9 min read Oct 01, 2024

7 Best Companies That Buy Houses for Cash in New Jersey in 2024

Editor
Edited By

Megha Mulchandani

icon
Editor
Edited By

Megha Mulchandani

Editor, Houzeo
About

Megha M. is an adept content editor well-versed in the intricacies of American market dynamics and economic trends. In her free time, she excels as a versatile theatre artist and public speaker.

Find Megha Here

Over 30% of all homes were bought with cash in Q2 2024. New Brunswick topped this list with 36.8% of cash sales, followed by Newark at 31.6%. This shows that cash is still king in the Garden State.

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 New Jersey

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

Max Exposure to Cash Buyers

Houzeo
Houzeo Logo
  • Listing Fee: $399
  • Available in 80+ U.S. Markets
  • 5 Stars 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, 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 Florida’s best cash buyer marketplaces.

Houzeo is America’s #1 cash buyer marketplace because of 5 reasons:

  1. Max Exposure: Houzeo’s packages give you access to the MLS and 100s of websites like Zillow, Realtor.com, Redfin, etc.
  2. 5-Star Customer Service: Houzeo’s customer service desk is 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.
  4. 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.
  5. 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.

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. Opendoor

BIGGEST IBUYER

Opendoor
Opendoor Logo
  • Service Fee: 5%
  • 📍 Coverage: 45 markets
  • Opendoor has 4.4 stars out of 5 4.4/5 (3,330+ reviews)

Opendoor is the country’s biggest iBuyer. They offer cash for your home within 24 to 48 hours of submitting your details on their website. Opendoor is also flexible with closing timelines and move-out dates.

  • Service Fee: 5% of the home sale price.
  • Typical Offer: 70% to 80% of your property’s fair market value.
  • Eligible Properties: Opendoor will make cash offers only on owner-occupied properties built post-1930 with a maximum lot size of 1.5 to 2 acres. Prefabricated homes, inherited properties, or homes with tenants do not qualify for Opendoor’s cash offer.
  • Closing Offer Terms: Opendoor lets you close at your pace, up to 45 days after their offer. The final offer may change after the home inspection.

👉 Our Take: Opendoor will likely make a cash offer on your home quickly. But you will end up leaving almost 20% to 30% of your home equity on the table.

  • Broad Coverage: Opendoor makes cash offers for houses in 51 markets across the country.
  • Flexible Closing Dates: Opendoor allows you to close at your convenience – up to 45 days after their offer.
  • Late Checkout up to 14 Days: Opendoor lets you temporarily stay in your home for up to 2 weeks after closing.
  • No Cancelation Fees: You can cancel the contract without any cancelation fee.
  • Lowball Cash Offer: Opendoor’s final cash offer may be below the property’s fair market value, around 70%. They also deduct repair and closing costs.
  • Hefty Service Fees: Opendoor charges a steep 5% service fee for their services.
  • Opendoor May Back Out of the Deal: Some homeowners have had a bad experience with Opendoor. Opendoor backed out of the cash deal at the last minute, leaving the homeowner stranded.
  • Undisclosed Repair Cost Breakdown: The difference between Opendoor’s preliminary offer vs. final offer can be humongous. In many cases, sellers were forced to pay for unnecessary “repairs”.
  • Strict Eligibility Criteria: Opendoor doesn’t pay cash for inherited properties, homes with tenants, pre-fabricated or mobile homes, and properties located in a flood zone.

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

» Opendoor Reviews: Read customer reviews and our breakdown of Opendoor’s cash offer to make an informed decision.

Opendoor provides a straightforward and convenient solution for obtaining cash for your home. You can sell your home as is and close on the sale in just 2 weeks. You can expect to get around ~80% of your property’s fair market value.

However, Opendoor experienced setbacks due to the pandemic and endured financial losses. Consequently, their offer now could be much lower than your property’s FMV. Their service fee is also a steep 5% of your home’s sale price.

