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17 min read Jan 18, 2023

7 Best Companies That Buy Houses for Cash in Ferndale, MI

Companies that buy houses for cash in Ferndale MI

Ferndale, MI, is a seller’s market, which implies that more people are looking for properties to buy than available homes. The average home price in Ferndale has increased by 7.6% from last year. Companies that buy houses for cash in Ferndale are available as opposed to iBuyers.

There are two types of companies that buy houses for cash:

  • “We Buy Houses For Cash” Companies: Typically offer about 50% to 70% of the property’s market value. They usually have no service or closing fees. They will also buy properties that are distressed or rented.
  • iBuyer CompaniesTypically offer 70% to 100% of the property’s fair market value. iBuyers usually can have high service fees and don’t buy distressed or rented properties.

💰 Get Top Dollar Cash Offers On Your Terms: Major iBuyers, including Opendoor and cash buyers, submit offers on Houzeo properties. An MLS listing via Houzeo.com gives you maximum exposure. List NOW!

Rankings: 7 Best Companies That Buy Houses for Cash in Ferndale, MI

CompanyPotential Offer PriceService FeesClosing Time100% Online5-star Reviews*Mobile App
1. Houzeo.com100% of Market Value*$349 Flat Fee7 to 60 days
2. We Buy Ugly Houses50% to 70% of Market ValueNone7 to 60 days
3. Jay Buys Detriot50% to 70% of Market ValueNone7 to 30 days
4. Detroit Cash For Homes50% to 70% of Market ValueNone7 to 30 Days
5. We Buy Houses50% to 70% of Market ValueNone7 to 60 Days
6. Detroit Fair Offer50% to 70% of Market ValueNone7 to 60 Days
7. United Property Buyers50% to 70% of Market ValueNone7 to 60 Days

*An MLS listing via Houzeo exposes your home to the open market. The open market will almost always be more competitive than offering your house to a single potential cash home buyer.

** For 5-star Customer Reviews, ratings above 4.75 out of 5 stars have been considered. Houzeo has rated 5.0 stars on Google Reviews and 4.9 stars on Trustpilot.

Reviews: 7 Best Companies That Buy Houses for Cash in Ferndale, MI

1. Houzeo.com

🎖️ Max Exposure to Cash Buyers

Houzeo

Houzeo Logo
  • Service Fee: $349 Listing Fee
  • Available in 80+ U.S. Markets
  • 5 Stars 4.9/5 (out of 4,434 reviews)

Houzeo is the best option if you’re looking for multiple cash offers. An MLS listing via Houzeo.com provides exposure to the max number of cash buyers. This includes Opendoor and Homevestors, who have recently submitted cash offers on Houzeo.

  • Service Fee – $349: Houzeo does not charge a 5% service fee or any undisclosed closing fee.
  • Maximum Cash Offer: Your property will get max exposure to cash buyers via the MLS. This includes major portals like Zillow, Realtor.com, and Redfin. All local and national cash buyers, including iBuyers, will be aware of your listing and compete for it.
  • Types of Properties: On Houzeo Marketplace, you can market properties in any condition and sell your house as is.
  • Flexible Closing Date & Offer Terms: You can specify and negotiate the cash terms you want for your closing.
  • Nationwide Coverage: Houzeo is available in 47 states across the U.S., so you can market to local cash buyers almost anywhere.

👉 Our Take: For sellers looking to maximize their cash offers, we recommend Houzeo’s Gold plan. It will get you maximum exposure to cash buyers via the MLS. You will also have Houzeo’s advanced features to negotiate the best terms for your cash offer.

