7 Best Companies That Buy Houses for Cash in Indiana in 2025

8 mins read Feb 12, 2025
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Edited By

Carol Coutinho

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Editor
Edited By

Carol Coutinho

Editor, Houzeo
About Carol Coutinho is a real estate technology expert. She is a senior content editor and helps Houzeo researchers refine their studies on home buying and selling trends. Carol also likes to explore U.S. real estate market trends and new PropTech disrupters in the residential space. Find Carol Here linkedin
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Over 30.7% of all homes were bought with cash in Q2 of 2024, up slightly from 30.4% a year ago. This shows that cash is still king in the Hoosier State.

Cash buyers offer a fast, as-is sale, often closing within 7 days. But which cash buyers will get you 100% of your home’s Fair Market Value? See our rankings below to find out and keep thousands in your pocket!

Reviews: 7 Best Cash Home Buyers in Indiana

1. Houzeo: Indiana’s #1 Cash Home Buyer Marketplace

Houzeo LogoLogo-Link

MAX EXPOSURE TO CASH BUYERS

Listing Fee: $199

4.9/5

10,120+ reviews
💲 Cash Offer Terms

Houzeo 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:
    • Silver Plan  $199: 6-month MLS listing, 24 photos.
    • Gold Plan – $249: Maximum photos, contract review, seller disclosures, licensed broker assistance.
    • Platinum Plan – $299: Everything in Gold with a 12 month listing and virtual full-service with licensed broker.

👉 Our Take: For sellers looking to maximize their cash offers, we recommend Houzeo’s Gold plan. You can access Houzeo’s advanced features to negotiate the best terms for your cash offer.

» Houzeo Reviews: Find out why Houzeo is one of America’s best cash buyer marketplaces.

⚡ Highlights

Houzeo is America’s #1 cash buyer marketplace because of 5 reasons:

  1. Max Exposure: Houzeo’s packages give you access to the MLS and 100s of websites like Zillow, Realtor.com, Redfin, etc.
  2. 5-Star Customer Service: Houzeo’s customer service desk is available 6 days a week. Chats and emails are open 7 days a week.
  3. 100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers.
  4. No Listing Commission: You’ll pay just a small flat fee to list on MLS. You get to bypass the 3% listing agent commission!
  5. Home Value Estimator: Houzeo’s home value estimator can get you a quick and free estimate of your property’s market value in 30 seconds.
🚩 Deal Breakers

There are no dealbreakers with Houzeo.

» Houzeo Pros and Cons: Read the advantages and disadvantages of choosing Houzeo to sell your home for cash.

⭐ Reviews

Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.

With Houzeo, your home gets maximum exposure to Indiana’s best cash home-buying companies and individual investors. You could get multiple competitive offers for your home, driving up its final sale price.

2. Offerpad

logo imageLogo-Link

QUICK CLOSING

Service Fee: 5%

2.7/5

180+ reviews
💲 Cash Offer Terms

Offerpad is an iBuyer that makes cash offers on homes that meet their eligibility criteria. This cash offer is based on their patented evaluation tool’s calculations.

  • Typical Offer: It is 70% to 80% of the market value of your property.
  • Service Fee: 5% of the home sale price and 1% as closing costs.
  • Eligibility: Offerpad offers cash for houses built after 1960, with a maximum lot size of 1 acre, and a max valuation of up to 1M. Homes with foundational issues are not eligible.
  • Closing Offer Terms: They make an initial offer within 24 hours of submitting your details. However, the final offer may change after they conduct a home inspection.

👉 Our Take: When you sell to Offerpad, you can close in as early as 2 weeks. So, if you want to sell fast and are open to leaving cash on the table Offerpad is a good option.

