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22 min read Jan 18, 2023

9 Best Companies That Buy Houses for Cash in Texas (2023 Updates)

we-buy-houses-Texas

According to the Texas Real Estate Research Center, the average home price in Texas has increased 15.7% from the prior year. There are two types of companies that buy homes for cash:

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

👉 Get Top Dollar Cash Offers On Your Terms: Major cash buyers in Texas, including Opendoor and Homevestors, have submitted cash offers for homes listed on Houzeo. An MLS listing via Houzeo.com gives you maximum exposure to cash house buyers. List NOW!

Rankings: 9 Best Companies that Buy Houses for Cash in Texas

CompanyPotential Offer PriceService FeesClosing Time100% Online5-star Reviews*Mobile App
1. Houzeo.com100% of Market Value*$349 Flat Fee7 to 60 days
2. Opendoor90% to 100% of Market Value5% of Sale Price14 to 60 days
3. Offerpad80% to 100% of Market Value5% of Sale Price7 to 60 days
4. RedfinNow 70% to 90% of Market Value5%-13% of Sale Price10 to 90 days
5. Move On House Buyers50% to 80 % of the market valueNone7 to 30 Days
6. Texas All Cash Home Buyers50% to 70 % of the market valueNone7 to 30 Days
7. Texas Home Buyers50% to 70 % of the market valueNone7 to 30 Days
8. House Buyers Texas50% to 70 % of the market valueNone7 to 30 Days
9. We Buy Ugly Houses50% to 70% of Market ValueNone7 to 30 days

* For 5-star Customer Reviews, ratings above 4.2 out of 5 stars have been considered.

* 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 buyer.

Reviews: 9 Best Companies That Buy Houses For Cash In Texas

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 3 Best iBuyers in Texas

iBuyers, aka instant buyers, harness technology and market data to compute cash offers for homes.

Also called iBuyer companies, these cash home buyers are changing how the “we buy houses for cash” industry. iBuyers have strict purchase criteria and are only available in limited locations.

» More: How does selling to an iBuyer Work?

2. Opendoor

📢 Select Markets OnlyOpendoor only buys houses for cash in select markets of Texas and has strict purchase criteria.

BIGGEST IBUYER

Opendoor

Opendoor Logo
  • Service Fee: 5%
  • 📍 Coverage: 45 markets
  • Opendoor has 4.4 stars out of 5 4.4/5 (out of 3,066 reviews)

Opendoor is the country’s biggest iBuyer. They offer fast cash for homes and flexible closing timelines. Opendoor makes competitive offers, but these are far less than your property can get on the open market.

  • Service Fee: 5% of Home Sale Price
  • Typical Offer: 70% to 100% of Fair Market Value (FMV)
  • Types of Properties Purchased: Opendoor offers cash for houses only in desirable neighborhoods. If your property needs minimal repairs, Opendoor is an option for you. Otherwise, you may not even receive a preliminary cash offer from Opendoor.
  • Closing Date & Offer Terms: Opendoor provides a flexible closings, with dates up to 45 days out. Opendoor’s offers are not flexible, and final terms may change after home inspection.
  • Limited Coverage: Opendoor only covers 51 markets.

🚩 You Should Know: For the ease of a fast cash offer and flexible closing, you may pay up to 13% of your home’s sale price in service fees. Opendoor’s final cash offer is calculated after deducting home repair costs and closing costs.

👉 Our Take: Opendoor could be the best company to sell your house fast if they purchase properties in your zip code. Remember—an MLS listing on Houzeo.com will automatically put you in front of Opendoor and other iBuyers for an instant cash offer.

» Opendoor Reviews: Everything you need to know about America’s biggest iBuyer

  • Excellent for experienced home sellers with desirable properties
  • The repair cost breakdown isn’t disclosed in the offer
  • Not suitable for first-timers or FSBO sellers
  • The sales process may feel rushed, and the home seller has negligible control over the sale
  • The difference between Opendoor’s preliminary offer vs. final offer can be humongous
  • Home sellers receive cash offers within 24-48 hours, only on the properties that are in Opendoor’s coverage.

