From Salt Lake City to West Jordan, Utah’s housing market is experiencing a major shift. Home buyer demand has fallen sharply, and interest rates have reached record highs.
But even in this market, cash home buyers continue to purchase homes at an increasing pace. Cash buyers scour the MLS for properties. So if you are looking for a cash offer, you need to list your house on the MLS.
For home sellers, companies that buy houses for cash in Utah are much more attractive than buyers with financing. Cash buyers offer certainty of sale, often eliminating home inspections and the hassle of lender approvals.
Cash buyers in Utah also make instant offers, allowing you to close at your convenience with flexible closings.
🚀 The Rise of All Cash Offers
- Cash is King: 31.2% of Americans sold their homes for cash in December 2022, compared to 25.3% in all of 2020. This number is expected to rise in 2023 as financing becomes more expensive.
- iBuyers are Not a Viable Option: iBuyers have either shut down or have suffered massive losses. Our analysis suggests that iBuyers will offer much less than Fair Market Value (FMV) for your home in 2023 and 2024.
- Who Will Buy My House for Cash in Utah: A cash marketplace like Houzeo.com is a great option to get multiple cash offers for your property. Opendoor and Utah House Buyers are also good options.
Not all companies that buy houses for cash are the same. Some companies can get you 100% of your property’s fair market value, while others may offer as low as 50%.
We’ve ranked the best cash home buyers in Utah so you can sell your house fast for cash.
Reviews: 7 Companies That Buy Houses for Cash in Utah
1. Houzeo.com
Max Exposure to Cash Buyers
Houzeo
Houzeo is the best option if you’re looking for multiple cash offers. Your MLS listing will be exposed to local and national cash buyers. In an attempt to win your property, investors could make multiple cash offers for your home.
- Service Fee – $349: Houzeo does not charge a 5% service fee or any undisclosed closing fee.
- Typical Offer: Up to 100% of your property’s fair market value (FMV).
- Eligible Properties: On Houzeo Marketplace, you can market properties in any condition and sell your house as is.
- Closing Offer Terms: You can specify your preferred closing date and the closing offer terms.
👉 Our Take: For sellers looking to maximize their cash offers, we recommend Houzeo’s Gold plan. You will have access to Houzeo’s advanced features to negotiate the best terms for your cash offer.
Houzeo is a real estate marketplace and America’s #1 Flat Fee MLS service because of 4 reasons:
- Max Exposure: Houzeo MLS packages give you access to the MLS and 100s of websites like Zillow, Trulia, Realtor.com, Redfin, etc.
- 5-Star Customer Service: Houzeo has a fully staffed customer service desk available 6 days a week. Chats and emails are open 7 days a week.
- 100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers. Houzeo Mobile App is also very powerful.
- No Listing Commission: In most states, you’ll be paying just a small flat fee to list on MLS. Houzeo covers 47 states + DC! And remember, all fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the listing agent commission!
There are no dealbreakers with Houzeo. Check out the blog on Houzeo pros and cons.
» Houzeo Reviews: Houzeo is rated “Excellent” with a 4.9 out of 5-star rating by 4,523 home sellers on Google and Trustpilot!
Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.
With a typical cash buyer, you only get an offer from that specific cash house buyer. Because there is no competition, that typical cash buyer will only offer 30% to 70% of your property’s value.
Houzeo is America’s most advanced real estate marketplace. If you list on the Houzeo marketplace, your listing gets exposed to Utah home buyers and national cash buyers via the MLS.
This increased competition for cash offers for your house will ensure you get up to 100% of your property’s value.
» Utah Flat Fee MLS: List your home for a flat fee and attract UT house cash buyers!
2. Opendoor
BIGGEST IBUYER
Opendoor
Opendoor is the country’s biggest iBuyer. They offer fast cash for homes and flexible closing timelines. Opendoor makes competitive offers, but these are far less than your property can get on the open market.