⚡ Highlights
  • Lightning Fast Closing: With Offerpad’s cash-for-house offer, you can close your property in a fortnight.
  • Save on Minor Repair Costs: When you sell your house for cash, you don’t incur upfront costs to fix, prepare or stage your house.
  • Extended Checkout: You can extend your stay in your home even after the closing date.
  • Broad Coverage: Offerpad buys houses for cash in 27 markets across the country.
🚩 Deal Breakers
  • Lowball Cash Offer: Offerpad extends two offers- an initial one and a final one. The difference between the two can be quite high. One home seller was offered $189,000 initially but received a lowball offer of $149,000 post Offerpad’s home inspection.
  • High Service Fees: Offerpad charges a steep 5% service fee for their cash offer. This fee covers title insurance, escrow fees, HOA transfer fees, taxes, etc.
  • Offerpad Cancelation Fee – 1%: If you’re 4 days from closing and decline Offerpad’s cash offer, they’ll charge 1% of the home sale price as a cancelation fee.
⭐ Reviews

Offerpad has a 2.7 out of 5-star rating on TrustPilot.

» Offerpad Reviews: See what customers have to say about Offerpad.

Offerpad’s closing process is faster than other “cash for houses” companies. In certain states, they can close in just 8 days.

During the home sale, Offerpad quotes two prices: one before the inspection and one after. The difference between these offers is quite high. As per a customer review, the home seller was offered $189,000 but later received a lowball offer of just $149,000.

» Offerpad vs. Opendoor: Compare the two iBuyers before requesting a cash offer on your house.

3. Christopher Ellyn Homes

Christopher Ellyn Homes logoLogo-Link

LOCAL CASH BUYER

Service Fee: None

4.2/5

45+ reviews
💲 Cash Offer Terms

Christopher Ellyn Homes is an Indiana-based real estate services company that buys houses for cash. They buy houses in as-is condition and you don’t need to worry about closing costs, inspections, or appraisals.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Christopher Ellyn Homes offer cash on houses in any condition and situation, including inherited properties, cosmetic work, divorce, squatters, expired listing, and so on.
  • Closing Offer Terms: Christopher Ellyn Homes provides a flexible closing date. You can close as quickly as 7 days or on your schedule.

👉 Our Take: Christopher Ellyn Homes is a good choice for sellers looking for quick cash on houses. However, you might get only a non-negotiable lowball offer.

⚡ Highlights
  • Additional Options: If you need quick money, you can request and get a cash advance before closing.
  • Instant Cash Offer: You can get a fair all-cash offer within 24 hours.
  • Quick Closing: You can close in as little as 7 days.
  • Sell As-Is: Christopher Ellyn Homes buy houses as-is so you don’t need to worry about making repairs.
🚩 Deal Breakers
  • After Repair Value: Christopher Ellyn Homes makes the final offer reducing an after-repair value post a thorough home inspection.
  • Lowball Cash Offer: Christopher Ellyn Homes may put in lowball cash offers of around 50% to 70% of the fair market value. This is lower than what you can get on the open market.
  • “Christopher Ellyn Homes” Will Spam You: Past sellers have complained about their incessant spamming. The emails and text messages don’t stop even if you decline their cash offer and unsubscribe from the mailing list.
⭐ Reviews

Christopher Ellyn Homes has 4.2 out of 5 stars from 45+ reviews on Google Reviews.

» Christopher Ellyn Homes Reviews: Read our in-depth review on Christopher Ellyn Homes.

Christopher Ellyn Homes is a local cash home buyer based in Indiana that buy houses in as-is condition. But, they may extend lowball cash offers of around 50% to 70% of the FMV which is lower than what you can get on the open market.

You can access their services in Indiana and some selected areas of HI, KS, KY, MO and NV.

4. Opendoor

logo imageLogo-Link

BIGGEST IBUYER

Service Fee: 5%

4.4/5

3,330+ reviews
💲 Cash Offer Terms

Opendoor is the country’s biggest iBuyer. They offer cash for your home within 24 to 48 hours of submitting your details on their website. Opendoor is also flexible with closing timelines and move-out dates.

  • Service Fee: 5% of the home sale price.
  • Typical Offer: 70% to 80% of your property’s fair market value.
  • Eligible Properties: Opendoor will make cash offers only on owner-occupied properties built post-1930 with a maximum lot size of 1.5 to 2 acres. Prefabricated homes, inherited properties, or homes with tenants do not qualify for Opendoor’s cash offer.
  • Closing Offer Terms: Opendoor lets you close at your pace, up to 45 days after their offer. The final offer may change after the home inspection.