» Houzeo Reviews: Learn why Houzeo is America’s Real Estate Super App

  • Near Nationwide Coverage: Houzeo covers 47 states + DC.
  • No Listing Agent Commission: With Houzeo, you only pay a small flat fee to get access to the MLS and all the Houzeo tech
  • 100% online: Easy listing, fast changes, online showings, and online offers
  • Max Exposure: Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other real estate websites
  • Fast Listing: Rush listing option gets you listed within a business day with Houzeo Concierge. This is best to sell your house fast.
  • Real Estate On the Go: Houzeo Mobile App mimics most functionality of the Houzeo web platform, including Offers and Showings
  • 5-Star Customer Service: Superb support that minimizes Houzeo complaints
  • No Hidden Fees: There are no Houzeo hidden fees

» Is Houzeo Legit: Learn more about Houzeo.com’s locations and services

Houzeo has a stellar rating of 4.9 out of 5 stars, with reviews on popular sites like Google & Trustpilot.

» Houzeo Reviews: Check out what customers have to say about Houzeo.com!

Houzeo is available nationwide with coverage in 200+ markets.

The 6 Best We Buy Houses for Cash” Companies in Ferndale

“We buy houses for cash” companies are conventional, fast home buyers in Ferndale, MI. They make instant cash offers and buy houses as-is, even extremely distressed properties.

Usually a “franchise” network of real estate investors and local house flippers, “we buy houses for cash” companies offer as low as 30% of the home’s fair market value.

» More: How Do “We Buy Houses for Cash” Companies Work?

2. We Buy Ugly Houses

NATIONWIDE COVERAGE

We Buy Ugly Houses

We Buy Ugly Houses
  • Service Fee: None
  • Closing in 3 weeks
  • 2 Stars  2/5 (out of 6 reviews)

We Buy Ugly Houses is a 20-year-old cash home buyer brand owned by HomeVestors. With a tried & tested business model of buying homes for cash, the company typically caters to distressed home sellers looking for cash offers. Each office is operated by a local real estate investor independently.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of ugly houses, i.e., distressed properties with structural issues, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Date & Offer Terms: We Buy Ugly Houses provides a flexible closing date, up to 30 days out. Offer terms are inflexible, and some franchisee offices may use controversial tactics to close the cash home deal.
  • Limited Coverage: We Buy Ugly Houses covers 1,100 cities.

🚩 You Should Know: We Buy Ugly Houses independently operates on a franchise model, so the quality of service you receive depends on your location. Research the customer reviews of the franchise in your locality before accepting any cash offers.

👉 Our Take: This home-buying company is best for home sellers looking to close quickly and don’t expect a lot of cash for their house. Remember—an MLS listing on Houzeo.com will put you in front of cash buyers, increasing your chance of getting multiple offers.

» We Buy Ugly Houses Reviews: Everything you need to know about this cash buyer

  • Get a preliminary cash offer on a house in 24 to 48 business hours and close within 3 weeks.
  • We Buy Ugly Houses decides the cash offer based on local market sales & housing trends.
  • No need to prep the home for listing or worry about house repairs.
  • Pays less than what sellers could net on the open market.
  • Quality of service varies between franchises.
  • Controversial tactics for closing the sale.
  • If you can negotiate well or have a desirable property, the final cash offer could increase, but we don’t have any hard data about this.

👎 Poor Customer Reviews: We Buy Ugly Houses has 2 out of 5 stars with 6 reviews on Yelp.

👍 Houzeo Reviews: Houzeo is rated 4.9 out of 5 stars, with a 4.9 rating on Trustpilot and a 5.0 rating on Google.

We Buy Ugly Houses offers cash for houses in 45 states in 1,100 locations nationwide.

» Companies That Buy Houses: Check out America’s top cash home buyers

3. Jay Buys Detriot

No hidden fees

Jay Buys Detroit

logo image
  • 💲 Services Fees: None
  • 5 Stars 5/5 ( Out of 34 Reviews )

Jay Buys Detroit is a real estate solutions company that buys houses for cash in Michigan. They buy homes as-is, in any condition. The seller does not have to do any repairs nor pay any commission or fees.

