Selling your house fast isn’t always easy, but cash homebuyers in Minneapolis can simplify the process. Whether you’re relocating for a job, downsizing, or simply need to sell fast, a cash buyer can provide a hassle-free solution.
Minneapolis is a top real estate market with its steady job growth, population gains, and relatively affordable housing. It draws buyers and renters alike, making it appealing to all sorts of cash homebuyers. In 2024, 27.5% of homes sold in the city were purchased entirely with cash.
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In this article, we explain how you can take advantage of these trends as you sell your home for cash, outline the process of cash sales, and suggest some alternatives if you need to find a cash home buyer fast.
How to find cash home buyers in Minneapolis
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 home buyers in Minneapolis:
Work with a reputable local real estate agent
Even in a cash sale, a real estate agent’s expertise can make the process smoother and more secure. They often have established connections to cash buyers who are actively looking for properties. These connections can save you time and effort in finding potential buyers.
Working with an agent-recommended buyer can provide an extra layer of trust, reducing the risk associated with cash sales. Agents can guide you through the process, ensuring that all legal and financial aspects are handled correctly.
If you don’t have an agent yet, HomeLight can connect you with top agents in Minneapolis. While there may be real estate commissions involved, the benefits of professional expertise can outweigh the costs.
Focus on investors rather than owner-occupiers
Minneapolis is home to a growing number of institutional buyers, companies that specialize in paying cash for properties. To attract these types of buyers, list your property on websites geared towards real estate investors to attract attention from serious cash buyers.
Attend local real estate investing events to network with potential buyers who are interested in quick cash transactions. You can also look up “We Buy Houses for Cash” companies in your area.
Do your due diligence
Verify the legitimacy of cash-for-homes companies by checking their profiles on the Better Business Bureau (BBB). Look at reviews on Google, Yelp, Facebook, and Trustpilot to gauge the experiences of other homeowners with the company. Ensure the company has a proven track record, valid licenses, and positive customer referrals to avoid scams and fraudulent buyers.
Ask for proof of funds before signing an offer
Ask the cash buyer to provide proof of funds, which confirms they have the necessary financial resources to purchase your home. If a buyer is unwilling to provide proof of funds, treat it as a significant red flag. Consider working with a more transparent and trustworthy company instead.
Inside the Minneapolis 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 individuals who simply want a straightforward transaction.
Understanding who these buyers are can help you target the right audience and sell your home faster. Here’s a quick look at the buyers who may purchase your home:
New residents
The Minneapolis–St. Paul area just had its biggest population jump since 2017, adding more than 35,000 new residents in 2024, well above the usual yearly growth of around 31,000 during the 2010s. Many of these new residents have the cash to buy homes outright, skipping the mortgage process completely. They’re drawn to lively cities and beautiful natural spots, which keeps housing demand strong.
For sellers, it’s a great time to highlight what makes your home stand out, especially if it’s close to good schools or major job centers, to catch the attention of these cash-ready buyers.
Baby Boomers
Baby Boomers make up a big part of the cash home-buying market. Thanks to the equity they’ve built up over the years and their savings, a lot of them prefer to buy homes entirely with cash.
Recent data from the National Association of Realtors (NAR) shows that around half of older boomers and 40% of younger boomers are paying for their homes in full, skipping the mortgage completely.
If your Minneapolis house has features like a first-floor primary suite, low-maintenance outdoor space, or wide doorways and hallways, highlight them in the listing description to capture the attention of these buyers.
Property investors
Minneapolis has a strong presence of real estate investors, drawn by the state’s stable housing market and the potential for profitable returns. These investors include institutional buyers, house flippers, buy-and-hold landlords, wholesale operators, and iBuyers.
They’re often ready to purchase properties quickly and in as-is condition, which makes them a great option for sellers looking to close deals without the usual delays. For homeowners, selling to real estate investors can often be a more reliable path to success than waiting for traditional cash buyers.
