Cash Home Buyers in Phoenix: A Seller’s Guide

Cash-buying landscape in Phoenix

The Phoenix real estate market draws investors with its consistent housing stock, strong employment base, and vacation-worthy weather. Here’s what to know about the cash buying real estate landscape in Phoenix.

Under $700k market attracts cash in Phoenix

Cash buyers in Phoenix will care less about whether your home is a Spanish Mission, Pueblo Revival, or Ranch-style and instead are likely to focus on price point and location. Lisa Roberts, a seasoned real estate agent in the Scottsdale and Phoenix markets, is seeing a higher number of all-cash offers for properties priced under $700,000, and especially for homes under $450,000. “In the luxury market, as the price goes up, there are less buyers in general, which means less cash buyers, as well,” she explains.

Roberts is also seeing a bevy of investors who are involved in real estate investment trusts (REITs) coming in to scoop up lower-priced homes in the Phoenix area and surrounding communities like El Mirage, Chandler, Gilbert, and Mesa. “Generally, when the houses are under $500,000, we’re sure to see lots of cash buyers,” she says.

Population boom fuels Phoenix housing demand

Phoenix is a popular place for buyers to invest their cash, due in large part to healthy economic fundamentals and a booming population. Population estimates show that the city of Maricopa expanded to 81,103 residents in 2025, making it one of the fastest-growing cities in the nation.

Carving a reputation as more than just a retirement destination, Phoenix continues to attract residents (and homebuyers) for its expanding job opportunities in tech, manufacturing, and bioscience. Home prices have risen in lockstep with the city’s economy and job market; in July 2025, the average sales price for Arizona homes remained at $440,000, similar to the prior year, according to data from the Arizona Realtors MLS.

Landlord laws entice Phoenix cash buyers

Martin Boonzaayer, owner of a house-buying company in Phoenix and the surrounding area, points out that Arizona has historically been a “landlord-friendly” state. Traditionally, if a tenant doesn’t pay rent, a landlord in Arizona can start an eviction action in a short amount of time. “This is in contrast to some other states, where the process of evicting a non-paying tenant can sometimes take in excess of six months or even a year,” he says.

Phoenix is ‘ground zero’ for iBuying trend

When iBuyers (instant buyers) first came on the scene in the mid-2010s, Phoenix proved to be an attractive spot for their tech-focused approach to flipping houses. One report from ABC15 speaks to the homogeneous nature of Phoenix’s housing stock — not unlike the reliability of the region’s hot, dry weather — making it easier for companies digitizing the home-selling process to algorithmically value properties. Indeed, this particular type of cash buyer appreciates Phoenix’s relatively affordable housing and large number of new cookie-cutter developments, which satisfy their low-maintenance purchase criteria.

By 2024, Phoenix was already ranked the fifth-largest iBuyer market by share. iBuyers were claiming a slice of Phoenix real estate sales to the tune of a sizable 5.2% of market share, notes one analysis.

International buyers scooping up Phoenix real estate

According to a 2025 report from the National Association of Realtors, Arizona is one of the top destinations for international activity, with 5% of foreign buyers setting their eyes on Arizona. 56% of foreign buyers already reside in the U.S., and they typically purchase homes for a higher price of $494,400 compared to the $408,500 median purchase price for all U.S. existing homes sold.

Pros of working with a Phoenix cash home buyer

Cash offers can be an attractive option for Phoenix homeowners seeking an efficient and streamlined sales process. Let’s explore the key benefits of working with a cash home buyer in Phoenix:

• Quick closings: Selling to a cash buyer often means you can close the deal much faster than through traditional financing, often within days or weeks. This is because there’s no waiting for the buyer to secure a mortgage, which can significantly speed up the timeline.
• No contingencies: Cash sales typically come with fewer contingencies, if any. This means the sale is less likely to fall through due to financing issues or other common contingencies like home inspections.
• As-is purchase: Cash buyers often purchase homes as-is, meaning you won’t need to spend money or time on repairs or upgrades before the sale. This can be particularly advantageous if your home needs significant work.
• Simplified process: The process of selling to a cash buyer is generally more straightforward and involves less paperwork than selling through traditional means.

Why should you consider selling to cash buyers?

If your home is affected by any of these issues known to affect Phoenix housing, you might have better luck going through a cash buyer who has the time and funds for immediate repairs, rather than a traditional buyer who is planning to live in the home right away and expects move-in-ready condition:

Pests

Phoenix is one of the most cockroach-infested cities in the U.S. and is also among the U.S. cities with the most termites. In the event of an infestation, a homeowner could end up spending around $3,000 to repair the damage, according to Orkin, a pest control company since 1901. A cash investor will be more likely to purchase a home with a termite problem, as they’ve likely dealt with pest problems in the past and have the knowledge and resources to resolve them.