The selling process starts with a simple online form. After reviewing the details filled out by the seller, the company offers a fair, no-obligation cash offer in 24 hours. If the offer is accepted, a home inspection is scheduled, with a quick closing on the way.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All houses, i.e., distressed properties with structural issues, condemned properties, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Date & Offer terms: Jay Buys Detroit takes 24 hours to share a cash offer. The closing timeline is flexible, and homes close within 30 days.
  • Limited Coverage: Jay Buys Detroit only offers cash for houses in Michigan.

👉 Our Take: Jay Buys Detroit is best for home sellers looking for reliable, local cash buyers and a hassle-free sale.

  • Get an offer in 24 hours
  • Close in as little as two weeks
  • You save repair costs as they offer all cash offers for “as-is” houses.

Jay Buys Detroit has 5 stars out of 5 stars with 34 reviews on Google.

Jay Buys Detroit buys houses in Detroit and all surrounding areas in Michigan, including Ferndale, Southfield, Oak Park, Madison Heights, Berkley, Harper Woods, Farmington Hills, Warren, West Bloomfield, Westland, Livonia, Redford, and Eastpointe.

4. Detroit Cash For Homes

Local Cash Buyer

Detroit Cash For Homes

Detroit Cash for Homes
  • 💲 Service Fees: None
  • 5 Stars 5/5 ( Out of 6 Reviews )

Detroit Cash For Homes is a local cash buyer which helps homeowners to sell their houses quickly. They buy properties in as-is conditions which also cut down the process of fixing and repairs.

📌 How does Detroit Cash For Homes work?

Get started by filling out a simple online form and get the process started. Once you are done with the online form they will make a call and get the appointment fixed to see your house. Once the house visit is done from their end you will receive a cash offer on the table which you can either accept or reject.

Detroit Cash For Homes offers 50% to 80% of the property’s Fair Market Value (FMV).

📧 Preliminary Cash Offer:  Detroit Cash For Homes takes approx. 24 business hours to share a cash offer.

📆 Closing Timelines: Flexible; homes close within 7 to 30 days.

💲 Service Fee: None.

💲 Closing Costs: None.

Best For: Home sellers looking for local property investors and instant offers.

  • Get an offer in approx. 24 hours
  • Close in as little as two weeks
  • No matter what the condition of the house, cash buyers will definitely buy them
  • Local property investor

Detroit Cash For Homes has 5 stars out of 5 stars with 4 reviews on Google.

Detroit Cash For Homes buys property in Oakland, Wayne, and Macomb county.

5. We Buy Houses

FAST CLOSING

We Buy Houses

Logo - We Buy Houses
  • Service Fee: None
  • Closing in 3 weeks
  • No credible reviews found.

Dealing with a cash buyer company like We Buy Houses (WeBuyHouses.com) is like selling your home to a local real estate investor. We Buy Houses “thoroughly” vets their investors before authorizing them to operate independent offices in their respective jurisdictions. This cash home buyer caters to distressed home sellers and is known to buy properties as-is.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All kinds of ugly houses, i.e., distressed properties with structural issues, couples going through a divorce, a death in the family, flawed mortgage financing, inherited homes, high-crime neighborhoods, etc.
  • Closing Date & Offer Terms: We Buy Houses provides a flexible closing date, up to 60 days out. Offer terms are inflexible, but you can try negotiating for a better cash offer and terms.
  • Near-Nationwide Coverage: WeBuyHouses.com pays cash for houses in 2,700 cities nationwide.

🚩 You Should Know: We Buy Houses is a pre-vetted real estate investor network and operates on a franchise model. Some franchisee offices may use controversial tactics to close the cash transaction.

👉 Our Take: We Buy Houses operates franchises with independent, pre-vetted, local real estate investors. The quality of service depends on your location, so it’s best to check the customer reviews of the local We Buy Houses franchise before requesting a cash offer.