3. Halo Homebuyers

LOCAL CASH BUYER

Halo Homebuyers
Halo Homebuyers Logo
  • Service Fee: None
  • 5 Stars5/5 (70+ reviews)

Halo Homebuyers is a New Jersey-based real estate solutions cash company founded in 2011. They make cash offers on houses based on style, location, size, condition, and exit strategy of the house.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Halo Homebuyers offer cash on houses in any condition or situation including divorce, relocation, an unwanted inherited home, and so on.
  • Closing Offer Terms: Halo Homebuyers has a closing timeline ranging from 7 to 30 days.

👉 Our Take: Halo Homebuyers is for sellers who want flexible closing time. However, the offer you receive is not reliable and might change after a home inspection.

  • Fast Cash Offer: You will get an offer within 24 hours!
  • Flexible Closing: You can close in as little as three weeks or at any date of your convenience.
  • Sell As-Is: Halo Homebuyers buy houses as-is so you don’t need to worry about making repairs.
  • Limited Coverage: Halo Homebuyers offers cash for houses only in selected areas in New Jersey, and also in Philadelphia and Bucks County in Pennsylvania.
  • Offer May Change: The offer depends on the style and location of the house, size of the lot, renovations needed, exit strategy, etc. The initial offer might change after a home inspection.
  • Lowball Cash Offer: Halo Homebuyers investors pay less than what sellers can get on the open market. The cash offer is around 50% to 70% of the property’s fair market value.

Halo Homebuyers has 5 out of 5 stars from 70+ reviews on Google Reviews.

» Halo Home Buyers Reviews: Read our in-depth review

Halo Homebuyers is a New Jersey based cash home buyer company founded by Jonathan Faccone.

If your property is residential then whatever the condition of the property maybe, you will get an offer from Halo Homebuyers. Though the cash offer will likely be only 50% to 70% of the home’s market value.

4. We Buy Ugly Houses

NATIONWIDE COVERAGE

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

We Buy Ugly Houses is a well-known cash home-buying company that helps homeowners sell their houses fast. It offers a fast, hassle-free sale without the need for repairs or renovations.

  • Sell at $0 Commission: You can sell your home with a few photos and a basic property description without paying any agent commission.
  • No Closing Costs: You don’t have to pay any closing costs as the company pays them.
  • Typical Offer: 50% to 70% of your property’s fair market value.

👉 Our Take: We recommend We Buy Ugly Houses for a quick and hassle-free sale. You can negotiate the price for your home and close the deal without closing fees.

  • Sell Your Home As Is: You can save thousands in repair costs by selling your distressed home as is.
  • Cash Offer in Any Condition: You can get a cash offer, no matter what shape your home is in.
  • Quick Closing Timeline: Once you accept the offer, you can sell your house within 2 weeks.
  • Low Ball Offers: Cash offers are typically 50% to 70% of your home’s fair market value, depending on its condition and location of the house.
  • Limited Negotiation: You might have less room to negotiate the final offer.
  • Not Ideal for High-Value Homes: This option may not be best for homes in high-demand areas where you could get more by listing on the MLS.

We Buy Ugly Houses is rated 2.6 out of 5 stars on Yelp

» We Buy Ugly Houses Reviews: Read this in-depth review to learn more about them.

 

We Buy Ugly Houses, a trademark of “HomeVestors”, operates on a franchisee model. Local investors or those flipping houses in the U.S. are the owners of these franchises. They buy New Jersey houses for cash as-is.

Each WeBuyUglyHouses franchisee has its own rules, so the cash offer terms and service quality may not be consistent.

» Selling a Home As Is in New JerseyCheck out our guide for selling your New Jersey house as-is.

5. We Buy Houses

QUICK AND EASY SALES

We Buy Houses
Logo - We Buy Houses
  • Service Fee: None
  • Closing in 3 weeks
  •   1/5 ( 4 reviews)

We 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 private, pre-vetted network of real estate investors. We Buy Houses’ investors will buy properties as-is for cash.

If your property is inhabitable and only needs some cosmetic repairs, you should consider making repairs. Nationwide investors scour the MLS for fix-and-flip homes, so you might get a competitive cash offer.

» Flat Fee MLS New Jersey Listing Services: Find the best local NJ flat fee service to list your home on the MLS.