- Service Fee: 5% of Home Sale Price
- Typical Offer: 70% to 100% of Fair Market Value (FMV)
- Types of Properties Purchased: Opendoor offers cash for houses only in desirable neighborhoods. If your property needs minimal repairs, Opendoor is an option for you. Otherwise, you may not even receive a preliminary cash offer from Opendoor.
- Closing Date & Offer Terms: Opendoor provides a flexible closings, with dates up to 45 days out. Opendoor’s offers are not flexible, and final terms may change after home inspection.
- Limited Coverage: Opendoor only covers 51 markets.
🚩 You Should Know: For the ease of a fast cash offer and flexible closing, you may pay up to 13% of your home’s sale price in service fees. Opendoor’s final cash offer is calculated after deducting home repair costs and closing costs.
👉 Our Take: Opendoor could be the best company to sell your house fast if they purchase properties in your zip code. Remember—an MLS listing on Houzeo.com will automatically put you in front of Opendoor and other iBuyers for an instant cash offer.
» Opendoor Reviews: Everything you need to know about America’s biggest iBuyer
- Excellent for experienced home sellers with desirable properties
- The repair cost breakdown isn’t disclosed in the offer
- Not suitable for first-timers or FSBO sellers
- The sales process may feel rushed, and the home seller has negligible control over the sale
- The difference between Opendoor’s preliminary offer vs. final offer can be humongous
- Home sellers receive cash offers within 24-48 hours, only on the properties that are in Opendoor’s coverage.
Opendoor has an average rating of 4.4 out of 5 stars on Reviews.io.
» Opendoor Review: Is Opendoor the best cash home buyer in 2023?
👎 Limited Coverage: Opendoor offers cash for houses only in 51 markets, and some of the top markets are Boston, Albuquerque, Cincinnati, Indianapolis, Birmingham, Modesto & Stockton, Galveston, Miami, San Francisco, San Jose, etc.
👍 Rankings of Local Cash Buyers: In case Opendoor doesn’t cover your zip code, you can consider local companies that buy houses for cash:
- We Buy Houses for Cash in Alabama
- We Buy Houses for Cash in Arizona
- We Buy Houses for Cash in California
- We Buy Houses for Cash in Florida
- We Buy Houses for Cash in Georgia
- We Buy Houses for Cash in North Carolina
- We Buy Houses for Cash in Ohio
- We Buy Houses for Cash in Tennessee
- We Buy Houses for Cash in Texas
Opendoor offers a simple, convenient platform to request cash for your home. However, Opendoor’s service fees can be as high as 5% of your home’s sale price. The repair cost breakdown is not disclosed in the closing statement.
In 2023’s slow real estate market, Opendoor may not be the best option to sell your home. Their offer will be below the fair market value of your property.
» Offerpad vs. Opendoor: Compare the two iBuyers before requesting a cash offer on your house.
3. Utah House Buyers LLC
Local Cash home Buyer
Utah House Buyers LLC
Utah House Buyers LLC is a real estate investment company that specializes in buying houses as-is for cash. The company consists of licensed agents in the state but they don’t engage in listings or representing buyers and sellers.
- Service Fee: None
- Typical Offer: 50% to 70% of Fair Market Value (FMV)
- Eligible Properties: 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 Offer Terms: Utah House Buyers LLC takes anything between 7 – 30 days to close the deal.
👉Our Take: Utah House Buyers LLC is for home sellers looking to sell their homes in as-is condition. However, an MLS listing will put you in front of multiple buyers offers.
- Instant Offers: You get a free, no-obligation offer within 24 hours for damaged properties as well.
- Flexible Closing: Closing dates can be finalized on the owner’s terms.
- No Additional Costs: There are no service fees, no commissions, and they even pay the closing costs.
- Sell As-Is: You save on repair costs as they offer all cash offers for houses as-is.
