In Q2 2024, over 30% of US homes sold for cash. A cash sale means no repairs, no delays, and a quick 7-14 day closing. No wonder Detroit homeowners ditch repairs and choose cash buyers for a hassle-free sale!
Getting a fair cash offer is like casting a line in the Detroit River—some days you reel in a big catch, other days you get nothing at all. The solution? List on cash buyer marketplaces! Your home will be visible to local and national cash buyers instantly.
Key Takeaways
- The best cash buyer companies in Detroit are Clever Offers, Houzeo, Connect Home Buyers, Jay Buys Detroit, ASAP Cash Home Buyers, and House Cashin.
- Clever Offers is the top choice for getting quick cash in Detroit. You can get offers from multiple buyers in just 7 days.
- Houzeo is the next best option, where multiple cash buyers can submit offers. This may drive up your home’s price.
- While Connect Home Buyers and Jay Buys Detroit offer speed, their offers are often lower and non-negotiable.
- iBuyers such as Opendoor provide convenience, but have strict eligibility criteria.
- To avoid cash buyer scams, verify buyer credentials and read company reviews before accepting any offer.
Reviews: 6 Top Cash Home Buyers in Detroit
1. Clever Offers
QUICK CASH OFFERS
Listing Fee: None.Clever Offers, part of Clever Real Estate, connects you with multiple cash buyers to compare offers and find the best deal for your timeline. They have three programs:
- Cash Offers: You can sell your home as-is to vetted cash buyers. It’s a fast and convenient way to sell your home without repairs and staging.
- 7-Day Sold: This is a short MLS listing aimed at competing cash bids. It allows you to list your home for 7 days, improving your chances of securing the highest and best offer.
- Instant Cash Offer: You get most of your home’s value upfront, plus a bonus when the buyer resells. This program is perfect for sellers who want quick funds and a chance to benefit from future market gains.
Comparing cash offers is free. Depending on the option you choose, a partner service fee may apply.
Clever Offers have several advantages:
- Multiple Cash Offers: Get competing bids from vetted investors (often within 24–48 hours).
- Customized Assistance: Whether you want speed, certainty, or the best possible payout, Clever Offers gives you flexible options to match your goals.
- As-Is Sale: Skip repairs, showings, and cleanup; buyers on Clever Offers purchase the property in its current condition, which speeds up and simplifies the process.
- Concierge Support: A licensed team reviews your offers, walks you through next steps, and, if needed, provides a quick open-market opinion for comparison.
- Nationwide Coverage: Clever Offers operates across all 50 states in the US. However, specific offer types may vary by market.
- Flexible Options: Side-by-side options let you balance speed, certainty, and price — so you don’t have to settle for a one-size-fits-all solution.
Here are some drawbacks we found about Clever Offers:
- Offers Can Vary: Some cash home buyers follow the 70–80% of the after-repair value rule of thumb, which is less than what you’d likely get on the open market. Competition usually helps, but outcomes differ by market and condition.
- Market Availability: Specific programs (e.g., iBuyers, Instant Cash Offer) depend on local coverage.
Clever Offers is a part of Clever Real Estate, which boasts a 4.9 out of 5 star-rating from over 3,696 reviews on Trustpilot.
👉 Our Take: Clever Offers is a good choice if you need to sell quickly, want to avoid repairs or prefer an easy process. Their three different programs give you more flexibility to choose what works best for your situation.
2. Houzeo
MAX EXPOSURE TO CASH BUYERS
Listing Fee: $149Houzeo is the best option if you’re looking for multiple cash offers. Your MLS listing will be exposed to local and national cash buyers, increasing the number of offers you receive.
- Pricing: $149 + 1% at Closing
- MLS Listing: Your home gets full 6-month MLS exposure with unlimited high-quality photos showcasing its best features.
- Cash Buyer Network: Your listing is automatically visible to major cash buyers like Opendoor, HomeVesters, Offerpad, We Buy Houses, and dozens more.
- Unlimited Updates: Make as many listing changes as needed—adjust price, photos, or details without restrictions or extra fees.
- Closing Support: Get expert guidance from contract to closing with dedicated consulting to ensure a smooth transaction.
» Houzeo Reviews: Find out why Houzeo is one of America’s best “Sell my house for cash” option.
Houzeo is America’s #1 “Sell my house for cash” option because:
- Your Property will be on All Major Real Estate Websites: Houzeo’s packages give you access to the MLS. This showcases your property on 100s of websites like Zillow, Realtor.com, Redfin, etc.