» We Buy Houses Reviews: Everything you need to know about WeBuyHouses.com

  • Get an offer within two days & close in just seven days
  • Private network of pre-vetted real estate investors
  • Once an offer has been made, there is little to no space for negotiation.
  • Most homes get paid less cash than the fair market value.
  • Only interested investors will evaluate your home full cash offer will be made for your house.
  • We Buy Houses’ final cash offer is usually in line with the preliminary cash offer unless the appraiser deducts anything during the home inspection.

👎 Zero Customer Reviews: We Buy Houses has no customer reviews on popular review sites like Google or Trustpilot.

👍 Houzeo Reviews: Houzeo has a stellar rating of 5.0 stars on Google and 4.9 stars on Trustpilot.

We Buy Houses makes cash offers on houses in 49 states with 2,700 offices nationwide.

6. Detroit Fair Offer

LOCAL CASH HOME BUYERS

Detroit Fair Offer

CCC- Detroit Fair Offer Logo
  • Service Fees: None
  • Offers made in 24 hours
  • 5 Stars 4.9/5 (out of 12 reviews)

Detroit Fair Offer is a local and experienced company that buys houses for cash in Detroit Michigan, they buy your house no matter what condition it is in. They are liberal and overlook any sort of damage your house might have.

  • Service Fee:  None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of properties, any reason, any condition, or any challenge.
  • Closing Date & Offer Terms: On average, the closing time is 7 days.
  • Coverage: Detroit Fair Offer works solely in and around Detroit Michigan.

👉 Our Take:  Detroit Fair Offer is a Detroit Michigan based company that buys houses from home owners who want to sell their houses fast after a through inspection.

  • Competitive cash offer within just 24 hours.
  • No fees or commissions.
  • They cover all repair costs as well.
  • The closing date can be within 10 days.

Detroit Fair Offer has 4.9 stars out of 5 on Google.

Detroit Fair Offer works solely in and around Detroit Michigan.

7. United Property Buyers

BUYS HOMES FOR CASH

United Property Buyers

CCC - Uniter Property Buyers Logo
  • Service Fees: None
  • Offers made in 24 hours
  • 5 Stars 4.6/5 (out of 12 reviews)

United Property Buyers is a company that buys houses for cash, they provide a simple, almost casual service of selling your house. They have three simple steps to help you go through it. All they need is a phone call from the client side to roll out personalized offers.

  • Service Fee:  None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of properties, despite the reason, condition, and whatever challenge it may be will be given an offer after a visit.
  • Closing Date & Offer Terms: On average, the closing time is a week.
  • Coverage: United Property Buyers provides its services in major areas of 9 states.

👉 Our Take:  United Property Buyers is a cash home buyer company that provides quick services for anyone who wants to opt out of the traditional way of selling houses.

  • They provide an offer in just 6 minutes.
  • Fair and free, no-obligation cash offer made within 24 hours.
  • They take care of closing costs and you can avoid repair costs as well.
  • The closing date can be chosen at the client’s convenience and selling can be done on their terms.

United Property Buyers has 4.6 stars out of 5 on Google.

United Property Buyers covers major areas of states like North Carolina, South Carolina, Florida, Texas, and Georgia.

Are Companies That Buy Houses for Cash in Ferndale Legit?

Yes, companies that buy houses for cash or cash home buyers in Ferndale are legitimate and operate legally.

However, no industry is free from scammers or companies following the “malign practices” that exist in every industry. So, never pay any money while requesting an all-cash offer on your house.

Check customer reviews and inspect how the company operates before signing any property documents.

Understanding Cash Home Buyers in Ferndale

Companies that offer cash for homes in Ferndale include institutional cash house buyer companies, local house flippers, and real estate investors. They make all-cash offers on homes and typically pay 70% to 90% of the home’s fair market value.

Cash home buyers in Ferndale very often don’t negotiate the offer, thus leaving little room to get 100% of your home’s market value.

💲Cash for My HouseList on the open market with Houzeo.com and get 100% Fair Market Value of your property.

