22 min read Oct 09, 2022

7 Best Companies That Buy Houses for Cash in Fort Myers, FL

we-buy-fort-myer-houses

» Jump To: 7 Best Cash Buyers in Fort Myers, FL | Reviews | Best Cash Offer Option | Best iBuyers | Best “We Buy Houses for Cash” Companies | Understanding Cash Buyers | 🚩Scams | MLS vs. iBuyers vs. “We Buy Houses for Cash” Companies | Should I Sell My House to a Cash Home Buyer? | FAQs

Home prices in Fort Myers, FL elevated by 28.5% compared to the last year. Considering Fort Myers, FL’s housing market trend, 2022 is a strong seller’s market to sell your house for cash. Companies that buy houses for cash in Fort Myers, FL fall into 2 categories:

  • iBuyers: Typically offer 70% to 90% of the property’s market value. iBuyers can have high service fees and do not typically buy distressed or rented properties, or properties with title complications.
  • “We Buy Houses For Cash” Companies: Typically offer about 50% to 70% of the property’s market value. They usually have no service or closing fees. They will also buy properties that are distressed or rented.

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

Reviews: 7 Best Companies that Buy Houses for Cash in Fort Myers, FL

1. Houzeo.com

🎖️ Max Exposure to Cash Buyers

Houzeo

  • Service Fee: $349 Listing Fee
  • Available in 80+ U.S. Markets
  • 5 Stars 4.9/5 (out of 4097 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 Best iBuyer in Fort Myers, FL

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. Offerpad

FASTEST CLOSING

Offerpad

  • 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

The 4 Best “We Buy Houses for Cash” Companies in Fort Myers, FL

“We buy houses for cash” companies in Fort Myers, FL pays significantly lower than what you can get for your house on the open market.

With cash offers as low as 50%, these companies are ideal only if you are trying to sell an extremely distressed property.

» Cash Buyers: Check out America’s best “We Buy Houses for Cash” Companies

3. ASAP Cash Home Buyers, Fort Myers

LOCAL CASH BUYER

ASAP Cash Home Buyers

  • Service Fee: None
  • 3.5 Stars 3.75/5 (out of 3 reviews)

ASAP Cash Home Buyers started their journey in 2013. They help home sellers with their distressed properties and buy all types of residential real estate and empty lots. This reputable cash home buyer purchases houses regardless of their condition, location, or price while offering fair market value. They even refer their clients to credit and legal counseling services to make better decisions.

Note: They are not interested in properties like timeshares, hotels, or rental communities.

  • Service Fee: None
  • Typical Offer: 50% to 70% of the Fair Market Value (FMV)
  • Types of Properties Purchased: ASAP Cash Home Buyers offer cash on houses in any given condition.
  • Closing Date & Offer Terms: After buying your house, the turnaround time is as little as 24 hours. They also provide a flexible closing date.
  • Easy Home Selling Process: You don’t need to schedule a showing to sell your house. Simply complete the form to receive a cash offer on your house the next day.
  • Coverage: They buy houses for cash nationwide.

👉 Our Take: They can be an ideal choice for home sellers who want to sell their homes in any condition for fair market value.

  • They buy your house as per your preferred date.
  • No undisclosed fees or hidden costs.
  • They buy houses in any condition.
  • Fill out their online form and sell your house.

ASAP Cash Home Buyers have a star rating of 3.75 out of 5 stars, with reviews on Google

ASAP Cash Home Buyers provides nationwide coverage. 

4. We Buy Houses, Fort Myers

FAST CLOSING

We Buy Houses

  • Service Fee: None
  • Closing in 3 weeks
  • No credible reviews found.

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

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

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

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

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

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

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

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

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

5. We Buy Ugly Houses, Fort Myers

NATIONWIDE COVERAGE

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

6. HomeVestors, Fort Myers

NATIONAL CASH HOME BUYER

HomeVestors

  • Service Fee: None
  • Closing in 3 weeks
  • HomeVestors has 2.2 stars out of 5 2.2/5 (out of 5 reviews)

HomeVestors is a nationwide network of real estate investors operating franchise offices autonomously nationwide. This cash home buyer company is the parent brand of We Buy Ugly Houses and caters to distressed home sellers. 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., extremely 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: 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.
  • Limited Coverage: HomeVestors covers 45 states with 800 franchise offices.