- 5-Star Customer Service: Houzeo’s customer service desk is available 6 days a week. Chats and emails are open 7 days a week.
- 100% Online: Houzeo has cutting-edge tech. For you, this means easy listing, fast changes, online showings, and online offers on your phone, from your couch.
With Houzeo, there are no dealbreakers—it’s so simple, a 5-year-old could sell a house!
» Houzeo Pros and Cons: Read the advantages and disadvantages of choosing Houzeo to sell your home for cash.
Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.
👉 Our Take: We recommend Houzeo's Gold plan to maximize your cash offers. It delivers complete transparency with zero hidden fees. Plus, you can access Houzeo’s advanced features to negotiate the best terms for your cash offer.
3. Connect Home Buyers
GOOD COVERAGE
Service Fees: NoneConnect Home Buyers focuses on quick, simple, and hassle-free sales, ensuring a free cash offer on a house within four hours.
- Typical Offer: 50% to 80% of Fair Market Value.
- Eligible Properties: They buy inherited properties, homes in foreclosure, behind on payments/taxes, or fire-damaged homes, etc.
- Closing Offer Terms: Once the title clears, they close with a local title company.
- Service Fee: None.
Connect Home Buyers offers several advantages for homeowners across the nation.
- Sell As-Is: No repairs needed. You can sell your house as is.
- Quick Offer: According to their website, they will present you with a preliminary offer within 4 hours of contact.
- Flexible Closing: You can close as per your convinience.
Watch out for the following deal breaker when dealing with Connect Home Buyers.
- Investors Make the Offer: They don’t directly buy your property most of the times, instead connect you with a real estate investor. Investors may pull out of deal due to various reasons such as condition of the house.
- Late Response: They sometimes response late on your house query. Also, you can expect more than one home inspection, on the investor’s demand.
- Not 100% Online: Lack of online presence can mean that processes, like requesting a counteroffer or managing inspections, will be offline and manual. They don’t even have a mobile app.
Connect Home Buyers has 4.8 out of 5 stars with 25+ reviews on Google.
» Connect Home Buyers vs. Houzeo: Find out which is the better choice for you!
👉 Our Take: Connect Home Buyers appears to be a reputable national option for homeowners seeking a quick, as-is sale of their property. However, as with any cash buyer, sellers may have to settle for an offer below the Fair Market Value.
4. Jay Buys Detroit
LOCAL CASH BUYER
Service Fees: NoneJay Buys Detroit is a local cash home buying company focused on serving homeowners in the Detroit metropolitan area.
- Typical Offer: 50% to 70% of the property’s Fair Market Value.
- Eligible Properties: They deal in properties with foreclosure, tenant problems, inheritance or divorce issues, etc.
- Closing Offer Terms: They can close in less than 30 days. Also, a local title company verifies the title on your house before proceeding further.
- Service Fee: None.
Jay Buys Detroit offers several key advantages for homeowners in the Detroit area, like:
- Speed of Transaction: If you want to sell your house fast, they complete the sale within a matter of days.
- No Closing Costs: You don’t need to pay any seller closing costs.
- No-Obligation Offer: You can expect a no-obligation cash offer after a home inspection, no matter the condition of your house.
While the convenience offered by Jay Buys Detroit can be appealing, it’s important for sellers to be aware of potential drawbacks like:
- Limited Coverage: The service is limited to the Detroit metropolitan area, and surrounding cities.
- Non-Negotiable Cash Offers: As an investor, they may not offer more than 70% of your property’s Fair Market Value. Even if your property isn’t distressed, they will rarely budge on the offer price.
Jay Buys Detroit has 4.8 out of 5 stars from 35+ reviews on Google.
» Jay Buys Detroit Reviews: Read our in-depth review of Jay Buys Detroit to uncover how this local cash buyer really stacks up.
👉 Our Take: Jay Buys Detroit is a popular option for a fast and hassle-free sale. However, you may have to settle for a lowball offer in return for the speed and convenience you get.
5. ASAP Cash Home Buyers
NATIONWIDE COVERAGE
Service Fee: NoneASAP Cash Home Buyers aims to provide a straightforward process for quick sale:
- Typical Offer: While not explicitly stated on their website, the offers typically range from 50% to 70% of the property’s Fair Market Value.
- Eligible Properties: The company buys a variety of properties including condos, townhouses, etc. Properties with structural issues or homes facing foreclosure, even those in high-crime areas, are also considered.