Types of Cash Home Buyers in Ferndale

Companies that buy houses for cash in Ferndale help home sellers skip the hassle of listing on the MLS, marketing their homes creatively, home staging, etc. Two types of house buyer companies make cash offers on homes for sale:

1. “We Buy Houses for Cash” Companies: Lowball Cash Offers But Zero Service Fees

Cash buyer companies that buy distressed properties as-is typically pay 30% to 70% of the home’s fair market value. We recommend “We Buy Houses for Cash” companies in Ferndale for homeowners with inherited homes that need extensive repairs, homes with structural issues or facing foreclosure, or the homes of couples going through a divorce.

Companies like HomeVestors and We Buy Houses are “franchise” networks of pre-vetted real estate investors. Every office is operated autonomously by investors buying homes for cash. This network includes retail cash home buyers, local house flippers, and nationwide investors.

» More: How Do “We Buy Houses for Cash” Work?

2. iBuyers: Fair Cash Offers But Hefty Service Fees

Companies that buy houses for cash with instant non-negotiable offers are calculated based on the property’s location, house condition, required repair costs, calculating ARV (After Repair Value), etc. You get 70% to 90% of the home’s fair market value.

Unlike cash home buyers in Ferndale, MI, that compare local sales data and rely on in-house experts, iBuyer companies use proprietary algorithms to compare millions of historical pricing trends to determine a competitive cash offer price. Opendoor offers the most cash compared to other iBuyers, while Offerpad is known for its fast closings.

How Do I Sell My House for Cash in Ferndale, MI?

Listing on the MLS is the fastest way to get instant cash offers in Ferndale, MI, from “cash for houses” companies. Cash buyer companies and local real estate investors are always scouring the MLS for properties. To sell your house fast for cash, you can also consider the below tips:

  • Listing on the MLS
  • Pricing your home competitively
  • Offering a competitive buyer agent commission
  • Responding fast to inquiries, showings, and offers

» How Do I Sell My House Fast for Cash in Michigan: Here’s a guide to help you sell your home fast.

Should I Sell My Ferndale House As Is?

Selling “as is” means putting your house for sale in its existing condition without any upgrades or improvements. Home sellers choosing to sell their homes as-is are usually in unprecedented situations like a financially difficult situation or need impromptu relocation.

» Selling a House As Is in MichiganCheck out our guide for selling your house as-is.

How Do “We Buy Houses for Cash” Companies Work in Ferndale?

“We buy houses for cash” companies are cash buyers that buy houses “as-is” in Ferndale and at a much lower rate than the market price. These real estate cash buyer companies mostly work offline, and their target audience is distressed home sellers.

Let’s take a look at how the home sale would be with cash house buyer companies in Ferndale:

  • Step 1 – Share details about your house: Most cash buyer companies will collect basic information via phone or online. Sellers have to share location and property condition.
  • Step 2 – Review the preliminary cash offer: After an initial assessment of your property, the home-buying company will make a non-negotiable cash offer.
  • Step 3 – Complete a home inspection: An onsite visit is scheduled if you accept the initial offer price. A third-party inspector or a local firm representative will complete the onsite inspection. Your final offer will be modified proportionately if any essential repairs are required.
  • Step 4 – Accept the final cash offer: After adjusting repair costs and expenses, the cash home-buying company sends a final cash offer. You only need to accept, sign a purchase agreement, and schedule closing if it satiates your ideal requirements.
  • Step 5 – Close on your schedule: “We Buy Houses for Cash” companies can pace up the process and provide more flexibility on timing. You don’t have to wait for a bank to subscribe to a mortgage. In some cases, you may be able to close just within ten days.

How Much Do “We Buy Houses for Cash” Companies Pay in Ferndale?

Companies that buy houses for cash in Ferndale often use the 70% rule.

That means they’ll pay no more than 70% of your home’s market value. Sometimes, home repairs are required, and some cash buyer companies deduct these overhead expenses from your sale proceeds.