Opendoor has an average rating of 4.4 out of 5 stars on Reviews.io.

» Opendoor Review: Is Opendoor the best cash home buyer in 2023?

👎 Limited Coverage: Opendoor offers cash for houses only in 51 markets, and some of the top markets are Boston, Albuquerque, Cincinnati, Indianapolis, Birmingham, Modesto & Stockton, Galveston, Miami, San Francisco, San Jose, etc.

👍 Rankings of Local Cash Buyers: In case Opendoor doesn’t cover your zip code, you can consider local companies that buy houses for cash:

3. Offerpad

📢 Select Markets OnlyOfferpad only offers cash for houses in select markets of Texas and has strict purchase criteria.

FASTEST CLOSING

Offerpad

Offerpad-Logo
  • Service Fee: 5%
  • Close in 10 days
  • Offerpad has 4.5 stars out of 5 on TrustPilot 4.6/5 (out of 165 reviews)

Known for its fast closing schedule, Offerpad is an iBuyer founded in 2017. Offerpad’s patented evaluation tool generates an initial offer price for the property based on housing market stats and insights from in-house real estate market specialists.

  • Service Fee: 5% of Home Sale Price
  • Typical Offer: 70% to 90% of Fair Market Value (FMV)
  • Types of Properties Purchased: Offerpad offers cash for houses only in desirable neighborhoods and for properties that need zero or minimal repairs. Distressed properties may not get a cash offer from Offerpad.
  • Closing Date & Offer Terms: Offerpad has the fastest closing schedule, with the earliest timeline being 7 days and up to 45 days out. Their offer terms are inflexible, and the initial cash offer terms may change after the home inspection.
  • Limited Coverage: Offerpad only covers 22 markets.

🚩 You Should Know: Offerpad’s final cash offer is calculated after deducting home repair costs and seller closing costs. For the ease of an instant cash offer and fast closing, you may pay up to 13% of your home’s sale price in service fees. Also, if you want to back out of the deal with Offerpad after accepting a cash offer, you will have to pay a 1% cancellation fee.

👉 Our Take: Offerpad can be considered if you need to sell quickly, and this iBuyer offers cash for houses in your zip code. Remember—an MLS listing on Houzeo.com will automatically put you in front of Opendoor and other cash house buyers.

» Offerpad Reviews: Is the Fast Closing Schedule Worth the Tradeoff?

  • In just 10 days, you can close your house sale with Offerpad
  • No need to fix or prepare the house
  • Long-term stay option for house sellers
  • Closing costs and service fees can add up to more than 10% of the purchase price in some situations, resulting in a lower cash offer than expected
  • 1% cancellation fees if you back out of the deal after acceptance

Offerpad has a 4.6 out of 5 stars rating on TrustPilot.

» Offerpad Review: Check out exclusive customer reviews of Offerpad

4. RedfinNow

AS-IS IBUYER

RedfinNow

Logo - RedfinNow
  • Service Fee: 5% to 13%
  • Closing in 10 days
  • RedfinNow has 2.5 stars on TrustPilot 2.4/5 (out of 8 reviews)

🛑 CLOSED: On November 8th, 2022, Redfin shut down operations of RedfinNow, and the company will no longer buy homes for cash.

RedfinNow, the “as-is iBuyer,” is the extended iBuying arm of Redfin, America’s largest discount brokerage firm. Unlike the other iBuyers, RedfinNow also buys vacant homes, so almost every homeowner may get reasonable cash offers.

  • Service Fee: 5% to 13% of Home Sale Price
  • Typical Offer: 70% to 90% of Fair Market Value (FMV)
  • Types of Properties Purchased: RedfinNow offers cash for houses irrespective of their condition, and even distressed properties and vacant houses will get an offer.
  • Closing Date & Offer Terms: RedfinNow provides a flexible closing date, up to 45 days out, and sometimes even as early as 14 days. RedfinNow’s offer terms are rigid and can change significantly after the home inspection.
  • Limited Coverage: Redfin is the second-largest iBuyer by coverage & covers 30+ markets.

🚩 You Should Know: This iBuyer company makes fairly competitive cash offers, but RedfinNow’s service fees may go up to 13% of the home’s sale price, which is a considerable cost to pay for the convenience.

