In Q2 2024, over 30% of US homes sold for cash. A cash sale means no repairs, no delays, and a quick 7-14 day closing. No wonder St. Louis homeowners ditch repairs and choose cash buyers for a hassle-free sale!
But here’s a downside! Cash buyers offer just 30% to 70% of your home’s Fair Market Value. The solution? List on cash buyer marketplaces! Your home will be visible to local and national cash buyers instantly.
Key Takeaways
- The best cash buyer companies in St. Louis are Clever Offers, Houzeo, Chris Buys Homes, HomeVestors, Opendoor, and Offerpad.
- Clever Offers is the top choice for getting quick cash in St. Louis. You can get offers from multiple buyers in just 7 days.
- Houzeo is the next best option, where multiple cash buyers can submit offers. This may drive up your home’s price.
- While Chris Buys Homes and HomeVestors offer speed, their offers are often lower and non-negotiable.
- iBuyers such as Opendoor provide convenience, but have strict eligibility criteria.
- To avoid cash buyer scams, verify buyer credentials and read company reviews before accepting any offer.
Reviews: 6 Top Cash Home Buyers in St. Louis
1. Clever Offers
QUICK CASH OFFERS
Listing Fee: None.Clever Offers, part of Clever Real Estate, connects you with multiple cash buyers to compare offers and find the best deal for your timeline. They have three programs:
- Cash Offers: You can sell your home as-is to vetted cash buyers. It’s a fast and convenient way to sell your home without repairs and staging.
- 7-Day Sold: This is a short MLS listing aimed at competing cash bids. It allows you to list your home for 7 days, improving your chances of securing the highest and best offer.
- Instant Cash Offer: You get most of your home’s value upfront, plus a bonus when the buyer resells. This program is perfect for sellers who want quick funds and a chance to benefit from future market gains.
Comparing cash offers is free. Depending on the option you choose, a partner service fee may apply.
Clever Offers have several advantages:
- Multiple Cash Offers: Get competing bids from vetted investors (often within 24–48 hours).
- Customized Assistance: Whether you want speed, certainty, or the best possible payout, Clever Offers gives you flexible options to match your goals.
- As-Is Sale: Skip repairs, showings, and cleanup; buyers on Clever Offers purchase the property in its current condition, which speeds up and simplifies the process.
- Concierge Support: A licensed team reviews your offers, walks you through next steps, and, if needed, provides a quick open-market opinion for comparison.
- Nationwide Coverage: Clever Offers operates across all 50 states in the US. However, specific offer types may vary by market.
- Flexible Options: Side-by-side options let you balance speed, certainty, and price — so you don’t have to settle for a one-size-fits-all solution.
Here are some drawbacks we found about Clever Offers:
- Offers Can Vary: Some cash home buyers follow the 70–80% of the after-repair value rule of thumb, which is less than what you’d likely get on the open market. Competition usually helps, but outcomes differ by market and condition.
- Market Availability: Specific programs (e.g., iBuyers, Instant Cash Offer) depend on local coverage.
Clever Offers is a part of Clever Real Estate, which boasts a 4.9 out of 5 star-rating from over 3,696 reviews on Trustpilot.
👉 Our Take: Clever Offers is a good choice if you need to sell quickly, want to avoid repairs or prefer an easy process. Their three different programs give you more flexibility to choose what works best for your situation.
2. Houzeo
MAX EXPOSURE TO CASH BUYERS
Listing Fee: $149Houzeo 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.
- Pricing: $149 + 1% at Closing
- MLS Listing: Your home gets full 6-month MLS exposure with unlimited high-quality photos showcasing its best features.
- Cash Buyer Network: Your listing is automatically visible to major cash buyers like Opendoor, HomeVesters, Offerpad, We Buy Houses, and dozens more.
- Unlimited Updates: Make as many listing changes as needed—adjust price, photos, or details without restrictions or extra fees.
- Closing Support: Get expert guidance from contract to closing with dedicated consulting to ensure a smooth transaction.
» Houzeo Reviews: Find out why Houzeo is one of America’s best “Sell my house for cash” option.
Houzeo is America’s #1 “Sell my house for cash” option because:
- Your Property will be on All Major Real Estate Websites: Houzeo’s packages give you access to the MLS. This showcases your property on 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 has cutting-edge tech. For you, this means easy listing, fast changes, online showings, and online offers on your phone, from your couch.
