Do cash buyers pay closing costs in Maryland?

We pay the standard seller closing costs, and the title company pays transfer and recordation tax from closing funds. You bring no check to the table. Anything you owe on the house, a mortgage payoff or back taxes, still comes out of the proceeds.

Is the cash offer the amount I actually receive?

Yes, less what you owe on the property. No fees, no commission, no repair credits. If a buyer’s number changes after inspection, that was not the number.

Why is a cash offer lower than the online estimate?

An online estimate prices the house as if it were fixed up and listed. A cash offer prices it as it sits today, with the repair budget and the buyer’s resale costs taken out.

Maryland

How much do cash home buyers pay for a house in Maryland?

Typically 10 to 25 percent under what the house would sell for fixed up and listed. The offer is the renovated value minus the repair budget, minus the buyer’s carrying and resale costs, minus a margin. What you get back for the discount is no commission, no seller closing costs, no repairs, no cleanout, and a closing date you pick.

The short version

A worked example from our cost guide: a house worth $560,000 renovated that needs $80,000 of work, with our costs plus margin at $85,000, gets an offer around $395,000.
A listing usually costs 5 to 6 percent in commission, roughly 1 to 2 percent in seller closing costs, the repairs and prep, and 2 to 4 months of carrying costs while it sits. Those lines are $0 in a cash sale.
Transfer and recordation tax is set by law, not by the buyer, and the combined rate runs from under 2 percent of the price to 3 percent depending on the county. Our county by county table has every rate. When you sell to us the title company pays it from closing funds.
An offer far below the 10 to 25 percent band usually means a wholesaler is leaving room for an assignment fee. Are cash home buyers in Maryland legit has the checks.

How the number is built, line by line

Renovated value: what fixed up comparable houses in your neighborhood actually sold for, not an online estimate.
Minus the repair budget, itemized. Roof, systems, kitchen and bath, cleanout.
Minus carrying and resale costs: the transfer and recordation tax we pay when we buy, utilities and taxes while we renovate, and the commission we pay when we resell.
Minus our margin. The result is the written offer, and it does not move at closing.

When a cash offer is the wrong answer

The house is already in retail condition. A listing will net more, and we will say so.
You have time and cash for repairs. The 10 to 25 percent discount is the price of skipping them.
The offer has no math. Ask for it, and compare two or three offers against a listing estimate before you sign. Should I accept a cash offer on my Maryland house is the worksheet.

Get your Maryland cash offer

Written, usually within a day, with the math shown.

Prefer to talk? Call (443) 505-7653

Maryland seller questions

Do cash buyers pay closing costs in Maryland?: We pay the standard seller closing costs, and the title company pays transfer and recordation tax from closing funds. You bring no check to the table. Anything you owe on the house, a mortgage payoff or back taxes, still comes out of the proceeds.
Is the cash offer the amount I actually receive?: Yes, less what you owe on the property. No fees, no commission, no repair credits. If a buyer’s number changes after inspection, that was not the number.
Why is a cash offer lower than the online estimate?: An online estimate prices the house as if it were fixed up and listed. A cash offer prices it as it sits today, with the repair budget and the buyer’s resale costs taken out.