👉 Our Take: RedfinNow looks appealing, but the service fee is directly proportional to the condition of your property. Houzeo’s MLS listing increases your chances of getting a better cash offer because investors scouring the MLS usually don’t care about the property’s condition and can offer more cash than this iBuyer.

» RedfinNow Reviews: Is RedfinNow the Best Cash Home Buyer in 2023?

  • Purchases properties as-is, with more stringent formalities than other iBuyers.
  • 90-day flexible closure window
  • RedfinNow service fees might be as high as 13% of the home’s sale price.
  • No incentives even if you trade in your home.
  • As a “late checkout,” you can rent your house up to 14 days from the final offer acceptance date.
  • Best for home sellers looking for a fast, predictable cash sale
  • RedfinNow’s representatives evaluate your home and make a cash offer on your house based on Redfin’s home pricing formula.

RedfinNow has a poor rating of 2.4 out of 5 stars on TrustPilot.

» RedfinNow Review: Check out exclusive customer reviews of Redfin Now

The 5 Best “We Buy Houses for Cash” Companies in Texas

“We buy houses for cash” companies in Texas are conventional, fast cash home buyers. They make instant cash offers for houses, even extremely distressed properties.

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

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

5. Move On House Buyers

NATIONWIDE COVERAGE

Move On House Buyers

logo image
  • Service Fee: None
  • 5 Stars 5/5 (out of 21 reviews)

Move On House Buyers has been operating and helping homeowners since 2012. They provide cash offers for houses as-is in Texas, saving you any additional financial expenses. This cash home buyer also provides flexible closing, so you can move out of the house at your convenience.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of houses, i.e., distressed properties with fire damage, inherited properties, bad mortgage financing, termite damage, code violations, etc.
  • Closing Date & Offer Terms: Move On House Buyers provides a flexible closing date chosen by you. You can expect a no-obligation-to-accept cash offer within 7 minutes over the phone.
  • Limited Coverage: Move On House Buyers covers only 10 markets in Texas.

👉 Our Take: This Texas cash-for-houses company is ideal if you need to sell your house fast without carrying out any repairs or renovation.

  • No necessary home visit.
  • Close in as little as three weeks.
  • Avoid the hassle of repair as they buy houses in as-is condition.
  • No closing costs.

Move On House Buyers has 5 stars out of 5 stars with 21 reviews on Google.

Move On House Buyers operates in 10 markets in Texas: Alvin, Atascocita, Baytown, Galveston, Houston, Humble, Katy, Kingwood, Spring, and Sugarland.

6. Texas All Cash Home Buyers

GREAT NETWORK

Texas All Cash Home Buyers

logo image
  • $ Service Fee: None
  • 4.75 Stars 4.7/5 (out of 63 reviews)

Texas All Cash Home Buyers is a family-owned cash home buyer. They follow the three-step process: Click, Meet and Sell. You can get connected with this cash home-buying company through their website and fill out an online form, or you can give them a call directly. They will then schedule a visit to your home to make a fair ‘no obligation offer’.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of houses, i.e., distressed properties with structural damage, inherited properties, tenant problems, code violations, etc.
  • Closing Date & Offer Terms: Texas All Cash Home Buyers provides a 7 to 30-day closing for its cash offer.
  • Limited Coverage: Texas All Cash Home Buyers covers the Texas market.

👉 Our Take: Texas All Cash Home Buyers provides flexibility in terms of the closing date. It is a good option for home sellers looking to sell houses to a 100% local cash home buyer and fast closing.

  • Get an offer in approximately 24 hours.
  • Close in as little as three weeks.
  • They buy houses in as-is conditions. So, there’s no need to prepare the home before their visit.

Texas All Cash Home Buyers has 4.7 stars out of 5 stars with 63 reviews on Google.

Texas All Cash Home Buyers buys houses all around Texas.

