7 Best Companies That Buy Houses for Cash in Panama City, FL (2023 Updates)

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.

• Service Fee – $349: Houzeo does not charge a 5% service fee or any undisclosed closing fee.
• 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 Reviews: Learn why Houzeo is America’s Real Estate Super App

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.

Opendoor is the country’s biggest iBuyer. They offer fast cash for homes with flexible closing timelines.

• Service Fee: 5% of Home Sale Price.
• Typical Offer: 70% to 80% of your property’s fair market value (FMV)
• 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 out. The final offer terms may change after the home inspection.

» Opendoor Reviews: Why Opendoor will Pay Much Less than Fair Market Value in 2023?

• Wide Coverage: Opendoor pays cash for houses in 51 markets– Boston, Albuquerque, Cincinnati, Indianapolis, Birmingham, Miami, San Francisco, San Jose, etc.
• Flexible Closing Dates: Opendoor gives you the ability to close at your convenience up to 45 days out.
• Late Checkout Upto 14 Days: Opendoor allows sellers to close on their homes, receive sale proceeds, and temporarily rent their homes.
• No Cancellation Fees: You can cancel the contract without any cancellation fee.
• No Upfront Costs: When you sell to Opendoor, you skip the traditional home selling process. No need to fix, repair or stage the property!

» Opendoor complaints: Click here to learn about the pros and cons of them.

In our research, we came across some deal breakers with Opendoor.

• 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 revises the final cash offer based on the inspection report. The service fees can go from 5% to 14%. This is significantly higher compared to the 6% realtor commission.
• 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 Complaints: Check out the common complaints of Opendoor.

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

» Opendoor.com Review: Does Opendoor pay the market value of your property?

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 the local franchise before requesting cash for your home.

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

• 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.

In our research, we came across some dealbreakers with We Buy Houses.

• 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 Reviews: Learn how WeBuyHouses.com works.

We Buy Houses has zero customer reviews on popular review sites like Google or Trustpilot.

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

House Heroes is a local cash buyer in Florida known for making fair cash offers on houses. Past sellers appreciate Lucas’s attention to detail and responsiveness in selling their homes quickly.

• Service Fee: None
• Typical Offer: 50% to 70% of Fair Market Value (FMV)
• Eligible Properties: All types of distressed properties like homes with foundation issues, properties with bad mortgages or homes facing foreclosure, inherited properties, damaged houses, etc.
• Closing Offer Terms: House Heroes closes on properties within 7 days typically. They offer flexible closing timelines.

👉 Our Take: House Heroes is a great choice for sellers who don’t mind leaving some cash on the table to sell their Florida home AS-IS.

• Free Cash Offer Florida: House Heroes makes free cash offers within 2 days. Some homeowners claimed they got an initial offer within hours.
• Flexible Closing: You can sell properties within 7 to 45 days after you accept House Heroes’ cash offer.
• Local Coverage: House Heroes purchases homes for cash in 11 counties across Florida. They also buy properties in New Jersey, California, and Massachusetts.
• Zero Upfront Expenses: When selling to House Heroes, you don’t need to invest in home improvements or renovations. You can request a cash offer for the property in its existing condition.

We came across the following red flags associated with House Heroes, Florida:

• Non-Negotiable Cash Offers: House Heroes may not offer more than 70% of your property’s fair market value. Even if your property is pristine, they will not increase the cash offer.
• Lowball Cash Offers: This “We Buy Homes Florida” cash buyer may put in lowball cash offers of around 50% to 70% of the fair market value. If your property only needs cosmetic repairs, we recommend you list on MLS by owner and sell for top dollar!
• HouseHeroes.com is Not 100% Online: Househeroes.com has a limited tech stack. This means a lot of processes, like requesting a counteroffer or updating the cash offer terms, will be offline and manual. Houses Heroes does not offer a mobile app.

House Heroes has 4.9 stars out of 5 on Google, with 53 reviews.

Florida Cash Home Buyers buy FL properties as-is, so you don’t have to worry about repairing your bad roof or faulty wiring.

Omer Reiner and Gabriel Garcia founded Florida Cash Home Buyers and have been helping Florida home sellers get rid of unwanted properties since 2011.

• Service Fee: None
• Typical Offer: 50% to 70% of Fair Market Value (FMV)
• Types of Properties Purchased: All types of distressed properties with structural issues, bad mortgage financing, inherited houses, homes facing foreclosure, problematic tenants, etc.
• Closing Offer Terms: Florida Cash Home Buyers offers flexible closing.

👉 Our Take: Florida Cash Home Buyers is a great local “We Buy Houses Florida” company to sell your distressed property fast.

• Fast Cash Offers: Florida Cash Home Buyers makes free, no-obligation cash offers within two days. Past sellers have also received an offer within hours of submitting the property details.
• Flexible Closing: You can get rid of unwanted properties within 7 to 30 days after you accept Florida Cash Home Buyers Com’s cash offer.
• Statewide Coverage: Florida Cash Home Buyers covers all areas of Florida- Miami, Fort Lauderdale, Palm Beach, Orlando, Jacksonville, and Tampa.
• Late Checkout Up To 3 Weeks: You can continue occupying the house for up to 3 weeks free of cost. Post three weeks; you will be charged the prevalent market rent.
• Zero Upfront Expenses: When selling to Florida Cash Home Buyers Com, you don’t need to prep the home or worry about repairs.
• You Can Sell Inherited Properties: FloridaCashHomeBuyers.com work with a dedicated probate attorney and pays the probate fees when they buy your inherited house.

» Selling Inherited Property in Florida: Check out our guide to sell your family home for cash

We came across the following red flags associated with Florida Cash Home Buyers:

• Non-Negotiable Cash Offers: Florida Cash Home Buyers 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.
• Lowball Cash Offers: This Florida house cash buyer may put in lowball cash offers of around 50% to 70% of the fair market value. This is lower than what you can get on the open market.
• FloridaCashHomeBuyers.com is Not 100% Online: Florida Cash Home Buyers has a limited tech stack. This means a lot of processes, like requesting a counteroffer or updating the terms/conditions of the cash offer, will be offline and manual. Florida Cash Home Buyers does not offer a mobile app.

Florida Cash Home Buyers has 4.7 stars out of 5 on Google.

ASAP Cash Home Buyers started their journey in 2013. They are a reputable cash buyer who even 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.

• 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 and so you can cut down on repair costs 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 3 reviews on Google.