✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.
Maryland’s real estate landscape is in transition. While home prices remain high, overall sales are low. Only one aspect remains constant: the power of cash offers. 34.5% of homes were bought with cash in February, mostly in the Free State.
Baltimore topped this list with 43.1% of cash sales. This indicates a growing trend of cash home sales in Maryland. But here’s the catch: cash buyers often come with “lowball” offers.
Consider a different approach to maximize your home’s value and achieve a quick sale. Opt for a cash buyer marketplace. You could get offers from multiple local and national cash home buyers, possibly driving up your home sale price.
Reviews: 6 Best Cash House Buyers in Maryland
Here are the 7 best companies that make cash offers for homes in Maryland. Some may get you up to 100% of your property’s fair market value, while others may offer you as low as 30% cash for your house.
1. Houzeo.com: Maryland’s #1 Cash Home Buyer Marketplace
Max Exposure to Cash Buyers
Houzeo
- Service Fee: $399 Listing Fee
- Available in 80+ U.S. Markets
4.9/5
(10,020+ reviews)
4.9/5
(10,020+ reviews)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 secure your property, investors could make multiple cash offers for your home.
- Fee: Houzeo does not charge a 5% service fee or any undisclosed closing fee
- $399 + $350 at Close: MLS Listing: 6 months, 24 photos
- $399+0.5% at Close: Maximum photos, premium yard sign
- $429+0.5% at Close: Pricing assistance, contract review, real estate forms, 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 (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:
- 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. The Houzeo Mobile App is also very powerful.
- No Listing Commission: In most states, you’ll pay just a small flat fee to list on MLS. Houzeo covers 47 states and DC! Remember, all fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the listing agent commission!
- Home Value Estimator: Houzeo’s home value estimator is online and quick to know the FMV of your home. It provides free home value estimates within 30 seconds.
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 10,000+ home sellers on Google and Trustpilot!
Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.
Houzeo is the best option for getting the most value for your home. It is a marketplace for all types of home sellers – whether you’re looking for a quick sale, an as-is sale, or a cash offer. Houzeo also gives your home maximum exposure to house-buying companies and individual investors.
2. HomeVestors
NATIONAL CASH BUYER
HomeVestors
- Service Fee: None
- Closing in 3 weeks
- 4.5/5
(35+ reviews)
4.5/5
(35+ reviews)HomeVestors is a nationwide network of real estate investors operated independently. This cash home buyer company is the parent brand of We Buy Ugly Houses.
- Service Fee: None.
- Typical Offer: 50% to 70% of Fair Market Value (FMV).
- Eligible Properties: 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 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: 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.
- 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.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.
» How Does HomeVestors Work? Why HomeVestors is not the best traditional cash buyer in 2023?
HomeVestors has 1.5 out of 5 stars with 38 reviews on Better Business Bureau. HomeVestor’s Dallas office has a 4.5 out of 5 stars, with 30 reviews on Google.
HomeVestors is the biggest cash home buyer franchisor in the U.S., with over 800 offices nationwide. The company also owns the “We Buy Ugly Houses” brand.
Each HomeVestors office is owned and operated by a local real estate investor. However, they may deduct the cost of repairs at closing. It typically offers 50% to 70% of the fair market value of your home.
3. Express Homebuyers
As-Is Cash Home Buyer Network
Express Homebuyers
- Service Fee: None
- 4.3/5
(120+ reviews)
Express Homebuyers is a real estate investor network that makes all-cash offers on houses. They specialize in dealing with sellers who don’t wish to make repairs and want to sell “as-is.”
- Service Fee: None
- Typical Offer: 50% to 70% of Fair Market Value (FMV)
- Eligible Properties: Distressed properties with structural issues, condemned properties, bad mortgage financing, inherited houses, etc.
- Closing Offer Terms: Express Homebuyers purchases homes in under 7 days, or a convenient date of your choice.
👉 Our Take: Express Homebuyers is great to unload an extremely distressed property. However, if your house needs minimal repairs only, then you should consider listing on the MLS.
» Express Homebuyers Reviews: Is there really no service fee?
- Fast Cash Offer: Express Homebuyers presents a preliminary cash offer within 7 minutes!
- No Obligations Offers: You will get a free, no-obligation offer for your property even damaged ones.
- Near Nationwide Coverage: Express Homebuyers offers cash for houses in almost all states, including top states like California, Texas, and Florida.
- Flexible Closing Date: Closing dates can be finalized as per the owner’s terms.