7. Texas Home Buyers

💯 Most Experienced

Texas Home Buyers

logo image
  • Service Fee: None
  • 4.25 stars   4.1/5 (out of 21 reviews)

Based out of Houston, Texas Home Buyers is a company that buys houses for cash. Since 1995, they have specialized in helping sellers sell their houses fast. They are preferred by most of the home sellers in Texas as they are highly experienced compared to other cash home buyers in the state.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of houses, i.e., distressed properties with structural damage, inherited properties, tenant problems, code violations, etc.
  • Closing Date & Offer Terms: Texas Home Buyers provides a 7 to 30-day closing for its cash offer. The terms of the offer are non-negotiable.
  • Limited Coverage: This company offers its services only in Texas.

👉 Our Take: This is a good option for home sellers looking to sell their house fast in any condition and who prefer to deal with an experienced cash home buyer.

  • Get an offer in 24 hours.
  • Close in as little as 2 weeks
  • They buy houses as-is, so there is no need to worry about repairs.
  • No closing costs.

Texas Home Buyers has 4.1 stars out of 5 stars with 21 reviews on Google.

Texas Home Buyers operates throughout Texas.

8. House Buyers Texas

Local Cash Buyer

House Buyers Texas

logo image
  • Service Fee: None
  • 5 Stars 5/5 (out of 4 reviews)

House Buyers Texas is one of the leading cash home buyers in the Lone Star State. They have been buying houses for cash for five years. Further, they have a dedicated team of cash home-buying experts available for help, making the selling process seamless.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of houses, i.e., distressed properties with structural damage, inherited properties, tenant problems, code violations, etc.
  • Closing Date & Offer Terms: House Buyers Texas provides a 7 to 30-day closing for its cash offer.
  • Limited Coverage: House Buyers Texas covers several counties in the state.

👉 Our Take: House Buyers Texas is a good option if you need to sell your house fast for cash. But if you want multiple offers, you can list your house on an MLS through Houzeo.com. 

  • Get an offer in approximately 24 hours.
  • Close in as little as three weeks.
  • No need to prep the home before showing the house to the company as they take care of the repairs.

House Buyers Texas has 5 out of 5 stars with 24 reviews on Google.

House Buyer Texas buys homes throughout Texas.

9. We Buy Ugly Houses, Texas

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

Are Companies That Buy Houses for Cash in Texas Legit?

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

However, no industry is free from scammers or companies following the “malign practices” that exist in every industry. 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.

Companies That Buy Houses for Cash in Texas

1. Austin, TXWe Buy Houses for Cash in Austin, TX
2. Dallas, TXWe Buy Houses for Cash in Dallas, TX
3. Forth Worth, TXWe Buy Houses for Cash in Fort Worth, TX
4. Houston, TXWe Buy Houses for Cash in Houston, TX
5. Killeen, TXWe Buy Houses for Cash in Killeen, TX
6. La Porte, TXWe Buy Houses for Cash in La Porte, TX
7. Pasadena, TXWe Buy Houses for Cash in Pasadena, TX
8. San Antonio, TXWe Buy Houses for Cash in San Antonio, TX

Understanding Companies That Buy Houses

Companies that buy houses include institutional cash home 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 buyer companies don’t negotiate the offer, leaving little room to get 100% of your home’s market value.

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

Types of Cash Home Buyers in Texas

Companies that buy homes for cash help home sellers skip the hassle of listing on the MLS, marketing, staging a home to sell, etc. Two types of cash house buyers in Texas make cash offers on homes for sale:

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

Cash buyer companies buy distressed properties as-is and typically pay 30% to 70% of the home’s fair market value.

We recommend “We Buy Houses for Cash” companies for:

  • homeowners with inherited homes that need extensive repairs
  • homes with structural issues
  • properties facing foreclosure
  • 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.

» Selling Inherited Property in TexasCheck out our guide if you want to sell your family home.

2. iBuyers: Fair Cash Offers But Hefty Service Fees

Companies that buy homes 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 buyer companies that compare local sales data & 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.

» More: How does selling to an iBuyer Work?

How Do I Sell My House Fast for Cash in Texas?

Listing on the MLS is the fastest way to get instant cash offers 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

» Sell Your House Fast for Cash in Texas: Here’s a guide to help you sell your home fast for cash in Texas.

