In today’s competitive real estate landscape, many homeowners are turning to cash home buyers as a faster, stress-free alternative to the traditional selling process. Yet, with the rise of professional home buying services like PRO Home Buyers, there’s also been a surge in misinformation.
If you’ve heard horror stories or conflicting info about selling to a cash home buyer, you’re not alone. In this blog, we’ll address—and debunk—the top 5 myths about cash home buyers so you can make an informed decision.
Myth #1 – Cash Home Buyers Are Just Out to Lowball You
The Truth: Fair Offers Based on Market Data
This is arguably the most common myth—and one of the most damaging. Many people assume that cash buyers will give you a “lowball” offer, taking advantage of your urgency.
However, reputable companies like PRO Home Buyers base their offers on local market trends, property condition, and recent comparable sales. We aim to give sellers fair and honest cash offers, without the commissions, repairs, or time-suck of listing with an agent.
Unlike traditional agents who take 6% in commissions, we pay no fees or commissions, which means more money in your pocket. And when you consider that we buy as-is and handle all repairs, that “lowball” suddenly looks very reasonable.
Want to see how we calculate our offers? Visit our detailed How We Buy Houses page.
Expert Tip:
Always request a breakdown of how a buyer arrived at their offer. At PRO Home Buyers, transparency is key—we walk you through our calculations so you feel confident every step of the way.
Myth #2 – Cash Buyers Are Scammers or “Wholesalers in Disguise”
The Truth: Not All Cash Buyers Are Created Equal
Let’s be real—there are bad actors out there. From unlicensed wholesalers to people who put your house under contract only to assign it to someone else (often at a profit), there are some shady deals in the market.
But that’s not PRO Home Buyers.
We are local, professional property buyers in Providence with a proven track record and real testimonials from Rhode Island homeowners. Our mission is to provide honest solutions to homeowners in all kinds of situations—whether you’re dealing with foreclosure, divorce, probate, or relocation.
Curious about how professional property buyers differ from wholesalers or agents? Check out our in-depth comparison article: Property Wholesalers and Providence Real Estate Agents.
Expert Tip:
Ask potential buyers if they’re the end buyer or if they plan to assign your contract. At PRO Home Buyers, we buy directly and close in your timeline, no third parties involved.
Myth #3 – You’ll Get More Money Listing with a Real Estate Agent
The Truth: Sometimes, But Not Always—It Depends on Your Priorities
Sure, if your home is in mint condition and you have the time to wait 90+ days, listing may get you a slightly higher sales price. But that doesn’t always mean more money in your pocket.
When you factor in repairs, closing costs, agent fees, cleaning, showings, and holding costs (like mortgage payments, utilities, taxes), selling to a cash buyer like PRO Home Buyers often nets you just as much—or more.
We make the process fast and hassle-free, without the red tape or hidden costs. If you’re not sure which route is best, we’ve laid it out clearly for you in our Compare Selling Options page.
Expert Tip:
Use a side-by-side comparison tool to weigh your options. Always calculate net proceeds, not just the top-line offer.
Myth #4 – Cash Home Buyers Only Buy Homes in Terrible Condition
The Truth: We Buy All Homes, Any Condition, Any Situation
Another popular misconception is that cash buyers only purchase dilapidated properties. While it’s true that many sellers come to us with distressed or inherited homes, we also buy updated and well-maintained properties.
Our buying criteria is simple: we work with motivated sellers who need speed, convenience, or certainty—not just those with fixer-uppers.
Whether your home needs a new roof, a full clean-out, or is move-in ready, PRO Home Buyers is ready to make a fair offer. Even homes with tenants, liens, or title issues are welcome.
Want to know exactly what we buy? Check out our main service page here: We Buy Houses in Rhode Island.
Expert Tip:
If you’re unsure if your home qualifies, reach out for a no-obligation consultation. Most sellers are surprised to learn their property is a perfect fit.
Myth #5 – The Process is Complicated and Risky
The Truth: It’s Simpler Than Traditional Sales
This myth couldn’t be further from the truth—if you’re working with the right buyer.
Our process at PRO Home Buyers is designed for simplicity. Here’s how it works:
- Contact us with your property details.
- We schedule a walkthrough.
- Receive your cash offer in 24–48 hours.
- Choose your closing date, and we handle the rest—even the paperwork.
We work with reputable local title companies and attorneys to ensure everything is legal and transparent. There are no surprises, no fees, and no obligations.
Want a full walkthrough of our four-step system? See our How We Buy Houses page.
Expert Tip:
Ask if the buyer uses a licensed title company. This ensures everything is legal, clear, and protects both parties in the transaction.
Additional Common Misconceptions—Bonus Myths
“Cash Offers Are Too Good to Be True”
Sometimes the ease of the process makes sellers skeptical. But it’s not too good to be true—it’s just a different business model. We earn by renovating and reselling the property, not by squeezing sellers.
“You Have to Accept the First Offer”
Absolutely not. Our offers come with no obligation. We even encourage you to shop around. We’re confident our service and speed will win you over.
Real People, Real Stories: Why Homeowners Choose PRO Home Buyers
Over the years, we’ve worked with hundreds of homeowners across Rhode Island and Massachusetts. Many came to us feeling overwhelmed, frustrated, or in distress—and left with peace of mind and cash in hand.
Whether it’s avoiding foreclosure, navigating probate, or simply moving on from a property you no longer want, we’re here to help.
Don’t just take our word for it—read what real sellers have to say on our Professional Property Buyers in Providence blog post.
Final Thoughts: Is Selling to a Cash Home Buyer Right for You?
If speed, simplicity, and certainty are your priorities, then working with PRO Home Buyers may be the perfect solution. We’re not just buyers—we’re problem solvers. And we believe in offering honest solutions, every time.
No commissions, no cleaning, no repairs. Just a straightforward sale on your timeline.
Ready to see what your home is worth? Contact PRO Home Buyers today for a fast, fair, and free offer—no obligations, just clarity.
Frequently Asked Questions About Cash Home Buyers
What is a cash home buyer?
A cash home buyer is a person or company that purchases properties without relying on traditional financing like a mortgage. Companies like PRO Home Buyers have the capital on hand to close quickly—often in just a few days.
How fast can PRO Home Buyers close on my house?
We can close in as little as 7 days, or on your schedule. Whether you need to sell immediately or prefer to wait a few weeks, we’ll work around your timeline.
Do I have to make repairs before selling?
Nope! We buy homes as-is, so you don’t have to lift a finger. That means:
- No cleaning
- No repairs
- No inspections
We handle all of that after the sale.