5 Best Companies That Buy Houses for Cash in Chattanooga, TN (2023 Updates)

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 is a real estate marketplace and America’s #1 Flat Fee MLS service because of 4 reasons:

1. Max Exposure: Houzeo MLS packages give you access to the MLS and 100s of websites like Zillow, Trulia, Realtor.com, Redfin, etc.
2. 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.
3. 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.
4. 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!

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

Opendoor is the country’s biggest iBuyer. They offer fast cash for homes with flexible closing timelines.

• Service Fee: 5% of Home Sale Price.
• Typical Offer: 70% to 80% of your property’s fair market value (FMV).
• 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 out. The final offer terms may change after the home inspection.

» Opendoor Reviews: Why Opendoor will Pay Much Less than Fair Market Value in 2023?

• Broad Coverage: Opendoor pays cash for houses in 51 markets– including Boston, Albuquerque, San Francisco, and San Jose.
• Flexible Closing Dates: Opendoor gives you the ability to close at your convenience up to 45 days out.
• Late Checkout Upto 14 Days: Opendoor allows sellers to close on their homes, receive sale proceeds, and temporarily rent their homes.
• No Cancellation Fees: You can cancel the contract without any cancellation fee.
• No Upfront Costs: When you sell to Opendoor, you skip the traditional home selling process. No need to fix, repair or stage the property!

» Opendoor complaints: Click here to learn about the pros and cons of them.

In our research, we came across some deal breakers with Opendoor.

• 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 revises the final cash offer based on the inspection report. The service fees may increase from 5%. The repair cost breakdown is not disclosed in the closing statement.
• 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.

» Opendoor Complaints: Check out the common complaints of Opendoor.

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

» Opendoor vs. Houzeo: Which should be your first choice?

WeBuyHouses.com is a pre-vetted real estate investor network. We Buy Houses “thoroughly” vet their investors before authorizing them to operate independent offices in their respective jurisdictions.

• Service Fee: None
• Typical Offer: 50% to 70% of Fair Market Value (FMV)
• Eligible Properties: Distressed properties with structural issues, relocation of the homeowner, couples going through a divorce, a death in the family, flawed mortgage financing, inherited homes, high-crime neighborhoods, etc.
• Closing Offer Terms: We Buy Houses provides a flexible closing date, up to 60 days out. Offer terms are inflexible.

👉 Our Take: We Buy Houses operates on a franchise model, so the quality of service may differ. You should check the reviews of the local franchise before requesting cash for your home.

• Fast Cash Offers for Houses: You will typically receive WeBuyHouses.com’s initial cash offer within two days.
• Zero Service Fees: WeBuyHouses doesn’t charge any service fee in exchange for the convenience of selling your home for cash
• Fast Closing: We Buy Houses.com will close in just seven days after you accept their cash offer.
• Firm Cash Offer: We Buy Houses Com’s cash offer is usually in line with the preliminary cash offer unless the inspector identifies major flaws during the home inspection.
• Broad Coverage: We Buy Houses makes cash offers on properties in 200 markets in over 30 states. WeBuyHouses com has 2,700 offices nationwide.
• Zero Upfront Expenses: When selling to WeBuyHouses Com, you don’t need to prep the home or worry about repairs.

» What is “We Buy Houses”? To know more about them check this out.

In our research, we came across some dealbreakers with We Buy Houses.

• Lowball Cash Offer: We Buy Houses investors 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.
• WeBuyHouses.com is Not 100% Online: WeBuyHouses has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. We Buy Houses does not offer a mobile app.
• Non-Negotiable Cash Offers: A ‘We Buy Houses’ investor 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.
• Inconsistent Quality of Service: When you sell to a cash buyer franchise like WBH, you sell your house to a local real estate investor. The service quality will differ based on the independent investor you are dealing with.

» WeBuyHouses.com vs. Houzeo: Learn why Houzeo is better than “We Buy Houses”.

We Buy Houses has 2.6 stars out of 5 on Better Business Bureau from 5 customer reviews.

» webuyhouses.com reviews: Check this out to know more about them.

We Buy Ugly Houses is a 20-year-old cash home buyer franchise. Independent real estate investors own and run each franchisee office. The parent company trains the franchisee but doesn’t micromanage their cash home-buying preferences. The brand, We Buy Ugly Houses is owned by HomeVestors.

• Service Fee: None
• Typical Offer: 50% to 70% of Fair Market Value (FMV)
• Eligible Properties: Ugly homes with structural issues, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
• Closing Offer Terms: WeBuyUglyHouses provides a flexible closing date, up to 30 days out. Offer terms are subject to change based on the local franchisee office.

👉 Our Take: We Buy Ugly Houses is best for sellers who want to unload their distressed houses quickly. You shouldn’t expect more than 70% of your property’s market value.

• Fast Cash Offers for Homes: WeBuyUglyHouses.com will share a preliminary cash offer for your property in 24 to 48 business hours.
• Zero Service Fees: WeBuy Ugly Houses doesn’t charge any service fee in exchange for the convenience of selling your home for cash.
• Fast Closing: We Buy Ugly Houses.com will close in just seven days after you accept their cash offer.
• Firm Cash Offer: We Buy Ugly House’s cash offer is usually in line with the preliminary cash offer unless the inspector identifies major flaws during the home inspection.
• Wide Coverage: We Buy Ugly Houses offers cash for homes in 1,100 locations across 45 states.

» We Buy Ugly Houses Review: How does WeBuyUglyHouses.com calculate your cash offer?

In our research, we found some issues associated with We Buy Ugly Houses.

• Lowball Cash Offer: We Buy Ugly Houses pays less than what sellers could get on the open market. The cash offer is around 50% to 70% of the property’s fair market value.
• WeBuyUgly Houses.com is Not 100% Online: We Buy Ugly 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.
• Non-Negotiable Cash Offers: We Buy Ugly Houses will not offer more than 70% of your property’s fair market value. They rarely increase the price quoted in the initial cash offer.
• Inconsistent Quality of Service: When you work with house buyers like WeBuy UglyHouses, you sell your house to a local real estate investor. The service quality will differ based on the independent investor you are dealing with.

We Buy Ugly Houses has 1.6 out of 5 stars with 8 reviews on Yelp.

» We Buy Ugly Houses Complaints: Check what customers say about WeBuyUglyHouses.com.

HomeVestors is a nationwide network of real estate investors. Each office is operated by a local real estate investor 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: Distressed properties with foundational issues, houses of couples going through a divorce, homes with bad mortgages, inherited homes, properties in high-crime neighborhoods, etc.
• Closing Offer Terms: HomeVestors provides a flexible closing date, up to 30 days out. Offer terms are inflexible and depend on the local real estate investor of your region.

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

• Fast Cash for Distressed Homes: HomeVestor 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: Home Vestors 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 800 independently owned franchisee offices in 45 states.

» How much does Homevestors pay for houses? click here to know more about the price.

In our research, we came across some deal breakers with HomeVestors.

• Lowball Cash Offer: HomeVestors pays less than what sellers could gain on the open market. The cash offer is ~50% to 70% of the property’s FMV.
• HomeVestors Will Spam You: Past sellers have complained about HomeVestor’s incessant spamming. The emails don’t stop even if you decline their cash offer and unsubscribe from the mailing list.
• HomeVestors.com is Not 100% Online: 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 even 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.

HomeVestors has 2 out of 5 stars with 31 reviews on Better Business Bureau. HomeVestor’s Dallas office has a 3.2 out of 5 stars, with 26 reviews on Google.

» How Does HomeVestors Work? Why HomeVestors is not the best traditional cash buyer in 2023?