Should I Sell My Texas House As Is?

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

» Can You Sell a House As Is in Texas: Check out our guide for selling your house as-is in Texas.

Selling a House to an iBuyer

When selling a house to iBuyers, technology and data go hand-in-hand to calculate your home’s worth. While each iBuyer may have different ways, this is what typically happens when selling properties to an iBuyer company:

  • Step 1 – Submit information about your home: iBuyers collect information through an online form or over the phone. Sellers need to share the property’s location and basic details of the house.
  • Step 2 – Receive a preliminary cash offer: After an initial evaluation to check if your house passes its eligibility criteria, you usually get a preliminary cash offer. Usually, this offer is a take-it-or-leave-it deal.
  • Step 3 – Complete a home inspection: An onsite visit is scheduled if you accept the preliminary cash offer. The representative will assess your property.
  • Step 4 – Review final cash offer: Repair costs and expenses are adjusted in the preliminary cash offer. Then, the iBuyer sends a final cash offer for the house.
  • Step 5 – Close the deal: iBuyers provide more flexibility on the closing schedule. You may be able to close within 7 days!

👉 Know Your Home’s Worth Before Selling to an iBuyer: Even if your property is eligible for iBuyers, it’s always a good idea to get an estimate from a local realtor to find out how much your home could sell for on the open market.

» iBuyer Reviews: Check out our rankings for the top iBuyers and marketplaces in 2023!

Which Homes Qualify for Most Texas iBuyers?

iBuyers only offer cash for houses that qualify their purchase criteria. Typically, these criteria are similar for major iBuyers like Opendoor and Offerpad:

  • Home types: Single-family homes, Townhouses, Duplexes, Condominiums
  • Year built: After 1930
  • Lot size: Maximum lot size of 1–2 acres, depending upon market
  • Value: Between $100,000 and $600,000 (can be as high as $1.4 million in some markets)
  • Occupancy: Owner-occupied only

iBuyers have made exceptions in some markets, so it’s best to request a cash offer from an iBuyer that buys homes in your locality.

👉 Cash for Distressed Properties: Houses listed on the MLS receive offers as long as one can reside in them after purchase. Even distressed properties may get better cash offers when listed on the open market.

How Much do iBuyers Pay?

As high as 104.1% and as low as 70% of the property’s fair market value. However, iBuyers are ideal for you only if you have a pretty house that needs minimal or no repairs.

  • 👉 IMPORTANT: iBuyers like Opendoor and Offerpad have made full cash offers on the properties listed on Houzeo. Increase your chances of meeting an iBuyer with a free listing on Houzeo.com. Start NOW!

How Much are iBuyer Fees?

The hassle-free convenience of iBuyers comes at the expense of service fees. Typically, you can expect the final service fees to be around 10% to 18% of the home’s sale price.

iBuyer fees primarily depend on the property’s condition and location. If you have a decent house that needs minimal repairs in a desirable neighborhood, then the service fees will be around 5% to 7%.

👉 Save 3% Listing Agent Commission: If you list with a Flat Fee MLS website, you save 50% commission right away. You only have to pay 2.5% to 3% of the home’s sale price to the buyer agent. This is much lesser than closing costs associated with iBuyers, which can be as high as 18% of the home’s sale price.

» Texas Home Sale Calculator: Break down the closing costs you incur as a TX home seller.

✅ Pros of Selling Your House to an iBuyer

  • Instant Cash Offer & Sale: iBuyers make an instant cash offer, usually in 24-48 hours. If you accept it, iBuyers move fast to close on the property. You skip the annoyance that comes with a traditional home sale.
  • Fast Closing: There is no listing or wait for potential buyers. When selling to an iBuyer, you skip the hassle of a traditional home sale and get quick cash for your house.
  • Certainty of Sale: iBuyers are home-buying companies with enough finances. So, the chances of your home sale falling through are less than selling your home with a realtor.
  • No Upfront Costs: A home seller must spend on house repairs, home staging, etc., when listing on the open market. These costs get eliminated when you sell to an iBuyer.

