How to Sell My House for Cash in Loomis
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Alexandra Lee Associate EditorAlexandra is an associate editor of HomeLight.com. Previously, she served as a writer and social media manager at Santa Barbara Life & Style Magazine, in addition to interning at the nonprofit honors society Phi Beta Kappa. Alexandra holds a bachelor's degree in communication and global studies from UC Santa Barbara, and she has three years of experience reporting on topics including international travel, luxury properties, celebrity interviews, fine dining, and more.
If you’re planning to sell a house for cash in Loomis, you’re likely looking for a fast, uncomplicated sale. In an all-cash transaction, you can bypass home prep, avoid repairs and showings, and close on your own timeline.
The three big questions on your mind might be:
- How do I sell a house for cash in Loomis?
- What does this convenience cost?
- How much more can I get for my Loomis house if I make repairs?
In this post, we’ll explain the two most common options for receiving an all-cash offer in Loomis, and what the offer amount might look like, depending on who you sell to and whether you choose to make repairs or sell as-is.
Compare Options: Investor Cash Offer vs. Top Agent
No staging, no open houses, no repairs. Request a cash offer from HomeLight’s Simple Sale platform and close in as little as 10 days. You can also receive and compare an estimate of what a top agent might be able to get for your house.
Options to sell my house for cash in Loomis
Homeowners typically have two options when selling for cash: working directly with a house-buying company or investor, or hiriring a real estate agent who can help attract a cash offer from a traditional buyer. Each option can generate different levels of proceeds.
Before we dive into the details, use the calculator below to get a quick estimate of how a cash offer in Loomis might compare depending on how you sell.
As you can see, your cash offer amount will be significantly higher if your Loomis home is in good condition, but not everyone has the time, funds, or desire to take on major repairs. For some homeowners facing an impending life or job change, financial pressures, or needing to sell an out-of-state inherited property, the convenience of an all-cash offer can’t be beat.
Let’s see what you can expect from each option to sell a house for cash in Loomis.
Option 1: Sell to my cash buyer company in Loomis
House-buying companies and investor groups specialize in purchasing homes for cash. Many of them buy properties in “as-is” condition, meaning you don’t need to clean, make repairs, or stage your Loomis home. They are commonly known as “We Buy Houses” companies.
Other house-buying companies that serve Loomis, known as iBuyers, only purchase homes in good condition or move-in-ready “turnkey properties.” The most well-known iBuyers are Opendoor and Offerpad, which pay higher cash offers but charge a fee of around 5% of the home’s price.
We Buy Houses companies in Loomis typically follow a similar streamlined process:
- You submit information about your Loomis property online or over the phone.
- They assess the home’s value using local market data and an on-site visit.
- You receive a no-obligation cash offer, often within 24 to 48 hours.
- If you accept, they can close in as little as 7 to 14 days.
Some Loomis cash buyers fix and flip homes, while others rent them out or hold them as investments. They usually aim to purchase below market value to allow room for profit.
Most We Buy Houses investors in Loomis follow the 70% rule of house flipping, which suggests that the purchase price should not exceed 70% of a home’s after-repair value (ARV) minus the cost of the repairs. Our calculator above applies a formula to show a range of the 70% rule and an 80% guideline used by many rental property investors.
However, these are general rules, and some Loomis cash-for-homes companies may offer more or less depending on the property’s location and condition.
»Learn more: 5 Top We Buy Houses for Cash Companies in California
Pros and cons of selling to a Loomis cash buyer company
| Pros | Cons |
| Speed: Close and have cash in hand within days, not months | Lower sale price: Cash offers are typically below market value |
| No repairs required: Sell your Loomis home as-is, regardless of whether it needs work | No negotiation: Most companies present a non-negotiable cash offer |
| Convenience: Skip the showings, open houses, or back-and-forth negotiations | Less competition: Without listing on the open market, you’re not exposing the home to multiple buyers |
| No fees or commissions: Most house-buying companies cover your closing costs | Not suitable for all situations: An agent-assisted sale can have advantages in certain circumstances |
| Certainty: Without a lender, there’s a risk of a deal falling through due to financing | Unscrupulous buyers and scams: Not every cash buyer is trustworthy |
While many reliable investors operate in the Loomis area, it’s important to watch out for warning signs of a bad deal, such as a company that pressures you or has no established track record or online presence. Look for companies with verified reviews, local market knowledge, and clear, honest communication.
»Learn more: We Buy Houses Pros and Cons: Make an Informed Decision
A better way to find trusted cash buyers in Loomis
HomeLight’s Simple Sale platform can connect you with the largest network of pre-vetted cash buyers in Loomis and throughout the country, helping you review offers without having to navigate the investor world alone.
Here is the 4-step Simple Sale process:
With Simple Sale, you’ll enter a few details about your Loomis home and receive a no-obligation cash offer within 24 hours. If you decide to accept, you can close in as few as 7 days or choose your closing date. In addition, you’ll also receive an expert estimate of what your home might sell for using a top Loomis real estate agent, so you can compare your options.
Option 2: Attract a cash buyer with a top Loomis agent
Not all cash offers come from investors or companies. In Loomis’s competitive housing market, many individual buyers come prepared with cash, whether they’re downsizing, relocating after selling a home in the Bay Area, or looking for a second home to prepare for retirement. A top Loomis real estate agent can help position your home to attract these buyers.
»Learn more: Why Hire a Real Estate Agent When You’re Selling or Buying
Pros and cons of selling with a top Loomis agent
| Pros | Cons |
| A higher sale price: Agents can increase visibility to attract multiple offers | Longer timeline: A traditional listing in Loomis can take weeks or even months to close |
| Professional guidance: Pricing, marketing, and negotiations are taken care of for you | Prep work required: You will likely need to clean, stage, or make repairs before listing |
| Broad market access: Listing on the MLS will help you reach more qualified cash buyers | Showings and disruptions: Selling through an agent typically involves multiple buyer walkthroughs |
| Reduced stress: Agents handle complex tasks, saving you time and reducing uncertainty | Commission fees: You’ll need to account for agent fees (a percentage of the sale price) when budgeting |
| Legal protection: Agents can provide guidance on California disclosures and federal fair housing laws | Uncertainty of sale: There is no guarantee of a fast sale, and offers have a higher chance of falling through |
»Learn more: Should I Sell to a Home Investor or List With an Agent?
The easy way to find top-rated Loomis agents
If you’re leaning toward partnering with an agent, HomeLight’s free Agent Match platform can connect you with Loomis’s top-performing agents based on real transaction data. We analyze over 27 million transactions and thousands of reviews to determine which agent is the best fit based on your needs.
Whether you’re trying to attract a cash offer or explore all your options, the right Loomis agent can help you maximize your sale. For a no-obligation consultation with a trusted agent, share a little about your selling goals and timeline.
Which cash sale option is right for you?
Aiming for speed, simplicity, and a hassle-free process? Selling directly to a vetted Loomis cash buyer through HomeLight’s Simple Sale platform could be the right choice.
Willing to take more time to potentially earn a higher price? If you don’t mind preparing your home for listing, working with a top Loomis agent could be the best approach.
When you request a Simple Sale offer, you’ll also get an expert estimate of what your Loomis home could sell for with a top agent, so you can confidently compare both options.
Still on the fence about selling a house for cash in the Golden State? Use our Home Cash Offer Comparison Calculator above to get a sense of what your home might sell for, depending on which method you choose. Then, request a no-obligation offer or consult with a trusted Loomis expert.
There’s no one-size-fits-all answer, but with the right tools and expert guidance, you can make a confident, well-informed decision.
Header Image Source: (dbvirago / Deposit Photos)
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