How to Find Cash Home Buyers in Salt Lake City for a Hassle-Free Home Sale

How to find cash home buyers in Salt Lake City

Selling your home to a cash buyer can save time and simplify the process. With fewer hurdles than traditional sales, you can close quickly and move forward with confidence. Cash buyers are especially helpful if your property needs repairs or you need a fast sale. Here’s how to find cash homebuyers in Salt Lake City:

Work with a local real estate agent

A real estate agent can connect you with reliable cash buyers, saving you the time and stress of doing it yourself. These professionals often have existing relationships with investors looking for properties. If you don’t have an agent yet, HomeLight can connect you to a top performer in Salt Lake City. While agents do earn real estate commissions, their expertise can help ensure a smooth transaction.

Target property investors rather than owner-occupiers

Salt Lake City has a growing number of institutional cash buyers, like corporations and limited liability companies. To attract them, list your home on investment websites or attend local real estate events. Be cautious with “We Buy Houses for Cash” companies, as they often follow the 70% rule, offering less to ensure a profit.

Do your due diligence

Verify any buyer’s legitimacy by checking the Better Business Bureau (BBB) and reading reviews on platforms like Google or Yelp. Look for a solid track record and client referrals. Ask questions about their experience with local properties and how they handle the buying process.

Reach out to multiple buyers to compare offers and terms so you know you’re getting a fair deal. Finally, if anything feels unclear, check in with a local real estate agent or attorney to make sure your interests are protected.

Ask for proof of funds

Before accepting an offer, request proof of funds, such as a bank statement. Verifying funds ensures the buyer can follow through and close quickly. It also helps you avoid wasting time on deals that may fall through. Always keep a copy of the documentation for your records and reference during the sale process. If a buyer refuses to provide proof of funds, treat it as a warning sign. Consider partnering with someone more reliable.

Inside the Salt Lake City cash home buyers market

Cash buyers include a variety of individuals and groups, each motivated by the convenience of avoiding traditional mortgages. Common examples are investors, house flippers, and buyers simply seeking a quick, straightforward transaction. Understanding who these buyers are can help you target the right audience and sell your home faster. Here’s a look at the typical cash home buyers in Salt Lake City:

New residents

Between 2023 and 2024, Utah welcomed over 50,000 new residents, pushing the state’s population to 3.5 million. Most of the state’s growth happened along the Wasatch Front, which includes Salt Lake County.

Salt Lake City is, for the third consecutive year, leading the population growth, adding over 4,000 people in 2024 alone. The city is also fueling the housing boom, contributing nearly 54% of all new homes, with almost 3,700 units added.

The metro area attracts new residents from high-cost areas like California, many of whom are using the profits from their previous homes to buy with cash. These buyers are drawn to the area’s lower cost of living and outdoor amenities, often looking for homes near nature or with mountain views.

Baby Boomers

Baby Boomers are major players in the cash home-buying market. Recent data from the National Association of Realtors (NAR) reveals that across the U.S., about half of older Baby Boomers and two out of five younger Boomers are buying homes entirely with cash, skipping traditional financing.

Given their substantial home equity and long-term savings, this group is increasingly opting to pay for homes outright. If your home features amenities like first-floor bedrooms or low-maintenance yards, highlight these in the listing description to appeal to this demographic.

Property investors

In Utah, investor purchases slipped slightly in the first quarter of 2025 compared with a year earlier, and several other major metros saw similar declines. In Salt Lake City, however, investor activity held steady, with 7.4% of home sales going to investors, highlighting the city’s continued appeal to this segment of buyers.

Real estate investors in Salt Lake City, including institutional buyers, house flippers, and buy-and-hold landlords, are drawn to the area’s strong rental demand and increasing property values. This presents opportunities for sellers as these buyers can offer quick, cash-based deals, simplifying the sale process and closing fast.

Pros of working with a Salt Lake City cash home buyer

Cash offers can be an attractive option for Salt Lake City homeowners seeking an efficient and streamlined sales process. Let’s explore the key benefits of working with a cash home buyer:

How to request a cash offer in Salt Lake City

If you’re looking for a simpler way to get a cash offer on your home, HomeLight’s Simple Sale connects you with a large network of pre-approved investors. After answering a few basic questions about your property, you can receive an all-cash offer within 24 hours. Once you accept, the sale can close in as few as 7 days. You’ll avoid fixes, staging, and showings, and can even choose your move-out date up to 30 days from closing.

Keep in mind that cash buyers often pay less than what you might get on the open market. However, selling traditionally can involve fees and costs that eat up 9% to 10% of your sale price. Depending on your priorities, a cash offer could save you time and reduce overall costs.

How much are Salt Lake City cash home buyers willing to pay?

Cash home buyers typically pay below market value for properties in exchange for speed and convenience. One common approach, especially among house flippers, is the 70% rule, which suggests they won’t pay more than 70% of the home’s after-repair value (ARV) minus the cost of repairs. This allows them to generate a profit once they renovate and resell the property.

The amount of cash offers largely depends on the state of the housing market. During periods with high demand and low inventory (seller’s markets), cash buyers often come closer to a home’s market value. Offers in this scenario can sometimes range from 80% to 85% of the ARV of the property.

But in a softer market, cash buyers often offer less to account for possible resale challenges. Knowing how these factors work can help you decide if selling your home for cash is the best option for your situation.

What’s the process of selling to a Salt Lake City 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 the Utah Seller’s Property Condition Disclosure

Most states have disclosure laws that require sellers to provide a form detailing any material defects in the home. In Utah, sellers must disclose any known issues before accepting an offer by completing the Seller’s Property Condition Disclosure.

This document outlines the condition of key systems, structures, and features of the property, such as plumbing, electrical, roofing, and foundation, so buyers are fully informed. Providing accurate disclosures helps protect you from future legal claims and builds trust with potential buyers, making the sale process smoother.

If you’re working with a Salt Lake City  “We Buy Houses” company, they will likely prepare all of the necessary documents for you, including this one. However, you can speed up the process by filling it out ahead of time. These companies conduct their own inspections and purchase homes in any condition, so filing the disclosure statement is more of a legal obligation from their perspective.

Let the buyer run a title search on the property

The cash buyer will also verify the property’s title. This ensures you have legal ownership and checks for any liens or claims that could prevent a smooth sale. Some of the most common reasons for title issues include boundary disputes, unknown easements, undisclosed heirs, public record errors, and forgery.

Pay any associated fees

A cash sale generally has fewer closing costs than a traditional home sale. However, sellers may still need to pay some expenses, such as transfer taxes, title insurance, escrow costs, and attorney fees.

Fortunately, Utah doesn’t charge a transfer tax. However, if your Utah home is part of a homeowners association (HOA), you may still be responsible for estoppel certificate fees, which typically cost up to $299.

Many “We Buy Houses” companies can cover these fees for you, offering a quick sale in exchange for a price slightly below market value. This makes it possible to avoid most closing costs while selling your home fast.

Deciding to sell to Salt Lake City cash home buyers

Homeowners have a good chance of selling for cash, as Utah remains a popular state among investors. 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.

We’re here to help you streamline your selling experience, leveraging Salt Lake City’s investor-rich market to find a fast and efficient solution for your home sale needs.

Editor’s note: This blog post is for educational purposes only, not legal or tax advice. HomeLight always encourages you to reach out to your own advisor.

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