👉 Our Take: Opendoor will likely make a cash offer on your home quickly. But you will end up leaving almost 20% to 30% of your home equity on the table.

⚡ Highlights
  • Broad Coverage: Opendoor makes cash offers for houses in 51 markets across the country.
  • Flexible Closing Dates: Opendoor allows you to close at your convenience – up to 45 days after their offer.
  • Late Checkout up to 14 Days: Opendoor lets you temporarily stay in your home for up to 2 weeks after closing.
  • No Cancelation Fees: You can cancel the contract without any cancelation fee.
🚩 Deal Breakers
  • Lowball Cash Offer: Opendoor’s final cash offer may be below the property’s fair market value, around 70%. They also deduct repair and closing costs.
  • Hefty Service Fees: Opendoor charges a steep 5% service fee for their services.
  • Opendoor May Back Out of the Deal: Some homeowners have had a bad experience with Opendoor. Opendoor backed out of the cash deal at the last minute, leaving the homeowner stranded.
  • Undisclosed Repair Cost Breakdown: The difference between Opendoor’s preliminary offer vs. final offer can be humongous. In many cases, sellers were forced to pay for unnecessary “repairs”.
  • Strict Eligibility Criteria: Opendoor doesn’t pay cash for inherited properties, homes with tenants, pre-fabricated or mobile homes, and properties located in a flood zone.
⭐ Reviews

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

» Opendoor Reviews: Read customer reviews and our breakdown of Opendoor’s cash offer to make an informed decision.

Opendoor provides a straightforward and convenient solution for obtaining cash for your home. You can sell your home as is and close on the sale in just 2 weeks. You can expect to get around ~80% of your property’s fair market value.

However, Opendoor experienced setbacks due to the pandemic and endured financial losses. Consequently, their offer now could be much lower than your property’s FMV. Their service fee is also a steep 5% of your home’s sale price.

5. We Buy Ugly Houses

logo imageLogo-Link

NATIONWIDE COVERAGE

Service Fee: None

2.6/5

5 reviews
💲 Cash Offer Terms

We Buy Ugly Houses is a well-known cash home-buying company that helps homeowners sell their houses fast. It offers a fast, hassle-free sale without the need for repairs or renovations.

  • Sell at $0 Commission: You can sell your home with a few photos and a basic property description without paying any agent commission.
  • No Closing Costs: You don’t have to pay any closing costs as the company pays them.
  • Typical Offer: 50% to 70% of your property’s fair market value.

👉 Our Take: We recommend We Buy Ugly Houses for a quick and hassle-free sale. You can negotiate the price for your home and close the deal without closing fees.

⚡ Highlights
  • Sell Your Home As Is: You can save thousands in repair costs by selling your distressed home as is.
  • Cash Offer in Any Condition: You can get a cash offer, no matter what shape your home is in.
  • Quick Closing Timeline: Once you accept the offer, you can sell your house within 2 weeks.
🚩 Deal Breakers
  • Low Ball Offers: Cash offers are typically 50% to 70% of your home’s fair market value, depending on the condition and location of the house.
  • Limited Negotiation: You might have less room to negotiate the final offer.
  • Not Ideal for High-Value Homes: This option may not be best for homes in high-demand areas where you could get more by listing on the MLS.
⭐ Reviews

We Buy Ugly Houses is rated 2.6 out of 5 stars on Yelp

» We Buy Ugly Houses Reviews: Read this in-depth review to learn more about them.

 

We Buy Ugly Houses, a trademark of “HomeVestors,” operates on a franchisee model. Each WeBuyUglyHouses franchisee has its own rules, so the cash offer terms and service quality may not be consistent. If your house needs dire repairs, they make cash offers starting from 30% of its FMV.

6. ASAP Cash Home Buyers

CCC-ASAP logoLogo-Link

NATIONWIDE COVERAGE

Service Fee: None

4.8/5

40+ reviews
💲 Cash Offer Terms

ASAP Cash Home Buyers, founded in 2013, offers quick and hassle-free home sales. It specializes in assisting homeowners who need to sell their property fast for cash.