🚩 You Should Know: HomeVestors is known for its lowball cash offers. Before requesting a cash offer from them, you should review the local home sales data and find the market value of your house. The final proceeds are around 50% to 55% of the home’s fair market value after the deduction of anticipated repair costs.

👉 Our Take: This cash buyer company is best for home sellers looking to unload an extremely distressed house quickly and don’t mind getting half of their home’s worth. Remember—an MLS listing on Houzeo.com will expose your property to nationwide cash buyers, and increase the chance of getting multiple offers.

» HomeVestors Reviews: Everything you need to know about the cash house buyer network

  • Get a preliminary cash offer in 24 to 48 business hours
  • HomeVestors decides the cash offer based on local market sales & housing trends
  • Close in as little as three weeks
  • No need to prep the home for listing or worry about 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: HomeVestors has 2.2 out of 5 stars with 5 reviews on Better Business Bureau.

» HomeVestors Review: Is HomeVestors the best cash buyer company in 2022?

HomeVestors has near-nationwide coverage in 800 independently owned franchise offices in 45 states.

Are Companies that Buy Houses for Cash in Fort Myers, FL 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.

Understanding Cash Home Buyers in Fort Myers, FL

Who are Cash Home Buyers?

Cash home buyers in Fort Myers, FL are real estate buyers who make direct cash offers on homes.

Essentially, they make a cash offer on houses and let the home sellers skip the hassle of listing on the MLS, marketing, etc.

This convenience may not always be in favor of the home sellers because they don’t get the full 100% Fair Market Value (FMV) of their property.

💲 WANT 100% FAIR MARKET VALUE? List your house on the MLS and get 100% FMV for your property!

Types of Cash Home Buyers

There are 4 types of real estate buyers buying a house with cash. Also known as cash house buyers, this is a fast-growing population in the country and offers homeowners cash for their properties.

# NoType of Cash Home BuyerDescription
1. Retail Cash Home BuyersBuyers looking for pretty and ugly properties and holding them as a rental in a small portfolio.
2.Traditional “We Buy Houses for Cash” CompaniesBuyers who buy distressed properties such as homes facing foreclosures inherited homes that need repairs or couples going through a divorce.
3.iBuyersCompanies that buy homes for cash with instant offers using technology and market data.
» Interested in iBuyers? Check out this blog to find out who is 2022’s #1 iBuyer.
4.National InvestorsCash home buyers who buy homes for cash, companies like Sundae have a pre-vetted network of investors who bid for properties.

How Much Do Cash Home Buyers in Fort Myers, FL Pay?

# NoType of Cash Home BuyerHow Much Do These Cash Home Buyers in Fort Myers, FL Pay?
1. Retail Cash Home Buyers100% Fair Market Value (FMV) of the property, even if the property isn’t very desirable
2. Traditional “We Buy Houses for Cash” Companies50% to 70% of the property’s Fair Market Value (FMV) since they want to keep their expenses minimal and re-sell the properties to make profits.
3. iBuyers90% to 100% of the property’s Fair Market Value (FMV), but the closing costs and service fees can go up to 13%.
4. National Investors50% to 70% of the property’s Fair Market Value (FMV), but you could get the full 100% of the FMV if you negotiate well.

⏰ FASTEST WAY TO GET CASH OFFERS: Houzeo is 100% online. Complete listing formalities in <60 mins and market to cash home buyers!

Understanding iBuyers

What is iBuying?

An iBuyer or iBuying company uses its proprietary algorithm to price homes and make offers based on local sales data while ensuring they calculate re-selling profits.

The company will decide whether your home is worth purchasing based on millions of data points and decade-long historical price trends, as Opendoor has explained in their blog.

How Do iBuyers Work?

Technology and data go hand-in-hand while calculating your home’s worth when you are selling a house to iBuyers.

🏡 Selling a House to iBuyers

1. Submit information about your home

Most iBuyers prefer to collect basic information about the house through an online form or over the phone.