In our research, we came across some drawbacks of Utah House Buyers LLC:
- Non-Negotiable Offer: Utah House Buyers LLC will not offer more than 70% of your property’s fair market value. After a thorough home inspection, they quote an offer based on the after-repair value.
Utah House Buyers LLC has a rating of 4.6 out of 5 stars from 96 Reviews on Google Reviews.
Utah House Buyers LLC is a local cash home buyer. They have coverage only in and around the areas of Utah.
They have sufficient experience and customer reviews. However, you will only get a lowball offer as compared to multiple offers you can get through an MLS listing.
4. Express Homebuyers
As-Is Cash Home Buyer Network
Express Homebuyers
Express Homebuyers is a real estate investor network that makes all-cash offers on houses. They specialize in dealing with sellers who don’t wish to make repairs and want to sell “as-is.”
- Service Fee: None
- Typical Offer: 50% to 70% of Fair Market Value (FMV)
- Eligible Properties: Distressed properties with structural issues, condemned properties, bad mortgage financing, inherited houses, etc.
- Closing Offer Terms: Express Homebuyers purchases homes in under 7 days, or a convenient date of your choice.
👉 Our Take: 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 Reviews: Is there really no service fee?
- Fast Cash Offer: Express Homebuyers presents a preliminary cash offer within 7 minutes!
- No Obligations Offers: You will get a free, no-obligation offer for your property even damaged ones.
- Near Nationwide Coverage: Express Homebuyers offers cash for houses in almost all states, including top states like California, Texas, and Florida.
- Flexible Closing Date: Closing dates can be finalized as per the owner’s terms.
- No Additional Charges: Express Homebuyers has no service fees, they even pay the closing costs.
- Sell As-Is: You save on repair costs, and sell your house as-is.
» What is Express Homebuyers? Read our in-depth analysis of Express Homebuyers.
- Poor Customer Support: Previous clients have complained about their lack of communication and half-hearted responses.
- Non-Negotiable Offer: Express Homebuyers will not offer more than 70% of your property’s fair market value.
Express Homebuyers has a rating of 4.2 out of 5-star with 112 reviews on Google Reviews.
» Express Homebuyers Review: Check out our exclusive reviews of Express Homebuyers.
Jud Allen and Brad Chandler found Express Home Buyers in 2003. Though they are available in 27 states and DC, they are based in Springfield, VA.
Express Home Buyers is a cash home buyer with over 20 years of experience. However, they have poor customer support which can delay your sale.
» Sell Your House Fast for Cash: Check out other ways you can sell your house quickly.
5. House Cashin
CASH HOME BUYER
House Cashin
House Cashin is an online platform that connects home sellers to credible real estate investors and other parties. You can receive multiple cash offers on your property within 24 hours.
- Service Fee: None
- Typical Offer: 50% to 70% of Fair Market Value (FMV)
- Eligible Properties: All types of distressed properties including damaged houses, inherited properties, and homes facing foreclosures, etc.
- Closing Offer Terms: Once you accept an offer from an investor, they close within 3 to 30 days.
👉 Our Take: House Cashin is a company that connects homeowners with potential buyers. Since there are multiple offers, you can pick one at your convenience.
- Competitive Cash Offers: House Cashin can provide up to 5 no-obligation all-cash offers on your property within 24 hours.
- Nationwide Coverage: House Cashin offers its services in all 50 states and Washington D.C.
- Zero Service Charges: No commissions or closing costs.
- Sell As-Is: You can save on repair costs and sell your house as-is.
» House Cashin Pros and Cons: Learn more merits and demerits of House Cashin.
In our research, we came across some dealbreakers with House Cashin.
- Inconsistent Quality of Service: The offers made on your property via House Cashin are by local real estate investors. The service quality will differ based on the independent investor you are dealing with.
- Non-Negotiable Cash Offers: Although you receive multiple offers, no investor may offer more than 70% of your property’s fair market value. Even if your property isn’t distressed, they will rarely budge on the offer price.
