7 Best Companies That Buy Houses for Cash in Bethesda, MD (2023 Updates)
From Kenwood to Westgate, Maryland’s housing market is experiencing a major shift. Home buyer demand has fallen sharply, and interest rates have reached record highs.
But even in this market, the popularity of cash home buyers in Maryland is increasing. With expensive mortgages, home buyers with cash have a leg up on buyers looking to get a mortgage.
For home sellers, companies that buy houses for cash in Bethesda are much more attractive than buyers with financing. Cash buyers offer certainty of sale, often eliminating home inspections and the hassle of lender approvals.
Cash buyers in Bethesda also make instant offers, allowing you to close at your convenience with flexible closings.
🚀 The Rise of All Cash Offers
Cash is King: 31.2% of Americans sold their homes for cash in December 2022, compared to 25.3% in all of 2020. This number is expected to rise in 2023 as financing becomes more expensive.
iBuyers are Not a Viable Option:iBuyers have either shut down or have suffered massive losses. Our analysis suggests that iBuyers will offer much less than Fair Market Value (FMV) for your home in 2023 and 2024.
Who Will Buy My House for Cash in Bethesda: A cash marketplace like Houzeo.com is a great option to get multiple cash offers for your property. Highest Cash Offer and Sell My House Fast are also good options.
Not all companies that buy houses for cash are the same. Some companies can get you 100% of your property’s fair market value, while others may offer as low as 50%.
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. In an attempt to win your property, investors could make multiple cash offers for your home.
Service Fee – $349: Houzeo does not charge a 5% service fee or any undisclosed closing fee.
Typical Offer: Up to 100% of your property’s fair market value (FMV)
Eligible Properties: On Houzeo Marketplace, you can market properties in any condition and sell your house as is.
Closing Offer Terms: You can specify your preferred closing date and the closing offer terms.
👉 Our Take: For sellers looking to maximize their cash offers, we recommend Houzeo’s Gold plan. You will have access to 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
Houzeo is a real estate marketplace and America’s #1 Flat Fee MLS service because of 4 reasons:
Max Exposure: Houzeo MLS packages give you access to the MLS and 100s of websites like Zillow, Trulia, Realtor.com, Redfin, etc.
5-Star Customer Service: Houzeo has a fully staffed customer service desk available 6 days a week. Chats and emails are open 7 days a week.
100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers. Houzeo Mobile App is also very powerful.
No Listing Commission: In most states, you’ll be paying just a small flat fee to list on MLS. Houzeo covers 47 states + DC! And remember, all fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the listing agent commission!
There are no dealbreakers with Houzeo. Check out the blog on Houzeo pros and cons.
» Houzeo Reviews: Houzeo is rated “Excellent”with a 4.9 out of 5-star rating by 4,523 home sellers on Google and Trustpilot!
With a typical cash buyer, you only get an offer from that specific cash house buyer. Because there is no competition, that typical cash buyer will only offer 30% to 70% of your property’s value.
Houzeo is America’s most advanced real estate marketplace. If you list on the Houzeo marketplace, your listing gets exposed to Bethesda home buyers and national cash buyers via the MLS.
This increased competition for cash offers for your house will ensure you get up to 100% of your property’s value.
» Maryland Flat Fee MLS: List your home for a flat fee and attract MD house, cash buyers!
Highest Cash Offer is a Scotts, AZ-based real estate solutions company that buys houses for cash. They inspect your house and give a cash offer based on the condition of your home.
Service Fee: None
Typical Offer: 50% to 70% of Fair Market Value (FMV)
Eligible Properties: Distressed properties with structural damage, inherited properties, tenant problems, code violations, etc.
Closing Offer Terms:Highest Cash Offer provides a 7 to 30-day closing for its cash offer.
👉 Our Take:Highest Cash Offer is a good option for sellers wanting to sell their homes as-is. They provide quick cash offers and fair deals.
Sell As-Is: Highest Cash Offer buy homes as-is, so you don’t have to incur any expenses or worry about repairs.
Flexible Closing: You can close in as little as three weeks or at any time of your choice.
