Over 30% of all homes were bought with cash in Q2 of 2024. West Palm Beach topped this list with 50.4% of cash sales, followed by Miami at 37.6%. This shows that cash is still king in the Venice of America city.
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 Top Cash Home Buyers in Fort Lauderdale
1. Houzeo: Fort Lauderdale’s #1 Cash Home Buyer Marketplace
Max Exposure to Cash Buyers
HouzeoHouzeo 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.
- Fee: Houzeo does not charge any undisclosed closing fee.
- $399 + $350 at Close: 6-month MLS listing, 24 photos
- $399+0.5% at Close: Maximum photos, premium yard sign
- $429+0.5% at Close: Pricing assistance, contract review, seller disclosures, licensed broker assistance
- $449+1% at Close: Virtual full-service with licensed broker, offer negotiations
- Typical Offer: Up to 100% of your property’s Fair Market Value.
- Eligible Properties: On Houzeo Marketplace, you can 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 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.
Houzeo is America’s #1 cash buyer marketplace because of 5 reasons:
- Max Exposure: Houzeo’s packages give you access to the MLS and 100s of websites like Zillow, Realtor.com, Redfin, etc.
- 5-Star Customer Service: Houzeo’s customer service desk is 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.
- No Listing Commission: You’ll pay just a small flat fee to list on MLS. You get to bypass the 3% listing agent commission! All fees are disclosed upfront, so there are no Houzeo hidden fees.
- 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.
There are no dealbreakers with Houzeo.
» Houzeo Pros and Cons: Read the advantages and disadvantages of choosing Houzeo to sell your home for cash.
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 Fort Lauderdale’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. HomeVestors
NATIONAL CASH BUYER
HomeVestorsHomeVestors 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.
- 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.
- 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.
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 U.S., with over 800 offices nationwide. Each HomeVestors office is independently owned and operated by a local real estate investor.
HomeVestors’ investors typically deduct the cost of repairs at closing and offer 50% to 70% of the fair market value.
3. Florida Cash Home Buyers
LOCAL CASH BUYER
Florida Cash Home BuyersFlorida Cash Home Buyers provides quick cash offers for distressed homes, based on the property’s After Repair Value (ARV). Sellers can expect offers below market value.
- Typical Offer: 65% to 80% of Fair Market Value (FMV)
- Service Fee: None
- Eligibility: Florida Cash Home Buyers offers cash for properties with structural issues, bad mortgage financing, inherited properties, homes facing foreclosure, etc.
- Closing Offer Terms: Florida Cash Home Buyers offers a closing period of 15 to 30 days, depending on your urgency and the chosen offer package.
👉 Our Take: Florida Cash Home Buyers is a good local “We Buy Houses in Florida” company to sell your distressed property fast. However, beware of lowball cash offers.
- Fast Cash Offers: Florida Cash Home Buyers provides no-obligation cash offers within 2 days. Many sellers have received offers within hours of submitting their property details on their website.
- Flexible Closing: This cash buyer lets you sell your home according to your timeline – whether you want to sell in 15 days or 30 days.
- Statewide Coverage: Florida Cash Home Buyers purchases properties in 100+ markets in the Sunshine State.
- Zero Service Fees: When selling to Florida Cash Home Buyers Com, you don’t have to pay any service fee. You also save money on repair and closing costs.
- Lowball Cash Offers: This Florida house cash buyer may extend lowball cash offers of around 65% to 80% of the property’s fair market value. This is lower than what you could get on the open market.
- Limited Scope for Negotiation: Florida Cash Home Buyers extends “take-it-or-leave-it” offers. You can try to negotiate, but usually, they won’t budge.
» Florida Cash Home Buyers Pros and Cons: Here are some more pros and cons of Florida Cash Home Buyers that can help you make an informed decision.
Florida Cash Home Buyers has 4.9 stars out of 5 from 150+ reviews on Google Reviews.
» Florida Cash Home Buyers vs. Houzeo: Which is the better choice for you?
Florida Cash Home Buyers is a local “We Buy Houses in Florida” company that offers cash for distressed properties. You don’t need to make repairs to request a cash offer from them, saving you thousands of dollars.
This Florida house buyer specializes in buying inherited properties and pays the probate in most cases. In addition to buying homes as is for cash, they assist sellers in relocating and finding a new home.