Heat damage

Phoenix’s daily high temperatures regularly exceed 100°F every June, July, and August; all of that heat can take a toll on the city’s housing stock. Some common signs of heat-related wear and tear include cracking, peeling, and discolored wood; bubbling or chipping paint; and damage to roofing shingles. A cash investor may be less averse to purchasing a home with these types of issues.

Foundation heave

The expansive soil of the Southwest and Sonoran desert (which expands with water and shrinks with dryness) can put your Phoenix home at risk for foundation heave, which is when part of your foundation or slab floor moves upward while other sections remain stationary.

Foundation heave can result in a bowed effect and cause cracking of your inside walls, among other side effects. One company estimates it sees 80% of homes with expansive soil experience some kind of foundation heave. While severe foundation issues may scare off traditional buyers, certain investors will be willing and able to take it on, though you should expect the offer you receive will reflect the cost of hefty repairs.

What’s the process of selling to a Phoenix 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 Arizona Residential Property Condition Disclosure Statement

The Arizona Association of Realtors has provided a Seller Disclosure form where a seller must indicate any previous or current issues with the home (although a cash buyer can choose to waive the seller’s requirement to disclose). The form is separated into six sections:

• Property and ownership
• Building and safety information
• Utilities
• Environmental information
• Sewer/wastewater treatment
• Other conditions and factors

The buyer runs a title search on the property

The cash buyer will also verify the property’s title. This ensures you have legal ownership and checks for any liens or claims that could prevent a smooth sale. Some of the most common reasons for title issues include boundary disputes, unknown easements, undisclosed heirs, public record errors, and forgery.

The seller pays any associated fees

While cash sales typically involve fewer fees compared to traditional sales, you may still incur some closing costs, like title insurance, escrow fees, and attorney fees. What’s nice is that Arizona is one of only 13 U.S. states that don’t have a state transfer fee or transfer tax on real estate, which can make selling even more appealing.

If you’re looking to avoid closing costs altogether, “We Buy Houses” companies will often pay them for you in exchange for an offer that’s below market value.

Timeline for a cash sale in Phoenix

The typical timeline for a cash sale in Arizona is about three weeks, according to Boonzaayer — speaking from his experiences with clients. But it can vary from deal to deal. Roberts adds:

“The closing timeline depends a lot on the seller’s situation. If they want a quick close and the title is free and clear, it can happen as fast as 10 days. But if we’re dealing with HOA disclosures and loan payoffs, it could take a few weeks.”

How to request a cash offer in Phoenix

Even in a seller’s market, finding a reliable cash buyer on your own can be overwhelming. To get started, HomeLight’s Simple Sale platform makes it easy and safe to get a competitive cash offer — and yes, we cover Phoenix!

Here’s how it works:

1. Submit property details
   Is it a ranch-style in Gilbert or a historic condo in Uptown? Does it need a little work, a lot of work, or none at all? How soon are you looking to sell? It could be ASAP or in 12+ months. Our easy questionnaire makes getting set up on the platform a breeze.
2. Receive an offer
   You won’t be obligated to accept any offer you receive. If you’d like, HomeLight can also introduce you to a top real estate agent in your neighborhood for an expert opinion on what your home is worth.
3. Sell your house in its current condition.
   No additional repairs, prep costs, agent commissions, or hidden fees. This can save you time and money. Pests, foundation heave, and damage from the sun are often no issue; our platform will provide a full cash offer for homes in almost any condition.
4. Close quickly.
   A 7-day closing translates as selling your house faster than with a buyer who is financing their purchase. You’ll have the ability to pick a move date that works best for your schedule, too. 

It’s important to note that cash buyers typically offer less than what you might get on the open market. However, selling traditionally involves fees that can consume 9% to 10% of your sale price. Depending on your situation, a cash buyer could still save you money when all is said and done.

How much are Phoenix cash home buyers willing to pay?

Cash investors and home-buying companies often look for deals where they can buy properties for less than what they’re worth on the market. In return, sellers get the benefit of selling their homes quickly and with less hassle. House flippers usually follow the 70% rule, meaning they try not to pay more than 70% of a home’s after-repair value (ARV), including repair and upgrade costs. 

The current state of the Phoenix market also impacts offers from cash home buyers. 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. Meanwhile, in slower markets, offers from house-buying companies might be lower than what you could get on the open market.

Deciding to sell to cash home buyers in Phoenix

When you need to sell your home quickly, it can feel like you’re already at a disadvantage with buyers, especially those willing to pay cash. However, the blossoming city of Phoenix and the surrounding area puts sellers in a position of leverage. Even if your house needs serious TLC or you’re in a major rush, it’s the location investors will prioritize most. All you need to do is strike a deal! 

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 Phoenix’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.

Header Image Source: (Mark Skalny / ShutterStock)