No Additional Costs: There are no hidden fees or extra costs. You need not pay closing costs as well.
Personalized Services: Highest Cash Offer has a dedicated team that helps sellers till the end of the sale.
Nationwide Coverage: Highest Cash Offer provides their services throughout the US.
Non-Negotiable Offer: Highest Cash Offer will not offer more than 70% of your property’s fair market value. After a thorough home inspection, they quote an offer based on the after-repair value.
Highest Cash Offer is Not 100% Online: Highest Cash Offer 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 even have a mobile app.
Highest Cash Offer has 4 out of 5 stars with 30 reviews from Yelp.
Highest Cash Offer is a Scottsdale, AZ-based real estate solutions company. They buy houses as-is without any repairs or renovations.
However, they lack tech support or convenient services like a mobile app.
MarketPro Homebuyers is one of the biggest cash home buyers on the East Coast, buying 25 houses monthly. Apart from being a home cash buyer, MarketPro Homebuyers is also a wholesaler.
Service Fee: None
Typical Offer: 30% to 70% of Fair Market Value (FMV)
Eligible Properties: Houses that need extensive repairs, homes with probate or power of attorney issues, homes of couples going through a divorce, inherited properties, vacant homes, etc.
Closing Offer Terms: MarketPro Homebuyers provide a flexible closing date, up to 60 days out.
👉 Our Take: With MarketPro, there is a certainty of getting a cash offer because of Marketpro’s investor network. The cash offer may not be more than 70% of the home’s fair market value though.
Packing & Moving Assistance: Marketpro makes moving to a new house hassle-free with an in-house moving service.
No Renovation or Repair Costs: Marketpro.com purchases houses as-is. There is no need to renovate or repair before requesting a cash offer or after an offer has been made.
Fast Closing: The preliminary cash offer is sent within 24 to 48 hours. MarketProHomebuyers.com closes in as little as seven days.
No Transfer and Recordation Costs: When you sell to Marketpro, you don’t pay any closing costs.
In our research, we came across some dealbreakers with Marketpro Homebuyers.
Marketpro Pays Below Market Value: Market Pro HomeBuyers prides itself on giving below-market-value cash offers. The cash offer will likely not be more than 70% of the fair market value.
Marketpro’s Invasive Sales Tactics: 73 out of 337 Google reviews are from consumers complaining about being on Marketpro’s Lead list. Even if you don’t request cash from Marketpro, once you are on this list, you will be spammed with mailers, emails, postcards, etc.
Limited Coverage: MarketPro Homebuyers buy real estate for cash in 21 markets across 5 states. You should consider other reputable cash home buyers if your property lies outside Marketpro’s coverage.
MarketPro HomeBuyers has a rating of 4.1 out of 5 stars on Google with 337 reviews.
MarketPro Homebuyers is a cash buyer of houses that owners want to get rid of. Whether it’s a property with bad tenants or you want to sell an inherited home, you should consider these AS-IS property buyers.
Marketpro’s uncanny marketing gimmicks are difficult to understand. In nearly 70 out of the 337 Google reviews, homeowners have complained about unsolicited emails, messages, and postcards.
We Buy Houses in WDVM help homeowners sell homes without the hassle of paperwork or closing fees. They have a simplified process and are flexible to the interests of the seller.
Service Fee: None
Typical Offer: 50% to 70% of Fair Market Value (FMV)
Eligible Properties: All types of properties, any reason, any condition, or any challenge.
Closing Offer Terms: On average, the closing time is 10 days.
👉 Our Take: We Buy Houses in WDVM is a local cash home buyer with decent reviews. However, they might only give lowball offers are compared to an MLS listing.
Instant Cash Offers: You receive an offer within just 24 hours.
No Additional Costs: You do not need to pay commissions or hidden fees. They even take care of closing costs.
Sell As-Is: You can save on repair costs and home staging costs by selling your house as-is.
Flexible Closing: The closing date can be within a week or at any time of your choosing.
We Buy Houses in WDVM has a few drawbacks you should know of:
Non-Negotiable Cash Offers: We Buy Houses in WDVM may not offer more than 70% of your property’s fair market value. Even if your property isn’t distressed, they will rarely budge on the offer price.