  • Service Fee: None
  • Typical Offer: 50% to 70% of the Fair Market Value (FMV)
  • Eligible Properties: The company buys properties that have structural issues, have bad mortgage financing, and are located in high-crime areas. They also offer cash for inherited houses and empty lots.
  • Closing Offer Terms: You close the deal in 3 weeks after accepting the offer. You also have the option to choose a closing date that suits your needs.

👉 Our Take: ASAP Cash Home Buyers’ is a good choice if you want to save on repair costs. However, you have to settle for a price that’s almost half of the home’s fair market value.

» Pros and Cons of Asap Cash Home Buyers: Must read before you make a decision.

⚡ Highlights
  • Nationwide Coverage: The cash home buyer offers its services in all the 50 states of the U.S.
  • Flexible Closing Date: You can choose a closing date that works best for you.
  • No Hidden Costs: ASAP Cash Home Buyers clearly outline all their fees upfront.
  • Purchase of Distressed Home: You can sell your home as-is to the cash buyer. This would save you time and help close the deal faster.
🚩 Deal Breakers
  • Varying Level of Service: ASAP Cash Home Buyers partners with independent investors nationwide. Therefore, there’s no guarantee that you will work with knowledgeable and responsive agents.
  • 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.
⭐ Reviews

ASAP Cash Home Buyers have a rating of 4.8 out of 5-stars with 40+ reviews on Google.

» ASAP Cash Home Buyer Review: Read our in-depth analysis.

 

 

They are a group of real estate professionals with over a decade of experience. They have nationwide coverage but in every state, you have different investors which could lead to an inconsistent service experience.

» Flat Fee MLS Listing Services Near You: List your home on the open market with a local flat fee service.

7. HomeVestors

Logo - HomeVestorsLogo-Link

NATIONAL CASH BUYER

Service Fee: None

4.5/5

35+ reviews
💲 Cash Offer Terms

HomeVestors is a nationwide network of real estate investors operated independently. This cash home buyer company is the parent brand of We Buy Ugly Houses.

  • Service Fee: None.
  • Typical Offer: 50% to 70% of Fair Market Value (FMV).
  • Eligible Properties: Properties that need extensive repairs, homes in less affluent neighbourhoods.
  • Closing Offer Terms: HomeVestors provides a flexible closing date, up to 30 days out. Offer terms are inflexible and depend on your region’s local real estate investor.

👉 Our Take: This cash buyer company is best for home sellers looking to quickly unload an extremely distressed house.

⚡ Highlights
  • Fast Cash for Distressed Homes: HomeVestors investors make fast cash offers, regardless of the property’s condition. The initial offer is based on comparable properties in the area and housing market trends.
  • Zero Service Fees: HomeVestors doesn’t charge any service fee when you sell your property for cash.
  • Zero Upfront Costs: When selling to HomeVestors.Com, you don’t need to prep the home or worry about repairs. There is no listing paperwork or need for photography.
  • Flexible Closing: You can choose a flexible closing schedule when you sell to HomeVestors, the ‘Home buyers of America.’
  • Near Nationwide Coverage: HomeVestors has 1000 independently owned franchisee offices in 45 states. 
🚩 Deal Breakers
  • Lack of Online Resources: Home Vestors has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. They don’t have a mobile app.
  • Inconsistent Quality of Service: When you sell to HomeVestors, you sell your house to a local investor. The service quality will differ based on that investor’s franchisee.
  • Aggressive Marketing: Once property owners show interest in the services of HomeVestors, they may be harrassed with endless mails, calls, and in-person visits.
⭐ Reviews

HomeVestors has a rating of 4.5 out of 5 on Google. HomeVestors has 1.48 out of 5 stars with 40 reviews on Better Business Bureau

HomeVestors Reviews: Read this review to get an idea of how the franchise-based model of the company works.

HomeVestors is the biggest cash home buyer franchisor in the US, with over 800 offices nationwide. The company also owns the “We Buy Ugly Houses” brand. Each HomeVestors office is independently owned and operated by a local real estate investor.

