Does Selling Your Home to a Cash Buyer Really Save You Money?

When you think about selling your home, one of the things that is bound to be at the forefront of your mind is the money that is involved. Generally, you have two options: to sell your home through the traditional sales process or to sell it to a cash buyer. In some cases, going the more traditional route can get you a higher price for your home. Did you know that going with a cash buyer has the potential to save you more money though?

Close the Deal Faster

Closing the deal on your home can take time. That can easily translate into more expenses for you. If you’ve already found a new home and closed on that one, you could find yourself paying two mortgages, insurance, and utilities for two properties until yours sells. That can add up very quickly. The faster you close the deal on the home you’re trying to sell, the faster you’ll be free of that mortgage and the financial obligations that come with owning it.

No Need to Shell Out Money for Repairs

Most traditional home buyers have certain expectations for what condition the house is in. If it doesn’t meet those expectations, they’ll probably walk away, hence the need to spend money (often a lot of it) on repairs prior to the home even going on the market. When you sell your home to a cash buyer, on the other hand, you can keep that money and save it for, well, anything else. Cash buyers like Minnesota Home Guys don’t mind project homes, so you don’t need to worry about fixing it up first.

No Closing Costs

Did you know that selling a home could cost you money? While in many cases the buyer is responsible for the closing costs, the seller can be responsible for some as well. You could end up paying between 10-20% of the sale price in commissions, closing costs, holding costs, and repairs. On the other hand, if you sell your home to a cash buyer, we close fast (sometimes in as little as 7 days), have zero fees, and pay for your closing costs. That alone should save you a decent chunk of change.

Selling a house usually has people thinking about the money they’re going to get from the sale. What is less commonly thought of are the costs associated with selling. One of the benefits of selling your home to a cash buyer is the ability to opt out of a lot of those expenses. While everyone’s circumstances are different, that can be a huge selling point in favor of selling your home to a cash buyer.

Need to sell your home fast? Read this next: Minnesota Homeowners: Here are the Best Tips to Sell Your House in a Month or Less

Frequently Asked Questions

Yes! Minnesota Home Guys purchases land as well as houses. Whether it’s a vacant lot, acreage, or a parcel you inherited, we’re happy to take a look and make you an offer. Just submit the property details and we’ll get back to you.

Yes, absolutely. While we’re based in the Twin Cities, we buy houses all across Minnesota. Whether your property is in the suburbs, rural areas, or small towns, we’re interested. Submit your address and we’ll let you know how we can help.

We consider several factors when making an offer, including your home’s condition, recent comparable sales in the area, market trends, and any necessary repairs. Our goal is to provide you with a fair and competitive offer based on real market data.

No! We buy houses in any condition, whether they need minor updates or major repairs. You won’t have to spend a dime on renovations, inspections, or cleaning—we handle everything.

If your home is in foreclosure, we may still be able to buy it and help you avoid a full foreclosure process. The sooner you reach out, the more options we have to help. Contact us today to discuss your situation.

No, you will not be “listed” and waiting for a buyer – we are direct home buyers, not an agent offering to list your home and hope it sells. That means you don’t have to worry about showings, commissions, or waiting for the right buyer. We buy homes with cash, allowing for a fast and hassle-free closing.

Yes! If you’re a landlord with problem tenants or an unwanted rental property, we can make you a fair cash offer. You don’t have to wait for a lease to end—we buy properties with tenants still in place. “Tired landlord” is one of the most common situations we see.

We buy single-family homes, townhomes, duplexes, multi-family properties, and even vacant land. If you’re unsure whether your property qualifies, just reach out to us!

Closing speed is based on your timeline. If you want to close fast, we can do that! If you need time, we can do that too!

Here’s how it works: Once you accept and sign our offer, we order the abstract update and a title opinion. If any title defects are found, we work with you to resolve them. Once the title is cleared, we set a closing date and begin preparing the legal closing documents. Closing date is typically 2-4 weeks from the time the offer is signed, but if you are in a hurry please call (952) 222-7138 and we can expedite the process!

When you choose to sell your property to us, we will cover the abstract update, title opinion, transfer tax, as well as closing costs. You will only be responsible to pay property tax up to the date of sale and any liens.

We guarantee closing on every offer we make. This is easily done because our team gets to know the seller, researches the property, understands current market trends, and has cash ready to close.

Yes! If your home is listed with a real estate agent, you’re still welcome to submit it to us for a cash offer. Keep in mind that if it’s under contract or you have listing obligations, you may need to coordinate with your agent—but we’re happy to work with listed properties.

Nope! One of the benefits of selling to Minnesota Home Guys is that you don’t need to lift a finger. You can leave behind furniture, trash, old appliances—whatever you don’t want to deal with. We’ll take care of everything after closing. Just take what you want and leave the rest.

Our cash offer is guaranteed as long as everything we discussed about your property checks out. The only time the offer would change is if we discover something unexpected during the title process—like a hidden lien, unpaid property taxes, or a contractor bill that wasn’t disclosed. We’re always upfront and transparent, and if something like this does come up, we’ll talk it through with you.