2. Receive a preliminary cash offer

After an initial evaluation, you usually get a preliminary cash offer that is a take-it-or-leave-it deal.

3. Complete a home inspection

An onsite visit is scheduled if you accept the preliminary cash offer.

4. Review the final cash offer

Repair costs and expenses are adjusted, and the iBuying company makes a final cash offer.

5. Close the deal

iBuyers provide more flexibility on the closing schedule. You may be able to close within 7 days.

    👉 IMPORTANT: 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.

Typically a poised experience, buying your dream home from iBuyers is more convenient than the traditional method of buying homes.

🏡 Buying a House from iBuyers

1. Submit an offer for your desired house

Shortlist your dream house, take a private tour using the iBuyer’s mobile app or website and submit your offer.

2. Wait for iBuyer’s response

Once you’ve made your offer, wait for the iBuyer’s response. You’ll get a reply within 24-48 hours.

3. Draft Purchase Agreement

With the help of a local realtor, draft a Purchase Agreement for the house.

4. Review and sign the Purchase Agreement

Sign the purchase agreement and decide on a closing date if everything’s correct.

5. Schedule a home inspection

A third-party inspector or an iBuyer’s representative will accompany you during the onsite inspection. Negotiate the repairs and closing costs during this visit.

6. Close the deal

Decide on a closing date. Generally, iBuyers close within 14 to 45 days typically.

Which Homes Qualify for Most iBuyers in Fort Myers, FL?

Generally, the purchase criteria of iBuyers are similar.

  • 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 (but can be as high as $1.4 million in some markets)
  • Occupancy: Owner-occupied

iBuyers could make exceptions in some markets, so it’s best to request an offer from an iBuyer near you.

⏰ FASTEST WAY TO GET CASH OFFERS: Houzeo is 100% online. Complete listing formalities in <60 mins and market to cash buyers in Fort Myers, FL!

How Much do iBuyers Pay?

iBuyers may pay as high as 104.1% and as low as 80% of the fair market value.

iBuyers are ideal for you if you have a pretty house with minimal repair costs and want to avoid the hassle of listing on the MLS.

How Much are iBuyer Fees?

OfferPad, Opendoor, and Zillow Offers are some great examples for iBuyers, and iBuyer fees highly depend upon your property’s condition and location.

Typically, you can expect the final service fees to be around 10% to 18% of the home’s sale price.

👉 Pro Tip: If you list with a flat fee MLS platform, you save 50% commission right away and 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.

iBuyers: Benefits and Drawbacks

✅ Quick, Hassle-free Sale

After accepting the cash offer on the house, the remaining process becomes seamless. The hassle that comes with a traditional sale is eliminated when dealing with iBuyers.

🖋️ Important: iBuyers like Opendoor and Offerpad have made full cash offers on the properties listed on Houzeo. Increase your chances of meeting an iBuyer while keeping the house on the open market with Houzeo.com; start listing here!

✅ Fast Closing

There is no listing, wait for potential buyers, or endless negotiations, making iBuying convenient for sellers who want to close fast. The speed of the sale makes iBuyers appealing to home sellers in desperate need of liquidity.

✅ Certainty of Sale

When dealing with iBuyers, the chances of your transaction going astray are lesser compared to the conventional model of selling a house.

There is an assurance that your property will close, so will have hard cash in hand. With an iBuyer, you can accept the offer and sell immediately.

✅ No Upfront Costs

Whether it’s a traditional broker or a flat fee MLS company, a home seller has to incur costs while listing the house and prepping for sale. iBuyers acquire your home as-is, so you don’t have to spend money on repairs or listing fees.

⛔ Non-negotiable Cash Offers

When dealing with iBuyers, the 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, they usually provide final offers.

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.

👉 Pro Tip: When you list your house on the MLS, there is an opportunity to negotiate cash offers and avail better rates than with iBuyers.

🏡 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

⛔ Strict Eligibility Criteria

There are certain prerequisites a home must adhere to if an iBuyer is to buy it. Most iBuyers only offer cash for relatively newer properties (post-1930), worth less than $500,000-$600,000 and less than 1.5 acres. Because of the stringent purchase criteria, many homes don’t qualify for sale.