Cash Offer = (Market Value of Your House x 70% Offered) – Repairs Costs

Let’s say your home is worth $300,000 at fair market value but needs $25,000 in repairs. Then you might expect a cash offer of only $185,000 from the cash home buyer companies.

You can wait and list your home with a professional real estate agent if you have a capital of $25,000 to spend on repairs. That’s the open market, so you may get a deal worth as much as or more than your home’s current market value.

Some cash home buyers in Ferndale are willing to pay less than 70% of the home’s value after renovations/repairs. We recommend requesting cash offers from multiple cash home buyer companies, with no obligation to close with them.

» Cash for Houses: Check out the top 15 companies that offer cash for houses in 2023’s slow market.

“We Buy Houses for Cash” Companies: Pros and Cons

✅ Pros

  • Fast Cash Sale: In the traditional model, you have to list on the MLS and wait for potential buyers. With “We Buy Houses for Cash” companies, you get a cash offer within 24-48 hours of submitting details on their website.
  • Flexible Closing: “We Buy Houses for Cash” companies to move faster than others because there is no longer a need to wait for mortgage approval or listing paperwork. Many companies provide a one-month closing guarantee or up to two weeks.
  • No Service Fees: “We Buy Houses for Cash” companies acquire your home as-is and don’t charge any service fees. Their lowball offers are enough to recover profits by reselling your property after anticipated repairs.
  • No Upfront Costs: Whether they choose a traditional real estate broker or a Flat Fee MLS company, a home seller incurs costs while listing the house and prepping for sale. Since “We Buy Houses for Cash” companies acquire your home as-is, you don’t have to spend a dime. Required repairs, curb appeal, upgrading furniture, and staging are some elite expenses you avoid when you choose companies that buy homes for cash.

❌ Cons

  • Non-negotiable Cash Offers: When dealing with “we buy houses for cash” companies, the deal is usually take-it-or-leave-it. Although there may be room for negotiations, you can’t expect more than 70% of the market value of your home. If you feel the company overlooked something important, some will allow you to make your case and submit additional evidence to support it; however, most will be unwilling to budge on price.
  • Lowball Offers: “We buy houses for cash” companies generally pay 50% to 70% of the home’s fair market value, deducting all repair, utility, and re-selling expenses. Since they want to sell this home on the open market, they will offer you marginal prices so that they get a profit when they resell.

We Buy Houses for Cash Scams

Cash home buyers in Ferndale are legitimate, but there are scammers in every industry, and that’s how cash for houses scams work. Some common “cash for houses” scams are:

  • Fake “We Buy Houses for Cash” Ad: Scammers post signs and blast emails with a “we buy houses for cash” ad. Families in need of liquid cash or struggling to make their mortgage payments fall for this and end up signing property-related documents in a hurry to close the cash transaction. “Cash for houses” companies lease the property to a new tenant, and the owner is still responsible for making the mortgage payments, but they have lost control of their house.
  • Re-assignment Clause in Listing Agreement: In some states, cash home-buying companies have made home sellers sign a listing agreement with a “reassign” clause. Essentially, this means the seller is permitting somebody else to take control. Home sellers who fall into this trap lose the right to sell their own house!

⚠️ Don’t get lured by such deceptive cash home buyers: Thoroughly investigate the company before signing any legal documents related to your house. Even title insurance may not be able to save you from such scammers!

Selling to Local Real Estate Investors in Ferndale

Selling to local real estate investors directly is an option if you don’t want to work with a cash home buyer in Ferndale. Real estate investors are always searching for properties. These real estate cash buyers, also called retail cash house buyers, can be classified as:

  • House Flippers: buy a property, renovate, and resell the property on the open market.
  • Landowners or Landlords: buy a property, renovate and rent the property.

You can find such investors in Ferndale through online forums or in-person meetups. Real estate investors often purchase the property as-is and drive a hard bargain to acquire homes for less than the fair market value. It’s best to do a comparative price analysis and find how much your property is worth before you deal with local real estate investors.

