Selling your house in Maryland? If speed and simplicity are important to you, pursuing offers from cash home buyers in Maryland could be worthwhile. This option can be attractive for homeowners who want to avoid the hassles of the traditional market and close in a matter of weeks, rather than months.

Maryland’s real estate market is diverse, with a range of opportunities for both individual cash buyers and large investors. Whether you’re looking to offload your townhouse in Baltimore or single-family home in Salisbury, this guide will equip you with the knowledge needed to sell your property to a cash buyer in The Old Line State. We’ll help you locate reputable cash home buyers and better understand the process.

How to find cash home buyers in Maryland

If you want to sell your home quickly without the usual stress, cash buyers can be a fantastic solution. Here are some effective ways to connect with reliable cash home buyers in Maryland who might offer you a fair deal for your property.

Work with a reputable local real estate agent

Opting for a cash sale doesn’t mean you should skip working with a local real estate agent. Agents often have networks that include cash buyers interested in properties like yours, which can save you the trouble of finding and vetting these buyers yourself. When an agent recommends a cash buyer, it often means they’ve already done some of the background checks for you, ensuring a smoother transaction.

An experienced agent can help you with pricing, negotiations, and handling paperwork, making the process much easier. If you don’t already have an agent, HomeLight can connect you with top professionals in your area. While real estate commissions are part of the deal, the support and speed an agent provides often justifies the expense.

Focus on investors rather than owner-occupiers

Maryland is a prime market for real estate investing due to its robust economy. In April, the state added 7,800 new jobs, and the unemployment rate amounted to 2.6% — the fifth lowest in the country. A booming job market translates to higher rental demand and a larger pool of high-quality tenants, which is particularly enticing to investors.

Targeting these cash-flush investors can help streamline your home sale. Consider listing your property on websites frequented by investors or attending real estate investment meetups in your area.

Another strategy is to request no-obligation cash offers from “We Buy Houses” companies based in Maryland. Be aware that many of these investors, particularly house flippers, adhere to the 70% rule, meaning their offers might be 70% of the after-repair value of your home minus repair costs.

Do your due diligence

It’s important to make sure cash-for-homes companies are legitimate before working with them. Start by checking their reputation with the Better Business Bureau (BBB) to confirm they are credible. For local verification, you can also reach out to the BBB of Greater Maryland.

Additionally, reading reviews on platforms like Google, Yelp, Facebook, and Trustpilot can offer insights into their reliability and customer service. Look for a solid track record, proper licensing, and positive customer referrals. Taking these steps can help you avoid scams and work with trustworthy buyers.

Before signing an offer, ask for proof of funds

To ensure a smooth transaction, it’s important to confirm the cash buyer has the necessary funds to complete the purchase of your home. You can request proof of funds in the form of recent bank statements or a letter from a financial institution verifying their available funds. If a potential buyer hesitates to provide this information, consider it a red flag. Instead, seek out a buyer who is more transparent and forthright about their financial situation.