House Cashin has 4.6 out of 5 stars on Trustpilot.
» House Cashin vs. Houzeo: Read further to know why Houzeo is better than House Cashin.
House Cashin is an online platform that connects home sellers with real estate investors interested in buying property. They offer their services across all 50 states.
House Cashin provides up to 5 competitive, all-cash offers on your property. Once you choose from the proposed offers, the investor will close on your property within 3 to 30 days.
» How to Request Highest and Best Offers? Check out our video on how to procure the best potential offer in a multiple-offer situation.
6. We Buy Houses
QUICK AND EASY SALES
We Buy Houses
WeBuyHouses.com is a pre-vetted real estate investor network. We Buy Houses “thoroughly” vet their investors before authorizing them to operate independent offices in their respective jurisdictions.
- Service Fee: None
- Typical Offer: 50% to 70% of Fair Market Value (FMV)
- Eligible Properties: Distressed properties with structural issues, relocation of the homeowner, couples going through a divorce, a death in the family, flawed mortgage financing, inherited homes, high-crime neighborhoods, etc.
- Closing Offer Terms: We Buy Houses provides a flexible closing date, up to 60 days out. Offer terms are inflexible.
👉 Our Take: We Buy Houses operates on a franchise model, so the quality of service may differ. You should check the reviews of the local franchise before requesting cash for your home.
- Fast Cash Offers for Houses: You will typically receive WeBuyHouses.com’s initial cash offer within two days.
- Zero Service Fees: WeBuyHouses doesn’t charge any service fee in exchange for the convenience of selling your home for cash
- Fast Closing: We Buy Houses.com will close in just seven days after you accept their cash offer.
- Firm Cash Offer: We Buy Houses Com’s cash offer is usually in line with the preliminary cash offer unless the inspector identifies major flaws during the home inspection.
- Broad Coverage: We Buy Houses makes cash offers on properties in 200 markets in over 30 states. WeBuyHouses com has 2,700 offices nationwide.
- Zero Upfront Expenses: When selling to WeBuyHouses Com, you don’t need to prep the home or worry about repairs.
» What is “We Buy Houses”? To know more about them check this out.
In our research, we came across some dealbreakers with We Buy Houses.
- Lowball Cash Offer: We Buy Houses investors may put in lowball cash offers around 50% to 70% of the fair market value. This is lower than what you can get on the open market.
- WeBuyHouses.com is Not 100% Online: WeBuyHouses has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. We Buy Houses does not offer a mobile app.
- Non-Negotiable Cash Offers: A ‘We Buy Houses’ investor may not offer more than 70% of your property’s fair market value. Even if your property isn’t distressed, they will rarely budge on the offer price.
- Inconsistent Quality of Service: When you sell to a cash buyer franchise like WBH, you sell your house to a local real estate investor. The service quality will differ based on the independent investor you are dealing with.
» WeBuyHouses.com vs. Houzeo: Learn why Houzeo is better than “We Buy Houses”.
We Buy Houses has 2.6 stars out of 5 on Better Business Bureau from 5 customer reviews.
» webuyhouses.com reviews: Check this out to know more about them.
WeBuyHouses.com is a private, pre-vetted network of real estate investors. We Buy Houses’ investors will buy properties as-is for cash.
If your property is inhabitable and only needs some cosmetic repairs, you should consider making repairs. Nationwide investors scour the MLS for fix-and-flip homes, so you might get a competitive cash offer.
» Flat Fee MLS Utah Listing Services: List your home on the open market with a local Utah flat fee service.
7. We Buy Ugly Houses
NATIONWIDE COVERAGE
We Buy Ugly Houses
We Buy Ugly Houses is a 20-year-old cash home buyer franchise. Independent real estate investors own and run each franchisee office. The parent company trains the franchisee but doesn’t micromanage their cash home-buying preferences. The brand, We Buy Ugly Houses is owned by HomeVestors.