- No Additional Charges: Express Homebuyers has no service fees, they even pay the closing costs.
- 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: Express Homebuyers will not offer more than 70% of your property’s fair market value.
Express Homebuyers has a rating of 4.3 out of 5-star with 120+ reviews on Google Reviews.
» Express Homebuyers Review: Check out our exclusive reviews of Express Homebuyers.
Jud Allen and Brad Chandler founded Express Home Buyers in 2003. The company operates in 27 states and DC. You can sell your house as is quickly with them.
Express Home Buyers has over 20 years of experience. However, you can expect some delay in your house sale due to their poor customer support.
4. Maryland Cash House Buyers, LLC
LOCAL CASH BUYER
Maryland Cash House Buyers, LLC
- Service Fees: None
- 4.6/5
(out of 11 reviews)
Maryland Cash House Buyers, LLC is a real estate investment company that offers cash for houses. They are based out of New Market, MD, and specialize in making fair all-cash offers on distressed homes across Maryland.
- Service Fee: None
- Typical Offer: 50% to 70% of Fair Market Value (FMV)
- Eligible Properties: 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 Offer Terms: Maryland Cash House Buyers, LLC takes 7 – 30 days to close the deal.
👉Our Take: Maryland Cash House Buyers, LLC is for sellers trying to sell as-is for all cash in Maryland. However, an MLS listing will get your better offers.
- Quick Cash Offer: You get a free, no-obligation offer within 24 hours, even for damaged properties.
- Flexible Closing: The closing date can be finalized as per the owner’s terms.
- No Additional Costs: There are no service fees, no commissions, and no closing costs.
- Sell As-Is: You can save on repair costs and sell your house as is.
» Pros and Cons of Maryland Cash House Buyers, LLC: Read further to know the advantages and disadvantages of Maryland Cash House Buyers, LLC.
In our research, we came across some drawbacks of Maryland Cash House Buyers LLC:
- Lowball Cash Offer: Maryland Cash House Buyers 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.
- Non-Negotiable Cash Offers: Maryland Cash Buyers LLC will not offer more than 70% of your property’s fair market value. They rarely increase the price quoted in the initial cash offer.
Maryland Cash House Buyers, LLC has a rating of 4.6 out of 5 stars from 11 reviews on Google Reviews.
» Maryland Cash House Buyers, LLC Reviews: Know why it is not the best way to sell with Maryland Cash House Buyers, LLC in 2023.
Maryland Cash House Buyers LLC is a family-run local cash home buyer company that has been in business since 2003. They are available throughout Maryland.
They have great customer reviews among local sellers in Maryland. However, you may be offered less than the fair market value of your house.
5. We Buy Ugly Houses
NATIONWIDE COVERAGE
We Buy Ugly Houses
- Service Fee: None
- Closing in 3 weeks
- 2.3/5
(45+ reviews)
2.3/5
(45+ reviews)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 We Buy Ugly Houses drawbacks.
- 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 9+ reviews on Yelp.
» We Buy Ugly Houses Complaints: Check what customers say about WeBuyUglyHouses.com.
We Buy Ugly Houses, a trademark of “HomeVestors,” operates on a franchisee model. Each WeBuyUglyHouses franchisee has its own rules, so the cash offer terms and service quality may not be consistent. If your house needs dire repairs, they make cash offers starting from 30% of its FMV.
6. ASAP Cash Home Buyers
LOCAL CASH BUYER
ASAP Cash Home Buyers
- Service Fee: None
-
4.4/5
(10+ reviews)
ASAP Cash Home Buyers started their journey in 2013. They are a reputable cash buyer who refers their clients to credit and legal counseling services.
- Service Fee: None
- Typical Offer: 50% to 70% of the Fair Market Value (FMV)
- Eligible Properties: Extremely distressed properties with structural issues, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, empty lots, etc.
- Closing Offer Terms: They provide a flexible closing date from 3 weeks to any date of your choosing.
👉 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 significantly below the fair market value.
» Pros and Cons of Asap Cash Home Buyers: Here’s everything you need to know.
- Nationwide Coverage: ASAP Cash Home Buyers offers their services nationwide.
- Flexible Closing Date: You can set a closing date as per your convenience.
- No Hidden Costs: ASAP Cash Home Buyers have no undisclosed fees or hidden costs.
- Sell As-Is: They buy houses as-is saving you repair and home staging costs.
Here are some drawbacks of ASAP Cash Home Buyers that we came across in our research:
- Inconsistent Quality of Service: When you sell to a cash buyer franchise, you sell your house to a local real estate investor. The service quality will differ based on the independent investor you are dealing with.