4. House Heroes
NO HIDDEN FEES
House HeroesHouse Heroes is a local cash buyer in Florida. They extend quick cash offers within 24 hours after a property assessment.
- Fee: House Heroes has no service fees or hidden closing costs.
- Typical Offer: They extend offers that are 30% to 70% of the property’s fair market value.
- Eligible Properties: House Heroes purchases properties in any condition. This includes homes needing repairs, foreclosures, inherited homes, rental properties, and those sold due to urgent relocations or divorce settlements.
- Closing Offer Terms: Sellers can choose their preferred closing date.
👉 Our Take: House Heroes promises quick cash offers within 24 hours. However, the property assessment can delay your sale.
- Quick Offers: You can get a cash offer quickly, often within 24 hours of the property assessment.
- Transparent Fees: House Heroes has no hidden fees or commissions, ensuring clarity throughout the process.
- Flexible Timeline: When dealing with House Heroes, you can sell your house as is and choose your preferred closing date.
- Low-ball Offers: House Heroes may offer you a price that’s 30% to 70% below market value as they factor in the cost of repairs and resale.
- Limited Scope for Negotiation: House Heroes extends “take-it-or-leave-it” offers. You can try to negotiate, but usually, they won’t budge.
- Limited Coverage: This company buys houses only in Florida.
House Heroes has 4.9 stars out of 5 on Google Reviews, with 55 reviews.
» House Heroes Reviews: Are you getting a fair deal? Find out now.
House Heroes is a reputable local cash buyer in Fort Lauderdale. Owner Lucas Machado and his team help distressed homeowners sell their homes fast. They make no-obligation cash offers on Fort Lauderdale homes within hours of the seller submitting the property details.
5. Express Homebuyers
As-Is Cash Home Buyer Network
Express HomebuyersExpress Homebuyers specializes in making all-cash offers on distressed houses. They cater to home sellers who want to sell their houses fast without making any repairs.
- Service Fee: Express Homebuyers do not charge any upfront fees.
- Typical Offer: Their cash offer ranges from 50% to 70% of the house’s fair market value (FMV).
- Eligible Properties: Express Homebuyers deals in inherited houses, home sales after divorce, foreclosure properties, rental properties, etc.
- Closing Offer Terms: While they usually close within 2 to 4 weeks, they have a flexible closing timeline and can buy your home at your convenience.
👉 Our Take: Express Homebuyers can be a great option to sell an extremely distressed property. However, if your house needs minimal or no repairs, then you should consider listing on the MLS.
- No Obligations Offers: You will receive a free estimate for your property, no matter how many major fixes it needs.
- Near Nationwide Coverage: Express Homebuyers offers cash for houses in 20 states including major states like Florida, California, Texas, Washington, etc.
- Flexible Closing Date: Closing dates can be finalized as per the home seller’s terms.
- No Charges or Fees: Express Homebuyers do not charge you any fees. You will receive the full selling price based on market research and the house’s conditions.
- Sell As-Is: You save on repair costs, and sell your house as-is.
» What is Express Homebuyers? Read our in-depth analysis of Express Homebuyers.
- Poor Customer Support: Previous clients have complained about their lack of communication and half-hearted responses.
- Non-Negotiable Offer: Your house will receive a cash offer of not more than 70% of the property’s fair market value.
Express Homebuyers has a rating of 4.4 out of 5 stars with 135+ reviews on Google Reviews.
» Express Homebuyers Reviews: Is there really no service fee?
Jud Allen and Brad Chandler founded Express Homebuyers in 2003. They are based in Springfield, Virginia, but they buy homes across the nation.
They will extend a cash offer that is up to 30%-70% of your home’s fair market value. However, they have poor customer support which can delay your sale.
6. We Buy Houses
QUICK AND EASY SALES
We Buy HousesWe Buy Houses is a network of pre-vetted real estate investors. Each investor is thoroughly screened before being authorized to operate independently.
- Service Fee: None
- Typical Offer: 50% to 70% of the property’s fair market value.
- Eligible Properties: Distressed properties with structural issues, homeowners facing relocation, flawed mortgage financing, inherited homes, or homes in high-crime neighborhoods.
- Closing Offer Terms: We Buy Houses provides a flexible closing date, typically 7 to 14 days. The offer terms are not flexible.
