How to request a cash offer in Washington
For an easier way to obtain a cash offer for your house, try HomeLight’s Simple Sale platform. Simple Sale gives you access to the nation’s largest network of trusted cash buyers, ensuring a smooth and hassle-free transaction.
Just answer a few standard questions about your house, and you can receive a no-obligation cash offer in as little as 24 hours. If you decide to accept the offer, the deal can close in as few as 10 days. You can select a move-out date that fits your schedule — up to 30 days post-closing. There’s no need to stress about handling repairs, staging, or open houses.
While cash offers are typically lower than open-market offers, traditional home sales can charge fees totaling 9% to 10% of the sale price. Depending on your goals and priorities, a cash sale could ultimately save you time and money.
How much are Washington cash home buyers willing to pay?
Home-buying companies and cash investors generally seek to purchase homes below market value. In return, they offer homeowners a quick and convenient process. For example, property flippers typically follow the 70% rule, meaning they pay up to 70% of a home’s after-repair value (ARV), including upgrade and renovation expenses.
Market conditions can also impact cash offers. In a competitive market, cash offers may reach 80% to 85% of a property’s ARV. However, in a slower market, offers are usually lower.
Washington’s housing market is dynamic, with varying conditions across the state. While sales have declined overall, prices and inventory are rising. This means cash offers will differ depending on the specific region. For example, Seattle’s limited inventory creates a more competitive market, potentially leading to higher cash offers.