- Service Fee: None
- Typical Offer: 50% to 70% of Fair Market Value (FMV)
- Eligible Properties: Ugly homes with structural issues, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
- Closing Offer Terms: WeBuyUglyHouses provides a flexible closing date, up to 30 days out. Offer terms are subject to change based on the local franchisee office.
👉 Our Take: We Buy Ugly Houses is best for sellers who want to unload their distressed houses quickly. You shouldn’t expect more than 70% of your property’s market value.
- Fast Cash Offers for Homes: WeBuyUglyHouses.com will share a preliminary cash offer for your property in 24 to 48 business hours.
- Zero Service Fees: WeBuy Ugly Houses doesn’t charge any service fee in exchange for the convenience of selling your home for cash.
- Fast Closing: We Buy Ugly Houses.com will close in just seven days after you accept their cash offer.
- Firm Cash Offer: We Buy Ugly House’s cash offer is usually in line with the preliminary cash offer unless the inspector identifies major flaws during the home inspection.
- Wide Coverage: We Buy Ugly Houses offers cash for homes in 1,100 locations across 45 states.
» We Buy Ugly Houses Review: How does WeBuyUglyHouses.com calculate your cash offer?
In our research, we found some issues associated with We Buy Ugly Houses.
- Lowball Cash Offer: We Buy Ugly Houses pays less than what sellers could get on the open market. The cash offer is around 50% to 70% of the property’s fair market value.
- WeBuyUgly Houses.com is Not 100% Online: We Buy Ugly has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. They don’t even have a mobile app.
- Non-Negotiable Cash Offers: We Buy Ugly Houses will not offer more than 70% of your property’s fair market value. They rarely increase the price quoted in the initial cash offer.
- Inconsistent Quality of Service: When you work with house buyers like WeBuy UglyHouses, you sell your house to a local real estate investor. The service quality will differ based on the independent investor you are dealing with.
We Buy Ugly Houses has 1.6 out of 5 stars with 8 reviews on Yelp.
» We Buy Ugly Houses Complaints: Check what customers say about WeBuyUglyHouses.com.
We Buy Ugly Houses, a trademark of “HomeVestors”, operates on a franchisee model. Local investors or those flipping houses in the U.S. are the owners of these franchises.
Each WeBuyUglyHouses franchisee has its own rules, so the cash offer terms and service quality may not be consistent.
iBuyers That No Longer Offer Cash for Utah Homes
- Zillow Offers: Zillow, the biggest real estate marketplace, started its iBuying arm in 2018. After losing $881M while over-paying cash for properties, in November 2021, Zillow stopped buying houses. Check out the story of the fall of Zillow Offers.
- RedfinNow: Redfin, the biggest discount real estate broker in the U.S., entered the home-flipping business with RedfinNow in 2017. In November 2022, RedfinNow shut down due to increasing operating costs.
Are Companies That Buy Houses for Cash in Utah Legit?
Yes, companies that buy houses for cash in Utah or cash house buyers are legitimate and operate legally nationwide.
🚨 Cash for Houses Scams: Remember to inspect how the cash company operates before you sign any real estate contract. A legitimate home buyer will never ask you to pay cash!
Types of Cash Home Buyers
Companies that buy homes for cash in Utah help home sellers skip the hassle of listing on the MLS, marketing, home staging, etc. The four types of cash home buyers are:
- “We Buy Houses for Cash” Companies: The “fix-and-flip” house cash buyers that buy distressed properties, make repairs, and sell on the open market. Utah home buyers pay 30% to 70% of the home’s fair market value and don’t have any service fees or closing costs.
- iBuyers: Home-buying companies that use proprietary algorithms and determine a cash offer for your house. In 2023, iBuyers in Utah will offer ~70% to 80% of the fair market value.
- Buy-and-Hold Cash Buyers: A buy-and-hold cash buyer in Utah will convert a distressed house into a rental property. They do not sell the upgraded property for a one-time profit and will enjoy a steady source of income.