- No Commercial Properties: ASAP Cash Home Buyers are not interested in properties like timeshares, hotels, or rental communities.
- Limited Customer Reviews: You cannot be sure about their service with only a handful of reviews on Google and nothing on other platforms.
ASAP Cash Home Buyers have a rating of 3.7 out of 5-stars with 10+ reviews on Google.
» ASAP Cash Home Buyer Review: Read our in-depth review.
ASAP Cash Home Buyers was founded in Fort Lauderdale, FL. With over a decade of experience, they provide all legal and financial support such as consultations on how to fix current bad debts, encumbrances on your property, etc.
They have nationwide coverage with different investors or buyers in every state. This may make your selling process different at each place.
Top “We Buy Houses in Maryland” Companies Near You
| 1. Baltimore, MD | Cash Home Buyers in Baltimore, MD |
Are Companies That Buy Houses for Cash Legit in Maryland?
Yes, companies that buy houses for cash in Maryland are legitimate and operate legally nationwide. Local companies are generally a group of wealthy investors, while banks back national cash buyers.
“We Buy Houses for Cash” companies purchase properties to renovate and sell them for a profit. This process is often referred to as “flipping houses in Maryland“. They will make an offer if your property can be bought and sold for a profit.
Types of Companies That Buy Homes in Maryland
Companies that buy homes for cash in Maryland help you skip the hassle of marketing, home staging, etc. There are 4 types of cash home buyers:
- We Buy Houses for Cash Companies: The best home-buying companies specialize in purchasing distressed properties. They typically offer prices ranging from 30% to 70% of the fair market value (FMV) and aim to renovate the homes for resale.
- iBuyers: They provide instant cash offers based on Comparative Market Analysis (CMA). While convenient, these offers often come in at 70% to 80% of the FMV.
- Buy-and-Hold Investors: Unlike flippers, these buyers acquire properties to hold them as rental investments. Their offers may be more competitive compared to flippers or iBuyers. They may not be ready to buy your home as is.
- Home Trade-In Services: These cash homebuyers give you cash before you move out to enable a smooth transition. These types of buyers are not easily found.
Companies that buy houses in Maryland wait for potential gold (such as your home) to hit the market. When you sell your home for cash, an ‘as is’ property with minimal repairs nets MD cash home buyers big profits.
How to Sell Your Home for Cash in Maryland?
Selling your home for cash can be a quick and convenient way to get the money you need. However, it’s essential to approach the cash-for-homes process with caution. Here’s a breakdown of the steps involved:
1. Evaluate Your Options:
Determine your timeline and your home’s condition. How quickly do you need to sell, and what repairs, if any, are necessary? This will help you set realistic expectations and a price based on comparable sales. You can also use a home worth calculator.
2. Find Potential Buyers:
Research all companies buying houses for cash in Maryland. Explore cash home buyers, including iBuyers, or consider selling your home independently through a Maryland flat fee MLS listing.
3. Get Multiple Offers:
Get a cash offer from multiple companies that pay cash for houses and compare them carefully. Consider factors like price, closing timeline, and any additional fees. Negotiate the terms to maximize your return and fulfill your objectives.
4. Due Diligence:
Thoroughly research any potential buyer and read their reviews. Avoid companies without a proven track record. Carefully review all contract terms before you sign, and consult a Maryland real estate attorney.
5. Close the Deal:
Once the offer meets your requirements, finalize the deal. Gather all the necessary paperwork for selling a house without a Realtor. Attend the closing meeting to complete the sale.
How Much Do “We Buy Houses for Cash in Maryland” Companies Pay?
Cash buyers for homes offer substantially lower prices, equivalent to 30% to 70% of the home’s After-Repair Value (ARV). The more repairs your home requires when selling a house for cash, the lower the price it would fetch.
After-Repair Value (ARV) = Property Purchase Price (PPP) + Cost of Repairs (COR)
So, if your home’s purchase cost is $400,000 and you spent $66,000 to fix it, the after-repair value will be $466,000.
| # | Cost Breakdown | Cost ($) |
| PPP | Property Purchase Price | $400,000 |
| COR | Cost of Repairs | $66,000 |
| – Roof Repairs | $50,000 | |
| – Sewage Replacement | $15,000 | |
| – Lawn Mowing Costs | $1,000 | |
| ARV | After-Repair Value | $466,000 |
Maryland cash home buyers offer only 70% of the ARV, so you can expect an offer of about $326,200.