👉 Note: 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.

⛔ Limited Coverage of iBuyers

iBuyers purchase homes in the markets they operate in, so iBuying is not a choice for the majority of Americans. You won’t stand a chance if your property lies outside of their coverage.

👉 Pro Tip: Houzeo offers nationwide coverage and increases the chance of getting the maximum cash for your house. Houzeo’s 100% online platform makes the comprehensive listing paperwork feel like a cakewalk.

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Understanding “We Buy Houses for Cash” Companies

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

“We buy houses for cash” in Fort Myers, FL companies often buy these properties at a way lower than the market price. Generally, they fix them when needed and then resell them for a profit.

To have a better understanding, let us look into the workflow.

⭐ STEP 1- Fill out required details about your house

The majority of businesses prefer to gather basic information about home via an internet form or over the phone. You will receive a quick estimate of cash offers as soon as the assessment is completed.

⭐ STEP 2- Review initial estimate

Once you get an estimated cash offer, you can choose to accept or reject it. These offers are generally non-negotiable.

⭐ STEP 3- Complete the inspection

An onsite inspection will be scheduled if you accept the initial quotation. A third-party inspector or a local firm representative will complete the onsite inspection. If any essential repairs are required, your final offer will be modified proportionately.

⭐ STEP 4- Accept the final offer

If an offer meets your ideal requirements, then you just have to accept the company’s final offer, sign a purchase agreement, and schedule closing.

⭐ STEP 5- Close on your schedule

“We buy houses for cash” companies can pace up the process and provide more flexibility on timing so you even don’t have to wait for a bank to subscribe to a mortgage. In some cases, you may be able to close just within ten days.

How Much Do “We Buy Houses for Cash” Companies Pay in Fort Myers, FL?

Companies that buy houses in Fort Myers, FL often use the 70% rule. That means they’ll pay no more than 70% of your home’s market value. Moreover, sometimes there are repairs too. Cash buyer companies deduct these overhead expenses.

✍️  Formula – Ideal Market Value of Your House x 70% Offered by a cash buyer – Repairs Costs

Let’s take an instance,

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

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.

Remember– You’ll need to pay commission and closing costs if you opt for an open market.

Some cash buyers in Fort Myers, FL are willing to pay less than 70% of the home’s value after renovations. We recommend listing with various companies because you will typically receive cash offers with no strings attached.

💲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!

“We Buy Houses for Cash” Companies in Fort Myers, FL: Pros and Cons

✅ Fast Sale

Once you accept the cash offer on the house, the home selling process becomes seamless and fast. With a traditional model, you have to list on the MLS and wait for potential Fort Myers, FL house buyers. In the case of “we buy houses for cash” companies in Fort Myers, FL, this process gets eliminated. After submitting details on their website, you’ll get an instant offer and closing can happen as quickly as two weeks.

✅ Flexible Closing

“We buy houses for cash” companies in Fort Myers, FL moves faster than others because there is no longer a need to wait for mortgage approval or listing paperwork. Many companies do provide a one-month closing guarantee or even go up to two weeks.

The speed of the sale makes these cash house buyers appealing to home sellers in desperate need of liquidity.

✅ No Service Fees

“We buy houses for cash” companies acquire your home as-is, and don’t charge anything for the service.

Their lowball offers for your property are enough to recover their profits by reselling the property. So, they don’t charge any service fees typically.

✅ No Upfront Costs

Whether it’s a traditional broker or a flat fee MLS company, a home seller has to incur costs while listing the house and prepping for sale. “We buy houses for cash” companies acquire your home as-is, so you don’t have to spend money beforehand.

Required repairs, curb appeal, upgrading furniture, and staging are some elite expenses you avoid when you choose companies that offer cash for houses to get a top-dollar deal for your home.

⛔ 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.

👉 Pro Tip: When you list on the open market, there is an opportunity to negotiate cash offers and avail better rates than with companies that buy houses for cash in Fort Myers, FL.

⛔ 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.

👉 Pro Tip: You can receive maximum cash for your house when your property is listed on the MLS and also negotiate with the potential buyers. In 2022’s powerful seller’s market, getting multiple offers for your house is possible!