6. 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: 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. 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.

» Seller’s Closing Costs Calculator: Get an estimate of closing costs with Houzeo’s home sale proceeds calculator.

7. Express Homebuyers

As-Is Cash Home Buyer Network

Express Homebuyers
express homebuyers logo
  • Service Fee: None
  • Express Homebuyers has 4.2 stars out of 5  4.4/5 (135+ reviews)

Express Homebuyers specializes in making all-cash offers on houses. It deals with a home seller who wants to sell their house fast without making any repairs.

  • Service Fee: Express Homebuyers do not charge any upfront fees.
  • Typical Offer: They make a cash offer for your home that ranges from 50% to 70% of its fair market value (FMV).
  • Eligible Properties: Express Homebuyers deal in inherited houses, home sales after divorce, foreclosure properties, selling rental properties, foreclosure, etc.
  • Closing Offer Terms: They can help you sell your home sale within a few days.

👉 Our Take: Express Homebuyers can be a great option to sell an extremely distressed property. However, if your house needs minimal repairs 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 the market research and house conditions.
  • Sell As-Is: You save on repair costs, and sell your house as-is.

» What is Express HomebuyersRead 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-star with 135+ reviews on Google Reviews.

» Express Homebuyers ReviewsIs there really no service fee?

Express Home Buyers is a cash-buying company with nearly 2 decades of experience. Their expertise can get you the best deal while selling your house as is.

However, they have poor customer support which can delay your sale.

Are Companies That Buy Houses for Cash in New Jersey 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.

🚨 Beware of Cash Home Buying Scams: Some “cash for houses” companies in New Jersey may extend lowball offers or engage in deceptive practices. Remember, legitimate cash home buyers will never ask for your property’s title deed when you request a cash offer.

3 Types of Companies That Buy Homes in New Jersey

  • 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 Express Homebuyers.
  • 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 New Jersey

If you’re wondering how to sell your home for cash in New Jersey, here’s what you need to do:

  1. 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.
  2. 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.
  3. Schedule a Home Visit: A representative from the company will come to inspect your house. They will then give you their final cash offer.
  4. 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 New Jersey” Companies Pay?

Cash buyers in New Jersey 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 $555,400 home in New Jersey. With a traditional cash home buyer, you could get just $388,780. But, with a cash buyer marketplace like Houzeoyou only pay $749 and get up to $554,651!

Service ProviderService FeePotential Offer (of the ARV)Actual Offer Amount
Cash BuyerNone70%$388,780
iBuyer5%80%$444,320
Houzeo$749*Up to 100%$554,651
* Houzeo’s Bronze Plan costs $399 and has a $350 closing fee.

📢 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.

Lara Shane Saved $24,000 With Houzeo, You Can Too!

Start Your Home Selling Journey

Save $$$ Like Lara

Pros and Cons of Companies That Buy Houses for Cash in New Jersey

✅ Pros

  • Fast Cash Sale: Typically, sellers must list on MLS in New Jersey and wait for potential buyers. “We Buy Houses for Cash” companies offer a cash deal within 24-48 hours.
  • Flexible Closing: Cash buyers in New Jersey 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: New Jersey’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 New Jersey 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 New Jersey

  • List Your Home With a Flat Fee MLS Service: You can get up to 100% of your home’s market value with a New Jersey 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 New Jersey Realtor, you will have to shell out a 5% to 6% commission. That’s $33,324 on a $555,400 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 New Jersey 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 New Jersey will help you list on the MLS and increase exposure.

Should You Sell to Companies Buying Houses in New Jersey?

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 New Jersey?

Houzeo is the best cash marketplace for selling homes for cash in New Jersey. 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 New Jersey 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 New Jersey house?

You can sell your house in 7 to 30 days when selling to cash buyers in New Jersey.

» How to Sell a House Fast in New Jersey: Learn how you can get your home sold in no time in the Garden State.

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.

Cross

Save $39

Only on Gold and Platinum plans

Use Coupon Code:

Copied
4.9 out of 5 Star Rated Houzeo Concierge

Need help? Call us on

(844) 448-0110