sell your house fast, having 4 significant benefits:

  • MLS is the fastest way to hit the market, plus your listing is syndicated to Zillow, Realtor.com, etc.
  • Your property listing gets maximum exposure.
  • You can negotiate all offers.
  • You skip paying commission or service fees.

👉 Sell Flat Fee MLS via Houzeo: We recommend Houzeo if you want to list and sell your house fast!

2. Hiring a Top Real Estate Broker

Top real estate brokers have the expertise to help you sell your property fast within a set timeline. So, most of the work is handled by the broker, which makes home selling hassle-free.

But the downsides are just as huge. Best realtors will charge between 5% to 7% commissions. That amounts to thousands of dollars in commission you will be paying. Additionally, with local realtors in Minneapolis, you may get no technology tools, and their service quality can be unpredictable.

👉 We recommend selling with a real estate broker only if you are not tech savvy or concerned about FSBO paperwork

3. Sell By Owner

Selling your home purely For Sale By Owner implies that you won’t get access to the MLS. So, you market your property, conduct market research, handle offers, manage showings, etc., all by yourself.

 77% of FSBO home sellers closed on their homes within two weeks because the homes were sold to someone the seller knew. The most significant disadvantage of selling with no MLS or tech support is that you probably may not be able to sell your home quickly.

👉 We recommend selling FSBO if you have a buyer lined up to buy your property.

Eager to Know How Houzeo Works?

We’ve got you covered. Check out the following video to understand how Houzeo works and why it is the best FSBO and Flat Fee MLS platform in America.

What is Houzeo?

An overview of what the platform is all about

Start Your MLS Listing NOW!

» NEED MORE CLARITY? Read these exclusive Houzeo reviews and learn why the platform is the best in America’s competitive housing market.

Frequently Asked Questions

1. How do you sell a house to a Minneapolis cash buyer?

In most cases, you must enter your classified info via an online portal or a telephone chat. Following that, you must schedule an inspection and receive a final cash offer. Once you've decided to accept the offer, you can usually select your own closing date.

2. What is the fastest way to sell a house in Minneapolis,MN?

The best options to sell your house fast:
1. You can sell your house quickly using MLS listing companies like Houzeo.
2. FSBO (For Sale By Owner)
3. Sell to cash home buying company

3. How long does a cash sale on a Minneapolis house take?

In less than two weeks, typically. It depends on the cash house buyer and the specific situation.

4. How do I sell my house "as is" in Minneapolis, MN?

If you wish to sell your house "as is",you must specify in your ad that you are not willing to do any repairs. It's as simple as inserting "as is" in the MLS listing description of your home.

5. Why is a cash offer better in real estate ?

All Cash offers are very appealing as they close faster and beneficial for sellers who want to sell their home fast. There fewer risk than mortgage-contingent offers which leads to delays and denials.

6. How long does a cash sale on a house take?

It varies for every house, but typically a full cash house sale completes within 14 business days. iBuyers offer to close within as quick as 7 business days.

7. What are closing costs for a cash buyer?

As a homebuyer, you can expect to pay 3%-6% of the home's purchase price on closing costs, but that number can be as low as sub-1% or as high as 4+%, depending on the state.

Resources for Selling Your Minnesota Home

Thumbnail - Seller's Disclosure in Minnesota

Minnesota’s Seller’s Disclosure Requirements

A seller disclosure form is a standard checklist form mentioning material defects and features of the property. Read our guide to know your disclosure obligations in Minnesota.

Thumbnail - Seller Closing Costs in Minnesota

What Are the Seller Closing Costs in Minnesota?

Home sellers incur costs over and above the property’s purchase price to complete the transaction. Find the seller’s closing costs for your house.

Thumbnail - Selling a house in Minnesota

Selling a House in Minnesota

Selling your house involves various steps like pricing, marketing, negotiating, paperwork, etc. Check out our comprehensive guide for selling your house in Minnesota.

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