8 min read Mar 13, 2024

5 Best Companies That Buy Houses For Cash in Minnesota in 2024

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Edited By

Jason Joshi

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Editor
Edited By

Jason Joshi

Editor, Houzeo
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Jason is a passionate content editor working at Houzeo. He has an eye for detail and keeps himself updated with the recent trends in the real estate market. He also likes to travel and explore places.

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2024 continues to be a bumpy ride with increasing home prices and declining home sales. But out of the 3,200 homes that sold last month, most of the transactions were all-cash. Cash is still king in Minnesota’s housing market.

Getting a cash offer in the North Star State is easy, but getting top dollar is not. If you get a cash offer from a single cash home buyer, they will lowball you. That’s why you need to get cash offers from multiple local and national cash buyers. But how do you do that?

Answer: List on a Cash Marketplace! When you list on a cash buyer marketplace like Houzeo.com, your listing is syndicated to hundreds of real estate websites. So, you market your property to local and national cash home buyers looking for homes for sale in Minnesota.

Companies that buy houses for cash in Minnesota offer instant cash for homes. But, it may not always be the best cash offer for your home.

Some cash companies may get you 100% of your property’s fair market value, while others may offer as low as 50%. We’ve reviewed and ranked the 7 best cash home buyers in Minnesota.

Reviews: 5 Best Companies That Buy Houses for Cash in Minnesota

Here are the 5 best cash buyers in Minnesota. Some of them may get you up to 100% of your property’s fair market value, while others may offer you as low as 30%. Here are the rankings of “We Buy Houses Cash Minnesota” companies:

1. Houzeo.com: Minnesota’s #1 Cash Home Buyer Marketplace

Max Exposure to Cash Buyers

Houzeo
Houzeo Logo
  • Service Fee: $399 Listing Fee
  • Available in 80+ U.S. Markets
  • 5 Stars 4.9/5 (7,800+ 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 win 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: 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:

  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.

With a typical cash house buyer, you only get an offer from that specific investor. On a cash buyer marketplace like Houzeo, you could receive multiple cash offers on your house. This increased number of cash offers can help you get up to 100% of your home’s value.

2. Minnesota Home Guys

STATEWIDE INVESTOR NETWORK

Minnesota Home Guys
Logo - Minnesota Home Guys
  • Service Fee: None
  • 4.75 Stars 4.8/5 (Out of 107 reviews)

Minnesota Home Guys is a full-service statewide investor network. The company helps homeowners get rid of a property – whether it’s facing foreclosure, death in the family, or even a couple going through a divorce.

  • Service Fee: None
  • Typical Offer: 30% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Minnesota Home Guys offers cash for houses only for properties that pass their specific eligibility criteria.
  • Closing Offer Terms: Minnesota Home Guys provides a flexible closing date. They can close in as little as 7 days or even up to 21 days out.

👉 Our Take: Minnesota Home Guys will help unload a property you don’t want anymore. However, an MLS listing service can increase the chances of competitive cash offers, unlike Minnesota Home Guys’ private network.

» What Is Minnesota Home Guys: Read this to know more about the company.

  • Instant Cash Offers: With Minnesota Home Guys, you can get a free, no-obligation offer for damaged properties.
  • Multiple Offers: You can get multiple offers from their statewide vetted network of real estate investors.
  • No Additional Fees: You need not pay closing costs. There are no undisclosed fees or hidden costs.
  • No Repairs: You need not stage your home for listing or worry about making repairs.

In our research, we came across some major drawbacks of Minnesota Home Guys:

  • Lowball Cash Offers: You might get lowball cash offers between 30%- 70% of the property’s fair market value.
  • Unreliable Customer Service: Since they have a state-wide network of real estate investors you cannot predict the behavior of your investor.

Minnesota Home Guys have a 4.8 out of 5 stars with 132 reviews on Google Reviews.

» Minnesota Home Guys Reviews: Read our in-depth review on Minnesota Home Guys.

This company is a Minnesota-based network of real estate investors with a combined 40+ years of experience.

Since you’re working with investors, you may get multiple cash offers. However, the customer service you receive will solely depend on your investor’s expertise.

3. We Buy Houses

QUICK AND EASY SALES

We Buy Houses
Logo - We Buy Houses
  • Service Fee: None
  • Closing in 3 weeks
  • 2.6 Stars  2.33/5 ( 5+ reviews)

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 their 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.

  • 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 2.33 stars out of 5 on Better Business Bureau from 5+ customer reviews.

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

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.

4. We Buy Ugly Houses

NATIONWIDE COVERAGE

We Buy Ugly Houses
We Buy Ugly Houses
  • Service Fee: None
  • Closing in 3 weeks
  • 2.5 Stars 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, you may not receive higher offers. You may receive cash offers starting from 50% of its FMV.

5. HomeVestors

NATIONAL CASH BUYER

HomeVestors
Logo - HomeVestors
  • Service Fee: None
  • Closing in 3 weeks
  • 4.5stars 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 independently owned and operated by a local real estate investor. HomeVestors’ investors typically offer 50% to 70% of the fair market value. They may also deduct the cost of repairs at closing.

Top “We Buy Houses in Minnesota” Companies Near You

1. Minneapolis, MNWe Buy Houses for Cash in Minneapolis, MN

Are Companies That Buy Houses for Cash in Minnesota Legit?

Yes, companies that buy houses for cash in Minnesota are legitimate and operate legally nationwide. Cash house buyers will offer cash for your house to fix and flip for a profit. These are companies that buy homes as is.

