Companies advertising to buy houses for cash generally fall into three categories: house flippers seeking profit through renovation, iBuyers (real estate tech firms), and buy-and-hold investors looking for rental properties.

While the speed and certainty are enticing, homeowners should weigh the immediate cash benefit against the potential loss of equity. What To Know About Cash Offers When Selling Your Home

, such as title flaws or storm damage , that would prevent traditional buyers from getting a loan.

Cash offers eliminate the "financing contingency," meaning there is no risk of the sale falling through because a buyer's loan was denied. The Trade-Offs to Consider