🏘️ How to Flip a House: Is flipping houses still profitable in 2023’s slow market?

Selling a Home in Poor Condition in Ferndale

Having a structurally unsound property with obnoxious items lying around can tempt you to sell your house to a “We Buy Houses for Cash” company. You get to skip the repairs and expensive upgrades but lose the chance to get better offers on the open market.

A real estate agent in Michigan can help you deal with an unwanted property without compromising the sale price and opting for a lowball offer. Your property directly gets exposure to 90% of potential buyers with an MLS listing. On an open market, you have the chance to get maximum cash for your distressed home.

👉 Cash for Homes: Check out the best companies that offer cash for distressed houses in the U.S

What About Selling My House with a Ferndale Real Estate Agent?

It depends!

Listing on the MLS increases the chance of a competitive cash offer. However, opting for a real estate agent to get on the MLS would defeat the purpose of maximizing your cash offer.

Opting for a real estate agent will not save your 6% commission and might be the worst option if you want to earn maximum cash. With Flat Fee MLS Michigan companies like Houzeo.com, listing your house on the MLS can be done effortlessly at just $349! You save on the 3% listing agent commission by selling your home as an owner.

👉 Cash for Homes: Check out the best companies that offer cash for houses in the U.S

Should I Sell My House to a Company That Buys Houses for Cash in Ferndale?

Most house buyers in Ferndale purchase homes with a mortgage. Selling for cash will almost always net you between 10% to 30% less than a financed offer.

We recommend you sell for cash in Ferndale only in select circumstances. If you-

  • Are on a Severely Tight Timeline: If you’re going through a rough patch in your life, such as a divorce or an immediate move, cash home buyers or real estate investors can help you sell faster.
  • Need to Sell an Inherited Property: Selling to a company that buys houses for cash can be a viable option if you have a deceased relative’s property far away or in terrible shape.
  • Are in Urgent Need of Cash: If you’re in a hurry, facing foreclosure, and don’t want to keep your property, selling your house for cash could help you escape a credit impact.
  • Own a Distressed Property: Most banks will not finance a property in poor condition. If your property is in poor condition, selling your house for cash is a good choice.

Listing on the MLS would be ideal if you can hang in for a while. With high-tech FSBO sites like Houzeo.com, you can start your listing process on any device and finish all the paperwork seamlessly.

💲Market to the Biggest Pool of Cash Home Buyers!


Houzeo is the fastest, high-tech way to get on the MLS and sell to cash home buyers.


Start Your FREE Listing NOW!

Alternatives to Companies That Buy Houses for Cash in Ferndale

1. Listing Your Home with Flat Fee MLS Service

Listing with a Flat Fee MLS service gets your property on the market within just 24-48 hours. Flat Fee MLS is the best way to sell your Michigan house fast, having 4 significant benefits:

  • MLS is the fastest way to hit the market, plus your listing is syndicated to Zillow, Realtor.com, etc.
  • Your property listing gets maximum exposure.
  • You can negotiate all offers.
  • You skip paying commission or service fees.

👉 Flat Fee MLS Michigan: List on your local Michigan MLS within 24 to 48 hours for just $349!

2. Hiring a top Real Estate Broker

Top real estate brokers have the expertise to help you sell your property fast within a set timeline. The broker handles most of the work, making home selling hassle-free.

But the downsides are just as huge. The best realtors will charge between 5% to 7% commissions, amounting to thousands of dollars in commission you will be paying. Additionally, you may get no technology tools with cheap realtors, and their service quality can be unpredictable.

👉 We recommend selling with a real estate broker only if you are not tech-savvy or concerned about FSBO paperwork

» Michigan’s Top Real Estate BrokersCheck out Michigan’s top brokers, their services, and commission

3. Sell By Owner

Selling your home purely For Sale By Owner implies that you won’t get access to the MLS. You market your property, conduct market research, handle offers, manage showings, etc., all by yourself.

