Cash Home Buyers in Rhode Island: Myths vs. Reality

RPS Property Solutions • June 12, 2025

If you’ve searched for ways to sell your house fast in Rhode Island, chances are you’ve come across ads like “We Buy Houses for Cash!” While some people have had great experiences, others are skeptical—and we get it. There are a lot of misconceptions about what it means to work with a cash home buyer in Rhode Island.

In this post, we’re breaking down the most common myths and separating fact from fiction—so you can make the best decision when it’s time to sell your home.

Myth #1: Cash Buyers Are Just Scammers

Reality: Not all cash buyers are created equal—but reputable ones are legitimate and trustworthy.

At RPS Property Solutions, we’re a local, experienced cash home buyer in Rhode Island who works directly with homeowners to offer fair, transparent deals. We provide written offers, explain our process, and never pressure sellers to accept.

Tip: Ask for proof of past purchases or local references to confirm you're working with a credible buyer.

Myth #2: Cash Offers Are Always Lowball Offers

Reality: A fair cash offer is based on real market data and property condition—not an attempt to take advantage.

We consider the after-repair value (ARV), renovation costs, current market trends, and other factors to provide an honest offer that reflects your home’s value—even if it needs work. While cash offers are typically below market retail, remember:

✔️ No agent fees
✔️ No repairs
✔️ No waiting months to sell

When all costs are considered, many sellers walk away with similar or even better net proceeds than through a traditional sale.

Myth #3: You Have to Sell Immediately If You Get a Cash Offer

Reality: A good cash home buyer lets you sell on your terms.

We offer no-obligation offers, and you decide when (or if) you want to sell. Whether you need to close in 7 days or 45 days, we work with your timeline. Pressure tactics? Not here.

Myth #4: You Can’t Sell an Inherited or Problem Property for Cash

Reality: Cash buyers specialize in these situations!

Inherited properties, homes with liens, houses mid-divorce, or properties in disrepair are often hard to list—but perfect fits for a cash sale. We buy homes as-is, no matter the situation or condition.

Myth #5: Cash Home Buyers Are All National Chains

Reality: Many of the best cash buyers are right here in your own backyard.

At RPS Property Solutions, we’re proud to be a locally owned and operated business in Rhode Island. We understand the local market, work face-to-face with sellers, and care about building trust—not just flipping homes.

Why These Myths Matter

Believing the wrong things about cash buyers could stop you from making a smart move during a tough time—whether you're facing foreclosure, relocating, or dealing with a burdensome property.

A fair, honest cash offer can be the simplest and most stress-free way to sell your home in Rhode Island. That’s why we’re here—to answer your questions, walk you through every step, and give you confidence in your decision.