Not Many Reviews: They only have 17 reviews on Google Reviews and none on any other platfrom.
We Buy Houses in WDVM has 4.9 stars out of 5 on Google Reviews.
We Buy Houses in WDVM is a one-man company run by Justin. It mainly covers Washington DC, West Virginia, Virginia, and Maryland.
They have only a few reviews to their credit. However, beware of lowball offers and non-negotiable deals.
ASAP Cash Offer is a real estate solutions company and a popular cash home buyer. They buy houses in as-is condition, so you don’t need to worry about repairs. There are no commissions or hidden fees, and they guarantee a quick closing.
Service Fee: None
Typical Offer: 50% to 70% of Fair Market Value (FMV)
Eligible Properties: 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 Offer Terms:ASAP Cash Offer offers a flexible closing timeline, and homes close within 7 to 30 days.
👉 Our Take: ASAP Cash Offer is for home sellers looking to sell a house in as-is condition with a quick closing. However, they may only give you lowball offers.
Instant Cash Offers: You can get a non-obligatory cash offer within 24 hours of contact.
Flexible Closing: You can close in as little as three weeks or at any time of your convenience.
Sell As-Is: You do not need to stage the home for listing or worry about making repairs.
No Delay in Process: ASAP Cash Offer does not do home appraisals or inspections, this makes the sale quicker.
In our research, we found some major drawbacks of ASAP Cash Offer:
No Reviews: ASAP Cash Offer does not have any reviews on any trusted platforms. They are known as “Devon Buys Houses” which also has no reviews anywhere.
Lowball Cash Offer: ASAP Cash Offer may put in lowball cash offers around 50% to 70% of the fair market value. This is lower than what you can get on the open market.
ASAP Cash Offer has no credible reviews on any trusted platforms.
ASAP Cash Offer is a family-run cash home buyer founded by Devon Wayne. They mostly find clients through their Facebook page “Devon Buys Houses”.
They do not have any credible reviews on any trusted platforms. We recommend you do thorough research before opting for them.
Sell My House Fast is a cash home buyer company that has been in business for more than two decades. They cover all the closing costs involved during the transaction and even buy houses in as-is condition.
Service Fee: None
Typical Offer: 50% to 70% of the Fair Market Value (FMV)
Eligible Properties: They buy all types of properties, including condos, townhomes, apartments, and multi-family houses.
Closing Offer Terms: Sell My House Fast offers a feasible closing date, you can even close in just 7 days.
👉 Our Take: Sell My House Fast is a cash home buyer company with over two decades of experience. However, they have no reviews on any trusted platform.
Instant Cash Offer: You can get a preliminary offer within the first 24 hours.
Quick Closing: You can close in as little as 7 days.
No Additional Costs: They have no hidden fees and commissions. They even cover all closing costs.
No Repairs: You need not worry about staging your home for listing and sell your house as-is.
In our research, we came across some major drawbacks of Sell My House Fast:
No Credible Reviews: They do not have any credible reviews on any trusted platforms. The reviews they have posted on their website are reviews for other companies.
Low on Tech: Sell My House Fast lacks technology. They do not even have the convenience of a mobile app.
Sell My House Fast has no credible reviews from any trusted platforms like Google Reviews or Trustpilot.
Sell My House Fast is a cash home buyer company in the real estate business since 1999. They buy all types of properties in any condition and you can sell your house as-is.
However, they do not have any reviews on any trusted platform. We recommend you do thorough research before opting for them.
Connect Home Buyers specialize in providing homeowners with a quick, simple, and hassle-free option to sell, ensuring a free cash offer in four hours or less. They buy houses in spite of any conditions and situations.
Service Fee: None
Typical Offer: 50% to 80% of Fair Market Value (FMV)
Eligible Properties: They buy all properties, including ones with structural issues, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
Closing Offer Terms: They offer flexible closing terms, anywhere between 7 to 30 days.
👉 Our Take: Connect Home Buyers provide complete transparency in the selling transaction. However, they only make offers way below the fair market value.
