How to request a cash offer in the Twin Cities
If you’re looking for an easier way to secure a cash offer, HomeLight’s Simple Sale platform is a great place to start. Simple Sale connects Twin Cities sellers with the country’s largest network of pre-approved and vetted investors.
All you have to do is answer a few short questions about your Minnesota home, and you could receive a no-obligation offer in as few as 24 hours. If you accept, you may be able to close in as little as 10 days. You can even choose a move-out date that works for your schedule, up to 30 days after closing. There’s no need to worry about repairs, open houses, or staging.
While cash offers are often lower than those on the open market, traditional sales come with their own costs — typically 9% to 10% of the sale price once you factor in commissions, closing costs, and prep work. Depending on your situation, a cash sale might ultimately save you time, money, and stress.
How much are Twin Cities cash home buyers willing to pay?
Cash buyers and investment companies typically offer less than full market value, but in return, they provide a faster and simpler sale process. A common guideline used by property flippers is the 70% rule, where they offer up to 70% of a home’s after-repair value (ARV), subtracting the estimated cost of renovations.
Market trends can also affect how much cash buyers are willing to pay. In a competitive or fast-moving market, cash offers may increase — sometimes reaching 80% to 85% of the ARV — as buyers compete for properties. In a slower market, those offers tend to be more conservative.
Right now, the Twin Cities housing market still favors sellers, but there are signs of cooling. Home price growth has slowed, and properties are sitting longer on the market. Your cash offer will ultimately depend on current conditions and the specific location of your home within the metro area.