- Closing Offer Terms: They aim for a fast closing, with timelines potentially ranging from 7 to 28 days after accepting the offer.
- Service Fee: None.
Here are some of the benefits that you get with ASAP Cash Home Buyers:
- Nationwide Coverage: ASAP Cash Home Buyers operates across all 50 states, offering broad accessibility.
- Flexible Closing Date: They aim to work with your preferred closing timeline, potentially closing in as little as 7 days.
- No Hidden Costs: ASAP Cash Home Buyers mention all their fees upfront.
- Purchase of Distressed Home: You can sell your home as-is to save time and without any minor repair work.
In our research, we have found certain drawbacks of ASAP Cash Home Buyers:
- Varying Level of Service: ASAP Cash Home Buyers partners with other real estate investors. Therefore, there’s no guarantee that you will work with a knowledgeable and responsive buyer.
- Only Purchase Homes: ASAP Cash Home Buyers does not buy property interests like timeshares, hotels, or rental communities. Thus, if you want to sell other properties, you need to consider other options.
- Limited Negotiation: Since they have a streamlined process, it can result in fixed terms and conditions. This means you have less opportunity to negotiate on the offered price.
ASAP Cash Home Buyers has a rating of 4.8 out of 5 stars with 35+ reviews on Google.
» ASAP Cash Home Buyer Review: Want to know more about the company? Read our in-depth analysis.
👉 Our Take: ASAP Cash Home Buyers could be a viable option if your priority is a fast, hassle-free sale and you want to avoid repair costs and fees. However, be prepared to receive a cash offer that is significantly below market value.
6. House Cashin
CASH HOME BUYER
Service Fees: NoneHouse Cashin is an online platform that connects home sellers to credible real estate investors and other parties. You can receive multiple cash offers on your house within 24 hours.
- Typical Offer: 50% to 70% of Fair Market Value.
- Eligible Properties: House Cashin offers cash for damaged houses, selling inherited properties, homes facing foreclosures, etc.
- Closing Offer Terms: Once you accept an offer from an investor, they close within 7 days.
- Service Fee: None.
Here are some advantages to sell your house fast with House Cashin:
- Competitive Cash Offers: You might recieve multiple no-obligation offers from real estate investors within 24 hours.
- Nationwide Coverage: House Cashin offers its services in all 50 states and Washington D.C.
- Zero Service Charges: No commissions or closing costs.
- Selling As Is: You can save on repair costs and sell your house as is.
You should also consider the drawbacks of selling your house with House cashin:
- Inconsistent Quality of Service: The offers made on your property are by local real estate investors, meaning service quality might differ.
- Non-Negotiable Cash Offers: Although you receive multiple offers, no investor may offer more than 70% of your property’s Fair Market Value.
House Cashin has 4.7 out of 5 stars from 10+ reviews on Google.
» House Cashin vs. Houzeo: Read further to know why Houzeo is better than House Cashin.
👉 Our Take: House Cashin is a company that connects homeowners with potential buyers. Since there are multiple offers, you can pick one at your convenience.
Are Companies That Buy Houses for Cash in Detroit Legit?
Yes, companies that buy houses for cash are legitimate and operate legally nationwide. In fact, the National Association of Realtors (NAR) validates cash buyers in the Motor City. However, be sure to read company reviews and seller testimonials to find a legitimate cash buyer.
3 Types of Companies That Buy Homes in Detroit
- We Buy Houses for Cash Companies: Cash buyers like House Cashin and ASAP Cash Home Buyers purchase distressed homes, typically paying 30% to 70% of their FMV.
- iBuyers: iBuyers, such as Opendoor, provide instant cash offers between 70% and 80% of the FMV. They have strict eligibility requirements, limiting the types of homes they purchase.
- Home Trade-in Services: Companies like Knock or Orchard offer cash for your home before you move out. This helps you buy your new house without any delay.
4 Steps to Sell Your Home for Cash in Detroit
Not sure how to sell your home for cash in Detroit? Just follow these 4 steps:
- Find a Cash Home Buyer: Research all local companies buying houses for cash and opt for one with great client testimonials.
- Request an Offer: Once you’ve selected a cash buyer, request an offer on their website. You’ll have to provide information like the property type, number of rooms, asking price, etc.
- Schedule a Home Visit: A company representative will then inspect your house. The final cash offer will be based on the outcome of this inspection.