Quick Offer: You can get a preliminary offer within 24 hours of contact.
Flexible Closing: You can close in as little as two weeks or at any date of your choice.
Nationwide Coverage: They have nationwide coverage and buy houses in all 50 states of the US.
Sell As-Is: Connect Home Buyers will definitely buy your property no matter what the condition is.
Connect Home Buyers have some major drawbacks that you should know of:
Wholesale Real Estate Company: They are essentially wholesalers, a previous client complained about being unaware of this. If you have issues working with wholesale real estate companies we suggest to look elsewhere.
Connect Home Buyers is Not 100% Online: Connect Home Buyers 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 even have a mobile app.
Connect Home Buyers has 4.9 out of 5 stars with 31 reviews on Google Reviews.
Connect Home Buyers was founded by Brett and Arin Riggins in 2017. They have good reviews from their handful of customers.
However, they are essentially a wholesale real estate company. They might approach you as buyers and do the work of an agent!
iBuyers That No Longer Offer Cash for Bethesda Homes
Zillow Offers: Zillow, the biggest real estate marketplace, started its iBuying arm in 2018. After losing $881M while over-paying cash for properties, in November 2021, Zillow stopped buying houses. Check out the story of the fall of Zillow Offers.
RedfinNow: Redfin, the biggest discount real estate broker in the U.S., entered the home-flipping business with RedfinNow in 2017. In November 2022, RedfinNow shut down due to increasing operating costs.
Are Companies That Buy Houses for Cash in Bethesda Legit?
Yes, companies that buy houses for cash in Bethesda or cash house buyers are legitimate and operate legally nationwide.
🚨 Cash for Houses Scams: Remember to inspect how the cash company operates before you sign any real estate contract. A legitimate home buyer will never ask you to pay cash!
Types of Cash Home Buyers
Companies that buy homes for cash in Bethesda help home sellers skip the hassle of listing on the MLS, marketing, home staging, etc. The four types of cash home buyers are:
“We Buy Houses for Cash” Companies: The “fix-and-flip” house cash buyers that buy distressed properties, make repairs, and sell on the open market. Bethesda home buyers pay 30% to 70% of the home’s fair market value and don’t have any service fees or closing costs.
iBuyers: Home-buying companies that use proprietary algorithms and determine a cash offer for your house. In 2023, iBuyers in Bethesda will offer ~70% to 80% of the fair market value.
Buy-and-Hold Cash Buyers: A buy-and-hold cash buyer in Bethesda will convert a distressed house into a rental property. They do not sell the upgraded property for a one-time profit and will enjoy a steady source of income.
Home Trade-In Services: A home trade-in company will offer cash on your house to help you buy another property. They fund your next house while you sell the one you’re living in.
🏚️ Selling a Home in Poor Condition in Bethesda: We recommend “We Buy Houses for Cash” companies if your property is in bad shape. If the property only needs cosmetic repairs, you should list your home on Maryland. You can get up to 100% of the fair market value on the open market!
Top “We Buy Houses in Maryland” Companies Near You
“We buy houses for cash” companies buy Bethesda houses “as-is” at much lower than the market value. They mostly work offline. Let’s look at the steps involved when you sell your house to a “We Buy Houses for Cash” company:
Share Your Property Details: Cash buyer companies in MD will collect basic information like the location and condition of your property. You can share this via phone or their website.
Review the Preliminary Cash Offer: The “cash for homes” Bethesda company will make an offer after comparing similar properties in the area. Typically it is 30% to 70% of the home’s fair market value.
Complete a Home Inspection:Maryland Home Inspectorswill perform an inspection if you accept the initial offer. After adjusting repair expenses and holding costs, the cash house-buying company will send a final offer.
Accept the Final Cash Offer & Close: If the Bethesda home cash buyer’s final cash offer matches your expectations, then you can finalize the closing timeline.
How Much Do Bethesda “We Buy Houses Cash” Companies Pay?
Companies that pay cash for houses in Bethesda use the 70% ARV rule.