- Home Trade-In Services: A home trade-in company will offer cash on your house to help you buy another property. They fund your next house while you sell the one you’re living in.
- 🏚️ Selling a Home in Poor Condition in Utah: We recommend “We Buy Houses for Cash” companies if your property is in bad shape. If the property only needs cosmetic repairs, you should list your home on Utah MLS. You can get up to 100% of the fair market value on the open market!
iBuyers That No Longer Offer Cash for Utah Homes
- Zillow Offers: Zillow, the biggest real estate marketplace, started its iBuying arm in 2018. After losing $881M while over-paying cash for properties, in November 2021, Zillow stopped buying houses. Check out the story of the fall of Zillow Offers.
- RedfinNow: Redfin, the biggest discount real estate broker in the U.S., entered the home-flipping business with RedfinNow in 2017. In November 2022, RedfinNow shut down due to increasing operating costs.
Are Companies That Buy Houses for Cash in Utah Legit?
Yes, companies that buy houses for cash in Utah or cash house buyers are legitimate and operate legally nationwide.
🚨 Cash for Houses Scams: Remember to inspect how the cash company operates before you sign any real estate contract. A legitimate home buyer will never ask you to pay cash!
Types of Cash Home Buyers
Companies that buy homes for cash in Utah help home sellers skip the hassle of listing on the MLS, marketing, home staging, etc. The four types of cash home buyers are:
- “We Buy Houses for Cash” Companies: The “fix-and-flip” house cash buyers that buy distressed properties, make repairs, and sell on the open market. Utah home buyers pay 30% to 70% of the home’s fair market value and don’t have any service fees or closing costs.
- iBuyers: Home-buying companies that use proprietary algorithms and determine a cash offer for your house. In 2023, iBuyers in Utah will offer ~70% to 80% of the fair market value.
- Buy-and-Hold Cash Buyers: A buy-and-hold cash buyer in Utah will convert a distressed house into a rental property. They do not sell the upgraded property for a one-time profit and will enjoy a steady source of income.
- Home Trade-In Services: A home trade-in company will offer cash on your house to help you buy another property. They fund your next house while you sell the one you’re living in.
- 🏚️ Selling a Home in Poor Condition in Utah: We recommend “We Buy Houses for Cash” companies if your property is in bad shape. If the property only needs cosmetic repairs, you should list your home on Utah MLS. You can get up to 100% of the fair market value on the open market!
Top “We Buy Houses in Utah” Companies Near You
1. Salt Lake City, UT | We Buy Houses for Cash in Salt Lake City, UT |
How Do Companies That Buy Houses for Cash Work?
“We buy houses for cash” companies buy Utah houses “as-is” at much lower than the market value. They mostly work offline. Let’s look at the steps involved when you sell your house to a “We Buy Houses for Cash” company:
- Share Your Property Details: Cash buyer companies in UT will collect basic information like the location and condition of your property. You can share this via phone or their website.
- Review the Preliminary Cash Offer: The “cash for homes” Utah company will make an offer after comparing similar properties in the area. Typically it is 30% to 70% of the home’s fair market value.
- Complete a Home Inspection: Utah home inspectors will perform an inspection if you accept the initial offer. After adjusting repair expenses and holding costs, the cash house-buying company will send a final offer.
- Accept the Final Cash Offer & Close: If the Utah home cash buyer’s final cash offer matches your expectations, then you can finalize the closing timeline.
» Sell My Utah House Fast: Check out 5 ways to sell your Utah house fast in 2023.
How Much Do Utah “We Buy Houses Cash” Companies Pay?
Companies that pay cash for houses in Utah use the 70% ARV rule.
Suppose your home is worth $300,000, and you have a defective roof that will cost $25,000 in repairs. So, you can expect a cash offer of about $185,000.
The 70% ARV Rule: Utah house buyers will never pay more than 70% of the property’s fair market value. They have to repair and renovate the acquired homes. The overhead expenses are deducted from your home sale proceeds.