💸 Maximize Your Cash Offer with Houzeo


Houzeo syndicates your MLS listing to thousands of real estate websites and provides unparalleled exposure to your property.


START YOUR MLS LISTING NOW

We Buy Houses for Cash” Scams in Fort Myers, FL

Cash home buyers in Fort Myers, FL 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, Fort Myers, FL 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.

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 Fort Myers, FL can be classified as:

  • 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. Fort Myers, FL real estate cash buyers often purchase the property as-is, with instant offers and flexible closing timelines.

Investors acquiring homes for less than the fair market value will drive a hard bargain and take advantage of distressed home sellers.

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: An introductory guide to house flipping for beginners

What about Selling My House with a Real Estate Agent Instead?

It depends! If you are looking to sell your house at a top-dollar rate, listing on the MLS is the best option because it is where 90% of home buyers start their home purchase journey. You should always check the contingencies and be choosey about which company to work with.

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

✍️  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!

MLS vs. iBuyer vs. “We Buy Houses for Cash” Companies

📈 Listing on the MLS

Listing on the open market is the best way to maximize your cash offer because your MLS listing gets syndicated to other real estate websites like Zillow, Trulia, Redfin, Realtor.com, etc. This amplifies the exposure of your MLS listing and puts you right where cash home buyers are looking for hot properties.

You can get multiple offers and also compare the highest and the best offers from potential buyers. There is an opportunity to negotiate the sale price, closing costs, etc., and save substantially in commissions by choosing a flat fee MLS platform or low commission real estate agent.

Best For: Home sellers who want to maximize their cash offers, avail of the best offer terms, and close at a flexible schedule.

⏰ FASTEST WAY TO GET CASH OFFERS: Houzeo is 100% online. Complete listing formalities in <60 mins and market to cash home buyers!

» MORE: How to List on the MLS Without A Realtor in 2022

📲 iBuyers

iBuyers are instant buyers, and these companies have created a level-playing field with full cash offers and technologically advanced platforms. You get a reasonably fair cash offer instantly, and you can close within a matter of a few days.

Getting the highest possible rate may not be possible, but iBuyers paid 99.4% of the fair market value in 2021. The coverage of iBuyers is limited, so not all homeowners can avail their cash deals.

✅ Best For: Home sellers who want a hassle-free experience and don’t mind leaving some cash on the table.

» MORE: iBuyers Reviews 2022: Is the Convenience Worth the Trade-off?

🤑 “We Buy Houses for Cash” Companies

If your house is in poor condition and you don’t want to spend thousands of dollars on repairs or closing costs, then you can choose “we buy houses for cash” companies. These companies make quick offers and help sell your house fast for cash.

You’ll get 50%-70% of your home’s fair market value, which is a low-ball offer. A home worth $150,000 on the open market can be scored at $70,000 by an investor with quick cash. An offer that is nearly 50% lesser than what the property is worth.

✅ Best For: Home sellers who want to sell distressed houses or selling properties falling in difficult-to-sell locations.

» MORE: We Buy Ugly Houses Reviews: Not the Best Cash Buyer for Your Ugly House in 2022

Should I Sell to a Cash Home Buyer in Fort Myers, FL?

Yes, but only if any of the below reasons match yours.

Selling your house to a company that buys houses for cash will be beneficial when you’re-

📌 On a severe tight timeline

If you’re going through a rough patch in your life, such as a divorce or an immediate move, cash buyers or investors can help you sell faster.

📌 Owning 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 that is far away or in terrible shape.

📌 In need of urgent 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.

📌 Owning a badly distressed property

If your property is in extremely poor condition and it’s a waste to even contribute to further repairs, then selling your house for cash is a perfect choice.

However, if you’re just looking for hard cash and can hang in a while, then listing on the MLS would be ideal.

With a technologically advanced platform 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!

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 the best FSBO and Flat Fee MLS platform in America.

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 the platform is the best in America’s competitive housing market.

Frequently Asked Questions

1. What is the best company that buys houses for cash?

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

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

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

4. How long does a cash sale on a house take in Fort Myers, FL?

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

5. Do “We Buy Houses” companies 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 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 Fort Myers, FL?

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

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