Pros of working with a Minneapolis cash home buyer
Cash offers can be an attractive option for Minneapolis homeowners seeking an efficient and streamlined sales process. Here are the main benefits:
- Quick closings: Cash transactions can significantly speed up the home-selling process, often closing within a week or two. This is ideal for homeowners who need to sell quickly due to job relocation, financial needs, or other urgent situations.
- No contingencies: Cash buyers typically skip contingencies, such as financing or home sale requirements, which helps simplify the sale.
- As-is purchase: Most house-buying companies let homeowners sell as-is, meaning you won’t need to invest time or money in repairs or renovations. This is particularly beneficial for sellers whose properties need significant work or updating.
- Simplified process: The documents and administrative tasks involved in a cash sale are usually much simpler compared to a traditional sale. This reduces the burden on the homeowner, allowing for a more straightforward transaction.
- Guaranteed deal: With a cash offer, there’s a higher level of certainty that the sale will go through since it doesn’t depend on the buyer securing financing.
How to request a cash offer in Minneapolis
If you’re looking for an easier way to secure a cash offer for your home, HomeLight’s Simple Sale platform offers a straightforward solution. It connects you with the largest network of vetted and pre-approved investors in the U.S.
After answering a few basic questions about your home, you’ll receive a no-obligation, all-cash offer within 24 hours. If you accept the offer, you can close the sale in as few as 7 days. You can choose a move-out date that works for you, up to 30 days from closing. With this, you avoid the hassle of repairs, prep work, and endless showings.
Cash buyers usually offer less than what you might get on the open market, but selling the traditional way comes with fees and costs that can eat up 9% to 10% of your sale price. Depending on your needs, a cash buyer could still save you money in the long run.
How much are Minneapolis cash home buyers willing to pay?
In exchange for speed and convenience, house-buying companies typically pay less than market value. This is often guided by the 70% rule in house flipping, which means they’ll offer 70% of the home’s after-repair value (ARV) minus repair costs.
For example, if your home is worth $350,000 after repairs and needs $30,000 in repairs, a flipper might offer $215,000. The calculation works like this: ($350,000 x .70) — $30,000 = $215,000.
Housing inventory in the Twin Cities is still tight. In March 2025, there were around 12,500 homes on the market, a slight increase from last year but a significant decline compared to years like 2008, when nearly 49,000 homes were listed. Even with the low supply, demand in the Twin Cities is strong, and most showings last week were for homes priced between $250,000 and $500,000.
For sellers, this means cash offers can be especially attractive since buyers are competing for limited homes. It also gives homeowners more leverage to negotiate quickly and potentially get a better deal.
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.
On the other hand, in a slower market, cash offers tend to be lower as buyers account for potential resale risks. Understanding these dynamics can help you make an informed decision about whether a cash sale is the right choice for you.
What’s the process of selling to a Minneapolis 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 required disclosure statements
When selling your home in Minneapolis, you must disclose specific information about the property’s condition. This includes any known defects, such as issues with the roof, foundation, plumbing, and electrical systems.
If you’re working with a Minneapolis “We Buy Houses” company, they will likely prepare all the necessary documents for you, including this one. However, you can speed up the process by filling it out in advance. 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 verifies the property’s title. This ensures you have legal ownership and checks for any liens or claims that could prevent a smooth sale. 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 typically has fewer closing costs than a traditional home sale. However, sellers may still have to cover some expenses, such as transfer taxes, title insurance, escrow costs, and attorney fees.
In Minneapolis, the transfer tax, sometimes called a Documentary Stamp Tax or deed tax, costs $1.65 for every $500, or 0.33% of the transaction. If you’re looking to avoid these expenses altogether, “We Buy Houses” companies will often pay for closing costs in exchange for an offer that’s below market value.
Deciding to sell to Minneapolis cash home buyers
Homeowners have a good chance of selling for cash, as Minneapolis remains a popular city to invest in real estate. 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 Minneapolis’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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