Cash house buyers are a key part of the property market. These investors often look for properties that need a little work, buy them cheap and then turn around and sell them on for profit. They are able to move quickly and can often close the transaction within a few days. For this reason, they are an ideal option for those who need to sell their house quickly.

Buying a home for cash doesn’t mean that the buyer won’t still have to comply with all of the same checks and procedures that would be required of a mortgaged purchaser. For example, surveys and searches will still need to be carried out by the buyer. However, the process is often completed much faster than if the purchase was to be funded by a lender.

How to Sell Your House Quickly: A Complete Guide

There are many reasons why someone might want to sell their house for cash. These may include:

Relocation/Emigration – If you’re moving abroad, or your job is relocating you, then it can make sense to sell your house for cash to an investor company. This can be a quicker way to complete the sale and avoids a chain break.

Cash buyers tend to be older, repeat buyers who have built up a substantial amount of equity in their property. Baby boomers account for the largest share of cash buyers, with those aged 58 to 76 most likely to purchase with this method. This is mainly down to the fact that they are more comfortable with making this type of purchase and can usually afford to do so.