👉 Our Take: We Buy Houses is an ideal option to sell your home quickly without the hassle of repairs. However, be prepared to settle for a lowball offer.
- Fast Cash Offers: You will typically receive the initial cash offer within 2 days.
- Zero Service Fees: We Buy Houses doesn’t charge any service fee in exchange for the convenience of selling your home for cash.
- Fast Closing: We Buy Houses can complete the entire home sale process in just 7 days after you accept their offer.
- Zero Repair Costs: When selling to We Buy Houses, you don’t need to prep the house or worry about repairs.
- Service Quality Varies: We Buy Houses operates on a franchise model. It means service quality can vary depending on the location.
- Limited Scope for Negotiation: We Buy Houses extends “take-it-or-leave-it” offers. You can try to negotiate, but usually, they won’t budge.
- Unsolicited Calls: Some reviews mention receiving unsolicited calls and texts from the company.
» We Buy Houses vs. Houzeo: Learn why Houzeo is better than “We Buy Houses”.
We Buy Houses has 1 star out of 5 on Better Business Bureau from only 4 customer reviews.
» We Buy Houses Reviews: Read this comprehensive review to learn more about the company.
WeBuyHouses.com is a group of real estate investors who buy properties as is for a lucrative flip. They are a good option if you want to sell your home fast for cash and your property only needs some cosmetic repairs.
7. ASAP Cash Home Buyers
NATIONWIDE COVERAGE
ASAP Cash Home BuyersASAP 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.
- 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.
- 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.
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.
ASAP Cash Home Buyers was founded in Fort Lauderdale, FL. They are a group of real estate professionals with over a decade of experience. They don’t charge a closing fee and can buy your Fort Lauderdale house in 7-28 days.
Are Companies That Buy Houses for Cash in Fort Lauderdale Legit?
Yes, companies that buy houses for cash are legitimate and operate legally nationwide. They purchase distressed properties at a discount, renovate them, and then sell them for profit.
3 Types of Companies That Buy Homes in Fort Lauderdale
- We Buy Houses for Cash Companies: They typically extend offers for distressed homes and pay 30% to 70% of the properties’ FMV. These companies include popular names like HomeVestors and House Heroes.
- iBuyers: They offer instant cash offers that are 70% to 80% of the FMV. Additionally, Opendoor and Offerpad have strict eligibility requirements, limiting the types of homes they purchase.
- Home Trade-In Services: These cash home buyers give you an advance on your cash offer before you move out, ensuring a smooth and hassle-free transition. Companies like Knock or Orchard provide this service.
4 Steps to Sell Your Home for Cash in Fort Lauderdale
If you’re wondering how to sell your home for cash in Fort Lauderdale, here’s what you need to do:
- Find a Cash Home Buyer: Research all companies buying houses for cash in your area. Choose one based on client testimonies and positive online reviews.
- Request an Offer: Once you’ve selected a cash buyer, request an offer on their website. You must provide information such as property type, number of bedrooms and bathrooms, asking price, etc. You will also have to give the reason for the home sale.
- Schedule a Home Visit: A representative from the company will come to inspect your house. They will then give you their final cash offer.
- 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 “We Buy Houses for Cash in Fort Lauderdale” Companies Pay?
Cash buyers in Fort Lauderdale usually offer between 30% to 70% of a home’s After-Repair Value. The offer also depends on factors like the company you’re selling to, their service fees, etc. The After-Repair Value is calculated as follows:
After-Repair Value (ARV) = Property Purchase Price (PPP) + Cost of Repairs (COR)
Imagine if you’re selling your $540,000 home in Fort Lauderdale. With a traditional cash home buyer, you could get just $378,000. But, with a cash buyer marketplace like Houzeo, you only pay $749 and get up to $539,251!
Service Provider | Service Fee | Potential Offer (of the ARV) | Actual Offer Amount |
Cash Buyer | None | 70% | $378,000 |
iBuyer | 5% | 80% | $432,000 |
Houzeo | $749* | Up to 100% | $539,251 |
📢 NAR Settlement Saves Sellers Thousands in Commission
The NAR Settlement went into effect on August 17, 2024. Buyer agent commissions can no longer be offered on the MLS. This means sellers will save thousands! But it also means there’s a lot more compliance and litigation risks.