» How Much are Closing Costs for Seller in Utah: Find home sale proceeds from selling your house in Utah.
“We Buy Houses for Cash” Utah: Pros and Cons
The biggest benefit of Utah cash buyers is their speed and convenience. Selling a house for cash will almost always net you 10% to 30% less than a financed offer though. Let’s look at the pros and cons of selling a home to a cash home buyer:
✅ Pros
- Fast Cash Sale: In the traditional model, you have to list on the MLS and wait for potential buyers. However, 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 Cash Utah” companies move faster than traditional buyers. Home sellers can close on their timeline and need not wait for listing paperwork or mortgage pre-approvals!
- No Service Fees: “Cash for homes” companies don’t charge any service fees. The net profit after fixing and selling your home is enough for them to sustain their fix-and-flip model.
- No Upfront Costs: To earn maximum cash, home sellers invest in real estate photography and staging before listing on the MLS. UT cash home buyers purchase homes as-is, so you can skip marketing or repair costs.
❌ Cons
- Lowball Cash Offers: Companies that buy homes in Utah generally pay 50% to 70% of the home’s fair market value, deducting all repair, utility, and re-selling expenses. Although there may be room for negotiations, you can’t expect more than 70% of the market value of your home.
- Non-Negotiable Deals: When dealing with “cash for houses” companies, the deal is usually take-it-or-leave-it. You can try to negotiate if the company overlooked something important, but most cash companies will not budge on price.
- Some Cash Buyers Will Make You Pay Closing Costs: Homeowners are forced to pay the seller’s closing costs, and it’s not disclosed on the cash buyer’s site. You should always read the terms and conditions document carefully.
» Estimate Seller Closing Costs Utah: Breakdown of closing costs you incur as an UT home seller.
Alternatives to Companies That Buy Houses for Cash in Utah
- List Your Home With a Flat Fee MLS Service: With a Flat Fee MLS service, you can get up to 100% of the fair market value on the open market. High-tech For Sale By Owner websites like Houzeo will list your home on the local MLS within 24-48 hours and help you sell fast! 22% of homes listed on MLS sold above their final list price in February 2023.
- Hire a Top Realtor: Utah Realtors have the expertise to help you sell your property fast within a set timeline. However, the best realtors will charge a 6% commission. That amounts to thousands of dollars in realtor commission! It’s the worst option if you want to earn maximum cash.
- Sell “For Sale By Owner”: Selling your home purely For Sale By Owner implies no access to the MLS. You market your property, conduct market research, manage offers and showings, etc., all by yourself.
» For Sale By Owner Websites in Utah: Check out the best FSBO sites in the Buckeye State.
Frequently Asked Questions about Utah Cash Buyers
1. What is the best company that buys houses for cash in Utah?
Houzeo is the most popular platform for Utah sellers looking for cash offers. Houzeo.com lets you access the power of the MLS for a small flat fee, giving you exposure to cash home buyers. iBuyers, including Opendoor, have also made offers on properties listed on Houzeo.com.
» How Much Does it Cost to List on MLS: Read to Know Why MLS Listings are Worth the Cost.
2. Do We Buy Houses companies in Utah make fair offers?
Yes! iBuyers will offer up to 100% of the fair market value of your property. Local “we buy houses in Utah" companies will typically offer less than 50% to 70% of the fair market value. Listing your home on a marketplace like Houzeo.com will get you exposure to iBuyers and local investors. This significantly increases your chances of maximizing your cash offer.
3. How can I sell my house fast for cash in Utah?
Opt for a cash buyer marketplace. “We buy houses for cash” companies in Utah are best for distressed homes. They will offer 50% to 70% of the fair market value. An iBuyer will have strict purchase criteria and may not offer more than 70% to 80% of FMV. Marketplaces like Houzeo let you expose your property to nationwide cash buyers and iBuyers simultaneously.