How Does Closing with a Cash Buyer Compare to Closing with Other Buyers?

Do you want to sell your home? Have you given much thought to who your ideal buyer is? Buyers can be divided into one of two different categories: traditional buyers who pay with money obtained from a lender and cash buyers who already have the money to pay for your home in their account. While there is plenty of overlap between the two, closing is one area where they differ. So how does closing with a cash buyer stack up?

Simpler

A typical real estate closing involves a lot of different steps. There’s the escrow account to open, inspections and appraisals to deal with, and negotiations to navigate, among other things. You may not have to deal with some of those steps when you sell to a cash buyer though. Some parts of the closing process are done because a lender requires them. Selling to a cash buyer cuts out the lender. This could simplify the closing process by eliminating the hassle of things like inspections and appraisals, as those become optional and are based on what the buyer wants.

Faster

As you might imagine, reducing the steps involved in the closing process also speeds it up. Closing with a traditional buyer could take 30-60 days, or even more. Cash buyers can often close in a couple of weeks. Some cash buyers, such as professional home buying companies, can close even faster. They may take as little as 7 days to close.

Less Expensive

No lender also means fewer closing fees that need to be paid, which means closing with a cash buyer is likely the less expensive option. Depending on what you and the buyer negotiate, you may split some or all of the remaining closing costs 50/50. If you really want to maximize your savings and minimize your costs, sell to a professional home buying company like Minnesota Home Guys. We cover 100% of the closing costs. It doesn’t get less expensive for you than that!

Who your ideal home buyer is depends on what you want to prioritize when selling your home. There are a few ways in which you can benefit from selling your home to a cash buyer, especially when it comes to closing the sale. It’s not a perfect fit for everyone, but if you want a simpler, faster, less expensive closing, selling to a cash buyer could be the best solution for you.

Minnesota Home Guys buys houses fast for cash! Click here to learn more about how it works today!

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.