Here’s what this means for you:
- Sellers Can Save Thousands in Commissions: You will likely pay much less than the traditional 3% buyer agent commission. That’s because buyer agent commissions will be negotiated twice: Once when buyers engage buyer agents, and again when sellers review offer contracts.
- Seller Priority #1 Will Be Paperwork (to Mitigate Compliance & Litigation Risks): Buyer agents mitigate all types of risks. From seller disclosures, offer contracts, contingencies, inspections, repair requests, appraisal, and closing – Buyer agents keep the paperwork tight. Their state licensing authorities, Realtor associations, and MLS’ audit paperwork compliance. Without buyer agents, sellers will have to learn and adapt. Or risk expensive litigation.
- Negotiations Can Now Feel Like Haggling: Buyer agent commissions will now be part of offer contracts and buyer agency agreements. Buyers may ask sellers to include commissions in the form of seller concessions. That means home buyers and sellers alike will be negotiating commissions. Sellers will need expert licensed brokers to help them with these negotiations.
- Buyer Agent Commissions Can Be Offered Offline: Buyer agent fees can still be offered outside of the MLS. They just cannot be advertised on the MLS.
Pros and Cons of Companies That Buy Houses for Cash in Fort Lauderdale
✅ Pros
- Fast Cash Sale: Typically, sellers must list on MLS in Florida and wait for potential buyers. “We Buy Houses for Cash” companies offer a cash deal within 24-48 hours.
- Flexible Closing: Cash buyers in Fort Lauderdale close quickly and on your timeline. So you can sell your home anywhere between 7 days to 30 days as per your convenience.
- Zero Service Fees: Fort Lauderdale’s cash house buyers don’t charge any service fee. Their net profit is enough to sustain their fix-and-flip model.
❌ Cons
- Lowball Cash Offers: Cash companies that buy homes in Fort Lauderdale typically pay 30% to 70% of market value, deducting repair and resale costs.
- Non-Negotiable Deals: When dealing with cash home buyers, the offer is usually take-it-or-leave-it.
- Possible Closing Costs: Some buyers may require you to pay seller closing costs, so always review terms carefully.
Alternatives to Companies That Buy Houses for Cash in Fort Lauderdale
- List Your Home With a Flat Fee MLS Service: You can get up to 100% of your home’s market value with a Florida Flat Fee MLS listing. Your home is visible to multiple cash buyers and investors, increasing your offers.
- Hire a Traditional Full-Service Realtor: When you opt for a full-service Fort Lauderdale Realtor, you will have to shell out a 5% to 6% commission. That’s $32,400 on a $540,000 home gone!
- List With a Discount Real Estate Broker: They are real estate professionals who offer the same services as traditional agents but for a lower fee. Discount real estate brokers in Fort Lauderdale charge between 0.5% to 2% as fees.
- Sell “For Sale By Owner”: In a FSBO sale, you’ll have to opt for “DIY” marketing strategies like using FSBO signs and word of mouth. But your listing won’t be on Zillow, Trulia, and Realtor.com. Meanwhile, paid For Sale By Owner sites in Florida will help you list on the MLS and increase exposure.
Should You Sell to Companies Buying Houses in Fort Lauderdale?
Yes, but only if you want to sacrifice thousands of dollars. By accepting an offer from a single cash buyer, you may receive only 30% to 70% of your home’s value, sacrificing equity for a quick sale.
If you want the best of both worlds, a cash buyer marketplace is your best bet. Within 24 hours, your home will be visible to multiple local and national cash buyers, boosting your chances of competitive offers.
Frequently Asked Questions
Which is the best company that buys houses for cash in Fort Lauderdale?
Houzeo is the best cash marketplace for selling homes for cash in Fort Lauderdale. Companies like Opendoor and HomeVestors have extended offers on homes listed on Houzeo.
How can you sell to companies that buy houses for cash?
To sell to companies that buy houses for cash, research local cash buyers in Fort Lauderdale or use a cash buyer marketplace. Submit your home’s details, get an offer within 24-48 hours, and if you accept, close the deal in as little as a week.
How fast can I sell my Fort Lauderdale house?
You can sell your house in 7 to 30 days when selling to cash buyers in Fort Lauderdale.
» How to Sell a House Fast in Fort Lauderdale: Learn how you can get your home sold in no time in the Venice of America City.
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.