- Close the Deal: If you’re happy with the offer, finalize the deal. Remember to get all the paperwork for selling a house without a Realtor verified by a real estate attorney.
How Much Do Cash Buyers in Detroit Pay?
Detroit cash house buyers usually offer between 30% to 70% of a home’s After-Repair Value. However, it depends on factors like the company you’re selling to, their service fees, etc.
Imagine if you were selling your $99,000 home in Detroit. With a traditional cash home buyer, you could get just $69,300. However, with the best cash buyers in Detroit, you may potentially get top dollar for your home!
Pros and Cons of Cash Home Buyers in Detroit
Given that more sellers are opting for cash buyers in Detroit, here are some pros and cons you must consider before you sell with them:
✅ Pros
- Fast Cash Offers: “We Buy Houses for Cash” companies extend offers within 24-48 hours.
- Flexible Closing: Cash buyers in Detroit close quickly and on your timeline. So you can sell your home anywhere between 7 days to 30 days.
- No Repair Costs: Most cash buyers purchase properties as-is. This eliminates the need for repairs, saving thousands of dollars.
❌ Cons
- Lowball Cash Offers: Detroit cash house buyers typically pay only 30% to 70% of a home’s FMV. So you leave a significant amount of your home’s equity on the table.
- Non-Negotiable Deals: Such cash offers are usually take-it-or-leave-it. There’s little to no room for negotiation, which limits your ability to secure a better offer.
- Possible Closing Costs: Some cash buyers might force you to pay seller closing costs in Michigan. Always check the terms, or you could be out 6.25% to 9%!
Common “We Buy Houses for Cash” Scams 🚩
If any Detroit cash home buyer extends an offer that seems to-good-to-be-true, it probably is. Stay alert, and don’t fall victim to the following scams.
- Bait-and-Switch Offers: Scammers present appealing offers and then change them later, hoping you’ll accept out of desperation. Always verify the terms before you sell your house for cash or accept an offer.
- Deed Fraud: Fraudsters can sell or mortgage your home without your consent using fake documents. Check customer testimonials and online reviews before you select a cash buyer.
- Loan-Flipping Scams: Some scammers may pressure you to sell your home fast for cash by offering loans that drain your equity. Always consult a trusted advisor before agreeing to any cash offer.
- Email Phishing: Scammers send fraudulent emails pretending to be agents, title companies, or lenders. They trick you into wiring money or providing personal details for fake services. Always confirm the authenticity of any cash offer for a home via a phone call.
» We Buy Houses Ripoff: Learn how to avoid falling victim to the scam.
Alternatives to Companies That Buy Houses for Cash in Detroit
- Flat Fee MLS Services: You can get up to 100% of your home’s FMV with a Michigan Flat Fee MLS listing service. Your home is visible to multiple cash buyers, increasing your offers.
- For Sale By Owner: When you sell FSBO, you’ll have to manage offers, handle paperwork, and negotiate, all by yourself. But with the best FSBO website in Detroit, your home gets listed on the MLS with max exposure!
- Full-Service Realtors: They provide various services from listing to closing, but charge a hefty 5% to 6% commission.
- Discount Real Estate Brokers: They offer services like contract review and negotiation for a lower fee than traditional agents. Discount brokers in Michigan charge between 0.5% to 2.5% as commission.
5 Tips to Sell Your Home Fast in Detroit
- Price Your Home Realistically: Get a Comparative Market Analysis report or use Houzeo’s free home value estimator before finalizing your price. The right price will attract potential buyers faster.
- List on a Cash Buyer Marketplace: Home flippers are constantly looking for investment houses for sale in Detroit. You could get multiple offers for your home, driving up its home sale price.
- Address Minor Repairs: Fix leaky faucets and broken outlets, and give your house a fresh coat of paint to boost its appeal. Even small upgrades can significantly increase your home’s value and help you sell faster.
- Respond to Enquiries Quickly: Answering buyer inquiries promptly demonstrates your commitment to selling your house quickly. Maintain flexibility for weekend showings to accommodate busy buyers’ schedules.
- Create Compelling Virtual Tours: High-quality photos and virtual tours help your listing attract remote buyers and sell your home quickly.
Should You Sell to Cash Home Buyers in Detroit?
Yes, but only if you’re ready to say goodbye to 30% to 70% of your home’s equity. That’s the price you pay for a quick sale. On the other hand, with top cash buyer marketplaces, you can compare multiple offers, sell fast, and potentially get top dollar for your home.