🚨 Cash for Houses Scams: Remember to inspect how the cash company operates before you sign any real estate contract. A legitimate home buyer will never ask you to pay upfront costs!

Types of Cash Companies That Buy Homes in Minnesota

Companies that buy homes for cash in Minnesota help you skip the hassle of marketing, home staging, etc. There are 4 types of cash home buyers:

  • “We Buy Houses for Cash” Companies: These “fix-and-flip” house buyers buy distressed properties, make repairs, and sell them on the open market. Minnesota cash home buyers pay 30% to 70% of the FMV and don’t have any service fees.
  • iBuyers: Such home-buying companies use proprietary algorithms to determine a cash offer for your house. In 2024, iBuyer’s cash offer for homes will range from ~70% to 80% of the fair market value.
  • Buy-and-Hold Cash Buyers: A buy-and-hold cash buyer in Minnesota will convert a distressed house into a rental property. They do not sell the upgraded property for a one-time profit and will enjoy a steady source of income.
  • Home Trade-In Services: They are house-flipping companies that will offer cash on your house to help you buy another property. They fund your next house while you sell your house for cash.

Companies that buy houses in Minnesota wait for potential gold (such as your home) to hit the market. An ‘as is’ property with minimal repairs makes these companies buying a house for cash a big profit.

How to Sell to Companies That Buy Houses for Cash?

Here’s how you can sell your house for cash to get an offer from a Minnesota cash house buyer:

  1. Share Your Property Details: Minnesota cash buyers will collect basic information like the location and condition of your property. You can submit your property details on their website.
  2. Review the Preliminary Cash Offer: They will make an initial cash offer on your house after comparing similar properties in the area. Typically, they buy your house for 30% to 70% of your home’s fair market value.
  3. Complete the Home Inspection: The cash buyers for houses will perform an inspection if you accept the initial offer. After adjusting repair expenses and holding costs, they will send a final offer.
  4. Accept the Final Cash Offer and Close: If the company’s final cash offer for your house matches your expectations, then you can finalize the closing timeline.

» Sell My Minnesota House Fast: Check out 5 ways to sell your Minnesota house fast in 2023.

How Much Do Minnesota “We Buy Houses for Cash” 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.

For example, If your home’s value is $400,000 and you need a $50,000 roof replacement, the ARV will be $350,000. Since Minnesota cash home buyers offer only 70% of the ARV, you will get an offer of about $245,000.

“We Buy Houses for Cash” Minnesota: Pros and Cons

Are you considering selling your house fast for cash? Here are some pros and cons associated with cash buyers that you must account for:

✅ Pros

  • 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 get a cash offer within 24-48 hours of submitting your details on their website.
  • Flexible Closing: Cash home buyers in Minnesota move faster than traditional buyers. Home sellers can close on their timeline and need not wait for listing paperwork.
  • No Service Fees: A Minnesota cash home buyer doesn’t charge any service fee. The net profit after fixing and selling your home is enough for them to sustain their fix-and-flip model.

❌ Cons

  • Lowball Cash Offers: Cash companies that buy homes in Minnesota generally 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 deal is usually take-it-or-leave-it. You can try to negotiate if the company overlooked something important, but most cash companies will not budge on price.
  • Some Cash Buyers Will Make You Pay Closing Costs: Homeowners are forced to pay the seller’s closing costs, which are not disclosed on the cash buyer’s website. You should always read the terms and conditions document carefully.

» How Much Are Closing Costs for Seller in Minnesota: Find home sale proceeds from selling your house in Minnesota.

Alternatives to Companies That Buy Houses for Cash in Minnesota

  • List Your Home With a Flat Fee MLS Service: You can get up to 100% of the cash for your home on the open market. High-tech For Sale By Owner websites in Minnesota like Houzeo can help you sell your home for cash!
  • Hire a Top Realtor: Minnesota 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 the Owner implies no access to the MLS. You market your property, conduct market research, manage offers and showings, etc., all by yourself.

Should You Sell to Companies That Buy Houses for Cash in Minnesota?

Yes, but don’t settle for an offer from just a single cash home buyer.

Instead, list your home on Minnesota’s #1 cash buyer marketplace – Houzeo. Your listing will be active in less than 24 hours. Moreover, you could receive cash offers from multiple cash buyers, ultimately driving up your final home price.

Check out how Houzeo works in this video:

What is Houzeo?

An overview of what the platform is all about

Start Your MLS Listing NOW!

» Houzeo Reviews: See how Houzeo home sellers save thousands with Houzeo technology and MLS exposure.

Frequently Asked Questions About Minnesota Cash Buyers

Which is the best company that buys houses for cash in Minnesota?

Houzeo is the most popular cash marketplace for selling homes for cash in Minnesota. iBuyers like Opendoor and multiple 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?

You can sell directly to Minnesota cash buyers or list on the Minnesota MLS and receive multiple cash offers. When you sell to a cash buyer, you actively search for the best option. With an MLS listing, the best offer to comes to you.

How can I sell my house fast for cash in Minnesota?

Opt for a cash buyer marketplace. “We Buy Houses for Cash” companies in Minnesota are best for distressed homes. They will offer 30% to 70% of the FMV. An iBuyer has strict purchase criteria and may not offer more than 70% to 80% of FMV.

How fast can I sell my Minnesota house?

You can sell your house in 7 to 30 days when selling to cash buyers in Minnesota. Also, if you're looking for a new home before you sell your existing one, take a look at homes for sale near you.

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