 77% of FSBO home sellers closed on their homes within two weeks because the homes were sold to someone the seller knew. The most significant disadvantage of selling with no MLS or tech support is that you probably may not be able to sell your Ferndale home quickly.

👉 We recommend selling FSBO if you have a buyer lined up to buy your property.

Eager to Know How Houzeo Works?

We’ve got you covered. Check out the following video to understand how Houzeo works and why it is one of the best For Sale By Owner websites in the U.S.

What is Houzeo?

An overview of what the platform is all about

Start Your MLS Listing NOW!

» NEED MORE CLARITY? Read these exclusive Houzeo reviews and learn why it is one of the best FSBO sites in America.

Resources for Selling Your House in Ferndale, MI

  • How to Sell My House Fast in Michigan: Selling a house in Michigan takes approximately 93 days to close. And that’s only if you get offers fast and there are no hiccups in home inspection, appraisal, and closing. Here’s how you can sell your house fast and for more cash.
  • Selling a House in MichiganSelling a house in Ferndale, MI, requires a good understanding of the real estate market. Check this blog out to know more.
  • Closing Costs: What are the closing costs as a seller? See what’s the real cost and how you can negotiate your closing costs as a seller.
    • Closing Costs for SellersWhat are the closing costs as a seller? See what’s the real cost and how you can negotiate your closing costs as a seller.
    • Closing Costs for Buyers: Check out real costs related to buying a house and see if you can negotiate your closing costs as a buyer.

Frequently Asked Questions

1. What is the best company that buys houses for cash in Ferndale, MI?

Houzeo is the most popular platform for sellers looking for companies offering cash for homes in Ferndale, MI. Not a cash buyer themselves, Houzeo.com lets you access the power of the MLS for a small flat fee, giving you exposure to cash home buyers. iBuyers, including Opendoor, have also made offers on properties listed on Houzeo.com.

2. How do you sell a house to a cash buyer in Ferndale?

List your home on Houzeo.com for multiple cash offers. You can also offer it to Opendoor or another cash buyer in Ferndale, MI. You’ll then receive preliminary cash offers. You must ensure the offer meets your minimum requirements after adjustments for inspection and any service fee. Once you’ve accepted the offer, you can select your closing date.

3. Are "we buy houses for cash" companies in Ferndale legit?

Yes! Many companies like We Buy Ugly Houses offer cash for houses in Ferndale. And these companies are legit, with franchises across the nation. However, cash buyer scams are common in America, so you should always research the company before signing any official documents. You can also check customer reviews on sites like Google and TrustPilot. We also recommend you get a lawyer to review the contract before signing.

4. How long does a cash sale on a house take in Ferndale, MI?

Approximately, anywhere between 7 to 30 days, depending on the buyer and the specific situation of the sale. iBuyers like Opendoor and Offerpad can close as quickly as 10 business days.

5. Do “We Buy Houses” companies in Ferndale make fair offers?

Yes! iBuyers will offer up to 100% of the fair market value of your property. Local “we buy houses for cash” companies in Ferndale will typically offer less - 50% to 70% of the fair market value. Listing your home on a marketplace, like Houzeo.com, will get you exposure to iBuyers and local investors. This significantly increases your chances of maximizing your cash offer.

6. Why is a cash offer better in real estate?

Cash offers provide more certainty than offers that include financing. There are typically no financing contingencies, and the closing can be fast. Many cash buyers will also waive inspections. Finally, once you have verified the buyer’s proof-of-funds, the risk of the sale falling through because of the loan not funding is eliminated.

7. How can I sell my house fast for cash in Ferndale, MI?

With an instant cash offer, you can sell your house fast for cash in Ferndale. Many cash buyers purchase homes and try to offer a fair deal, about 50% to 90% of the house's market value. “We buy houses for cash” companies are best for distressed properties, while iBuyers have strict purchase criteria. Choose a company as per your requirements and timeline.

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