Pros and Cons of Companies That Buy Houses for Cash in Maryland
Here are some pros and cons you should consider before selling your house fast for cash:
✅ Pros of Maryland Home Buyers
- Fast Cash Sale: In the traditional model, you must list on the MLS and wait for potential buyers. However, with “We Buy Houses for Cash” companies, you can get a cash offer within 24-48 hours if you submit your details on their website.
- Flexible Closing: Cash home buyers in Maryland move faster than traditional buyers. Home sellers can close on their timeline and need not wait for listing paperwork.
- No Service Fees: A Maryland cash house buyer doesn’t charge any service fee. The net profit after they fix and sell your home is enough to sustain the fix-and-flip model.
❌ Cons of Maryland Home Buyers
- Lowball Cash Offers: Cash companies that buy homes in Maryland pay 30% to 70% of the home’s fair market value. They deduct all repair, utility, and re-selling expenses of your home.
- Non-Negotiable Deals: When dealing with “cash home buyer” companies, the offer is usually take-it-or-leave-it. You can try to negotiate if the company overlooked something important, but most cash buyers will not budge.
- Some Cash Buyers Will Make You Pay Closing Costs: Homeowners are forced to pay the seller’s closing costs, which are not disclosed on the cash buyer’s website. You should always read the terms and conditions document carefully.
Alternatives to Companies That Buy Houses for Cash in Maryland
- List Your Home With a Flat Fee MLS Service: You can get up to 100% cash for your home on the open market. Your property gets maximum visibility to cash buyers and investors on the Maryland MLS.
- Hire a Top Realtor: Maryland Realtors can help you sell your property within a set timeline. However, the best Realtors will charge a 6% commission. That amounts to thousands of dollars!
- Sell “For Sale By Owner”: Selling your home purely For Sale By Owner implies no access to the MLS. But, only high-tech For Sale By Owner websites in Maryland like Houzeo can help you sell your home for cash on the MLS!
» How to Sell a House By Owner in Maryland: Get to know how to make a profit when selling your home yourself.
Cash Home Buyers vs. MLS vs. Realtors
| Feature | Cash Buyer | Flat Fee MLS | Realtor |
|---|---|---|---|
| Price | Often 20% to 50% lower | Close to FMV | Close to FMV |
| Speed | Within 30-50 days | Varies | Varies |
| Fees | No commission, potential closing costs | Flat fee, closing costs | Commission, closing costs |
| Condition | Typically as-is | Can be sold as-is | May need repairs |
| Control | Minimal control | Some control | Less control |
Should You Sell to Companies Buying Houses in Maryland?
Yes, but only if you want to sell your home at the earliest or are okay with leaving money on the table. Don’t settle for an offer from the first company that buys houses for cash. Take a look at all the available offers from Maryland home buyers.
To get these offers, list your home on Maryland’s #1 cash buyer marketplace, Houzeo. Your listing will be active in less than 24 hours. Moreover, multiple cash buyers will ultimately drive up your final home price.
» Houzeo Reviews: See how Houzeo home sellers sell with Houzeo technology and MLS exposure.
Frequently Asked Questions About Maryland Home Buyers
Which is the best company that buys houses for cash in Maryland?
Houzeo is the most popular cash marketplace for selling homes for cash in Maryland. iBuyers like Opendoor and other cash buyers have extended offers on homes listed on Houzeo. You could receive multiple cash offers, increasing your home sale price.
How can you sell to companies that buy houses for cash?
No! If you want top dollar for your property, you need to sell your house by owner. If you want sell a distressed house and fast, then it is a good idea to sell your home on a cash buyer marketplace.
How can I sell my house fast for cash in Maryland?
Opt for a cash buyer marketplace to sell your home fast. “We Buy Houses for Cash” companies in Maryland are best for distressed homes. They will offer 30% to 70% of your home's FMV. An iBuyer has strict purchase criteria and may not offer more than 70%.
How fast can I sell my Maryland house?
You can sell your house in 7 to 30 days when selling your house for cash in Maryland. Also, if you're looking for a new home before you sell your existing one, take a look at MD homes for sale near you.
Is it a good idea to sell my house to cash home buyers?
No! If you want top dollar for your property, you need to sell your house by owner. If you want sell a distressed house and fast, then it is a good idea to sell your home on a cash buyer marketplace.
What to look for when choosing cash home buyers?
Look for legitimate cash home buyers that have been in business for a couple of years. They should have positive customer reviews on platforms like Google and Yelp.
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