‘We’ll buy your house for cash’ — Who is offering, and how is it impacting Utah’s housing market?

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Homeowners in Utah’s red-hot housing market are likely familiar with the offer.

It’s stuffed into mailboxes, resting under letters and bills. It’s advertised on signs stapled to neighborhood utility poles. The wording varies, but the message is the same: We’ll buy your house for cash, completely hassle-free — no need for repairs, inspections or fees associated with hiring a real estate agent.

“I would say for every 800 flyers I send out, I probably get one call,” said Alan Larsen, a West Jordan-based real estate investor.

One Sugar House homeowner received 10 such flyers in the mail in a matter of weeks this fall. Some were printed in a font that appeared handwritten. One even had a picture of the home printed on it.

The face behind the flyer

Utah cash buyers seem to take on two molds: real estate investors and everyday…

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