Suppose your home is worth $300,000, and you have a defective roof that will cost $25,000 in repairs. So, you can expect a cash offer of about $185,000.
The 70% ARV Rule: Bethesda house buyers will never pay more than 70% of the property’s fair market value. They have to repair and renovate the acquired homes. The overhead expenses are deducted from your home sale proceeds.
The biggest benefit of Bethesda cash buyers is their speed and convenience. Selling a house for cash will almost always net you 10% to 30% less than a financed offer though. Let’s look at the pros and cons of selling a home to a cash home buyer:
✅ Pros
Fast Cash Sale: In the traditional model, you have to list on the MLS and wait for potential buyers. However, 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 Cash Bethesda” companies move faster than traditional buyers. Home sellers can close on their timeline and need not wait for listing paperwork or mortgage pre-approvals!
No Service Fees: “Cash for homes” companies don’t charge any service fees. The net profit after fixing and selling your home is enough for them to sustain their fix-and-flip model.
No Upfront Costs: To earn maximum cash, home sellers invest in real estate photography and staging before listing on the MLS. MD cash home buyers purchase homes as-is, so you can skip marketing or repair costs.
❌ Cons
Lowball Cash Offers: Companies that buy homes in Bethesda generally pay 50% to 70% of the home’s fair market value, deducting all repair, utility, and re-selling expenses. Although there may be room for negotiations, you can’t expect more than 70% of the market value of your home.
Non-Negotiable Deals: When dealing with “cash for houses” companies, the deal is usually take-it-or-leave-it. You can try to negotiate if the company overlooked something important, but most cash companies will not budge on price.
Some Cash Buyers Will Make You Pay Closing Costs: Homeowners are forced to pay the seller’s closing costs, and it’s not disclosed on the cash buyer’s site. You should always read the terms and conditions document carefully.
Alternatives to Companies That Buy Houses for Cash in Bethesda
List Your Home With a Flat Fee MLS Service: With a Flat Fee MLS service, you can get up to 100% of the fair market value on the open market. High-tech For Sale By Owner websites like Houzeo will list your home on the local MLS within 24-48 hours and help you sell fast! 22% of homes listed on MLS sold above their final list price in February 2023.
Hire a Top Realtor:Maryland Realtors have the expertise to help you sell your property fast within a set timeline. However, the best realtors will charge a 6% commission. That amounts to thousands of dollars in realtor commission! It’s the worst option if you want to earn maximum cash.
Sell “For Sale By Owner”: Selling your home purely For Sale By Owner implies no access to the MLS. You market your property, conduct market research, manage offers and showings, etc., all by yourself.
1. What is the best company that buys houses for cash in Bethesda, MD?
Houzeo is the most popular platform for sellers looking for companies that buy homes for cash. Houzeo lets you access the power of the MLS for a small flat-fee.
MLS listings get syndicated on Zillow, Realtor.com, Trulia, Redfin.com and hundreds of other websites. Listing your home on the MLS will allow you to target all companies that buy homes for cash – local and national. More exposure means more competition and highest cash selling price.
Houzeo also offers superb technology giving you full control of your listing. And if you run into any issues, Houzeo’s 5-star customer service team is available to help.
2. How do you sell a house to cash buyers in Bethesda, MD?
In most cases, you must enter your classified info via an online portal or a telephone chat. Following that, you must schedule an inspection and receive a final cash offer. Once you've decided to accept the offer, you can usually select your own closing date.
What is the fastest way to sell a house in Bethesda, MD?
The Best options to sell your house fast:
1.You can sell your house fast using MLS listing service companies like Houzeo.
2.FSBO (For Sale By Owner)
3.Sell to cash home buying company
4. How long does a cash sale on a house take?
Approximately, 10-30 days. It depends on the buyer and the specific situation.
5. How do I sell my house "as is"?
If you wish to sell your house "as is" in Atlanta, GA, you must specify in your ad that you are not willing to do any repairs. It's as simple as inserting "as is" in the MLS listing description of your home.
4.9/5
(out of 4,523 reviews)
4.9/5
(out of 4,523 reviews)
4/5
(out of 30 reviews)
.webp)