❌ Cons of Selling Your House to an iBuyer

  • Non-negotiable Cash Offers: When dealing with iBuyers, the cash deal is usually take-it-or-leave-it. Although there may be room for negotiations, you can’t expect more than 95% of the market value of your home. Because iBuyers have to sustain their business model with the re-selling profits, they usually provide final offers.
  • Limited Coverage: iBuyers purchase homes in the markets they operate in. So, selling to an iBuyer is not a choice for most Americans. You won’t stand a chance if your property lies outside their coverage.
  • Strict Eligibility Criteria: There are specific prerequisites a home must adhere to for an iBuyer to buy it. Most iBuyers only offer cash for houses built post-1930 or less than 1.5 acres. Because of the stringent purchase criteria, distressed homes don’t qualify for sale.

🏡 All the Benefits and No Trade-offs



Houzeo is the fastest way to list on the MLS and get maximum cash for your house.


START YOUR MLS LISTING NOW!

How do “We Buy Houses for Cash” Companies Work?

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

Let’s take a look at how the home sale would be with a “We Buy Houses for Cash, Texas” company:

  • 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 cash home-buying Texas 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.

» Texas Inspectors: What do inspectors look for when inspecting a home in Texas?

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

Companies that buy homes for cash 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. There’s also the open market, where you might be able to locate a deal worth as much as or more than your home’s current market value.

Some cash home buyers in Texas 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. If you want to sell your house fast for cash, it is important to look at multiple options.

» 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 in Texas: 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 Homes 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 in Texas Scams

Texas cash house buyers are legitimate, but there are scammers in every industry, and that’s how cash for houses scams work.

Typically, these scammers post signs and blast emails with a “we buy houses in Texas for cash” ad. Families in need of liquid cash or struggling to make their mortgage payments fall for this and lose control of their house.

There are cases when “cash for houses” companies have leased the property to a new tenant, and the owner is still responsible for making the mortgage payments. Other times, they make home sellers sign a listing agreement with a “reassign” clause, and the home sellers end up losing 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 coverage may not be able to save you from such scammers!

Selling to Local Real Estate Investors

Selling to local real estate investors is an option if you don’t want to work with a cash home buyer. Real estate investors are always searching for properties. These real estate cash buyers in Texas, 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 online forums or through in-person meetups. Real estate investors are cash house buyers who often purchase the property as-is, with instant offers and flexible closing timelines.

Investors will drive a hard bargain to acquire your home 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.

🏘️ House Flipping in Texas: Will flipping TX houses be profitable in 2023’s unpredictable market?

Selling a Home in Poor Condition in Texas

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 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 poorly maintained 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 Real Estate Agent Instead?

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 you 6% commission and might be the worst option if you want to earn maximum cash. With a Texas Multiple Listing Service 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.

✍️  Note: Cash home buyers like Opendoor and Offerpad have offered cash deals for properties listed on Houzeo.com.

💲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!

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

Most home buyers 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 only in select circumstances.

  • 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.
  • You 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.
  • You 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.
  • You 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 in Texas

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 Texas house fast, has 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 Texas: List on your local Texas 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. So, most of the work is handled by the broker, which makes home selling hassle-free.

But the downsides are just as huge. The best realtors will charge between 5% to 7% commissions. That amounts to thousands of dollars in commission you will be paying. Additionally, even with the best low commission realtor, there may be no technology tools, 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. 

» Texas BrokersCheck out Texas’ top brokers, their services, and commission

3. Selling For Sale By Owner

Selling your home purely FSBO 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 home quickly.

» TX FSBO: Here’s how you can sell your home yourself 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 free websites to list for sale by owner 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.

Frequently Asked Questions

1. What is the best company that buys houses in Texas?

Houzeo is the most popular platform for sellers looking for companies offering cash for homes in Texas. 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 Texas?

List your home on Houzeo.com for multiple cash offers. You can also offer it to Opendoor or another cash buyer in Texas. 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 Texas legit?

Yes! Many companies like We Buy Ugly Houses offer cash for houses in texas. 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 in Texas take?

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

5. Do We Buy Houses companies in Texas 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 Texas 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 Texas?

With an instant cash offer, you can sell your house fast for cash in Texas. 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.

Also Read

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