HomeVestors’ investors typically offer 50% to 70% of the fair market value. They may also deduct the cost of repairs at closing.

Best Cash Home Buyers Near Me in Indiana

1. Indianapolis, INCash Home Buyers in Indianapolis, IN

Are Companies That Buy Houses for Cash in Indiana Legit?

Yes, companies that buy houses for cash are legitimate and operate legally nationwide. The best home buying companies purchase distressed properties at a discount, renovate them, and then sell them for profit.

🚨 Beware of Cash Home Buying Scams: Some “cash for houses” companies in Indiana may extend lowball offers or engage in deceptive practices. Remember, legitimate cash home buyers will never ask for your property’s title deed when you request an offer.

3 Types of Companies That Buy Homes in Indiana

  • We Buy Houses for Cash Companies: Cash buyers like HomeVestors and House Heroes purchase distressed homes, typically paying 30% to 70% of their FMV.
  • iBuyers: iBuyers, such as Opendoor and Offerpad, 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 Indiana

Not sure how to sell your home for cash in Indiana? Just follow these 4 steps:

  1. Find a Cash Home Buyer: Research all local companies buying houses for cash and opt for one with great client testimonials.
  2. 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.
  3. 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.
  4. 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 Indiana Pay?

Indiana 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. Here’s how the After-Repair Value is calculated:

After-Repair Value (ARV) = Property Purchase Price (PPP) + Cost of Repairs (COR)

Imagine if you were selling your $260,100 home in Indiana. With a traditional cash home buyer, you could get just $182,070. But on a cash buyer marketplace like Houzeo, you could get multiple offers, potentially driving your sale price to 100% of its FMV.

Service ProviderService FeeARV EstimateActual Offer
Cash BuyerNone70%$182,070
iBuyer5%80%$208,080
Houzeo$779*Up to 100%$259,351
* Houzeo’s Bronze Plan costs $429 and has a $350 closing fee.

» Houzeo Reviews: Find out why Houzeo is Indiana’s best cash buyer marketplace.

Pros and Cons of Cash Home Buyers in Indiana

Given that more sellers are opting for cash buyers in Indiana, 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 Indiana 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: Indiana 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 Indiana. Always check the terms, or you could be out 6.25% to 9%!

Common “We Buy Houses for Cash” Scams

If any Indiana 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 Indiana

  • Flat Fee MLS Services: You can get up to 100% of your home’s FMV with a Indiana Flat Fee MLS listing service. Your home is visible to multiple cash buyers, increasing your offers.
  • For Sale By Owner: In a FSBO sale, you’ll have to opt for “DIY” marketing strategies like using yard signs, word of mouth, open houses, etc. Indiana FSBO websites also limit your home’s exposure, which lowers your home sale price.
  • 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 Indiana charge between 0.5% to 2.5% as commission.

Should You Sell to Cash Home Buyers in Indiana?

Yes, you can sell to cash buyers. But 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, on a cash buyer marketplace, you can get multiple offers, sell fast, and potentially keep more money.

Frequently Asked Questions

Which is the best company that buys houses for cash in Indiana?

Houzeo is the best cash buyer marketplace in Indiana. Companies like Opendoor and HomeVestors are other great options for selling homes for cash.

How can you sell to companies that buy houses for cash in Indiana?

To sell to companies that buy houses for cash, first research local cash buyers in Indiana or use a cash buyer marketplace. Then, submit your home’s information and get an offer within 24-48 hours. You can complete the sale in as little as a week once you finalize the agreement.

How fast can I sell my Indiana house?

You can sell your house fast for cash in Indiana within 7 to 30 days with a cash home buying company. However, you get only 30% to 70% of your property's Fair Market Value. To get a higher price, sell to a cash buyer marketplace like Houzeo and attract multiple cash offers.

What to look for when choosing cash home buyers?

Look for legitimate cash home buyers that have a great reputation in the industry. They should have positive customer reviews on platforms like Google that highlight their transparent processes and fair offers.