With Houzeo, there are no dealbreakers—it’s so simple, a 5-year-old could sell a house!
» 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.
👉 Our Take: We recommend Houzeo's Gold plan to maximize your cash offers. It delivers complete transparency with zero hidden fees. Plus, you can access Houzeo’s advanced features to negotiate the best terms for your cash offer.
3. Chris Buys Homes
LOCAL CASH BUYER
Service Fee: NoneChris Buys Homes in St. Louis is based in St. Louis, Missouri that buys houses for cash. The company offers cash for homes as-is, skipping repairs, and closing costs.
- Service Fee: None.
- Typical Offer: 50% to 70% of Fair Market Value (FMV).
- Eligible Properties: Chris Buys Homes in St. Louis offers cash for houses in any condition and situation. This includes selling inherited properties, homes needing repairs, properties with fire & water damage, etc.
- Closing Offer Terms: Chris Buys Homes in St. Louis offers flexible closing dates.
Here are some of the benefits that you get with Chris Buys Homes in St. Louis:
- Quick Offers: Chris Buys Homes in St. Louis claims to offer instant cash for your home.
- No Hidden Fees: There are no extra charges or closing costs.
- Sell As-Is: They buy houses as-is so you don’t need to worry about making repairs or renovations to your house.
» Pros and Cons of Chris Buys Homes: Learn more merits and demerits of Chris Buys Homes.
In our research, we found some drawbacks of Chris Buys Homes in St. Louis:
- Deceptive Cash Offers: Some reviews claim the company uses bait-and-switch tactics, with promised offers disappearing after initial contact. Moreover, prices drop significantly, despite previous assurances.
- Low Ball Offers: Cash offers are typically 50% to 70% of your home’s Fair Market Value, depending on the condition and location of the house.
- Limited Coverage: : This company only buys houses in St. Louis. If you’re located anywhere else, you won’t be able to sell.
Chris Buys Homes in St Louis has 4.9 out of 5 stars from 260+ reviews on Google Reviews.
4. HomeVestors
NATIONAL CASH BUYER
Service Fee: NoneHomeVestors is a nationwide network of real estate investors that operates independently. This company is the parent brand of We Buy Ugly Houses.
- Typical Offer: You may get 50% to 70% of the Fair Market Value (FMV).
- Eligible Properties: HomeVestors buys properties that require structural repairs or are move-in ready. This includes townhomes, condos, multi-tenant properties, mobile/manufactured homes, and more.
- Closing Offer Terms: HomeVestors offers a flexible closing date and can sometimes close in as little as 30 days.
- Service Fee: None.
Here are some of the benefits that you get with HomeVestors:
- Near Nationwide Coverage: They have 1,000 independently owned franchisee offices in 45 states.
- Fast Cash for Distressed Homes: HomeVestors make fast cash offers, regardless of your property’s condition. The initial offer is based on comparable properties in the area and housing market trends.
- Zero Service Fees: When you sell your property for cash, HomeVestors doesn’t charge any service fee.
- Free Exit: You get a 3-day option period after signing the contract to change your mind. You just have to send a written notice to cancel with no penalty.
In our research, we have found certain drawbacks of HomeVestors:
- Lowball Cash Offers: HomeVestors may offer below Fair Market Value, much lower than the open market price.
- Inconsistent Service Quality: With HomeVestors, your house is sold to a local investor. So, the service quality can differ based on the franchisee.
- Relentless Marketing: Once you show interest in their services, they keep bothering you with their pervasive marketing, including in-house visits.
HomeVestors has 1.44 out of 5 stars with 30+ reviews on Better Business Bureau.
HomeVestors Reviews: Read this review to get an idea of how the franchise-based model of the company works.
👉 Our Take: We do not recommend HomeVestors for cash home sellers. They may extend low-ball offers and leave no room for negotiation. They also operate independently, which can lead to varying service standards.
5. Opendoor
SEASONED IBUYER
Service Fee: 5%Opendoor is the biggest iBuyer in the U.S. 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.
- 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 or homes with tenants do not qualify for Opendoor’s cash offer.
- Closing Offer Terms: Opendoor claims to let you close at your pace, up to 45 days after their offer. However, be aware that your final offer may change.
- Service Fee: You will be charged 5% of the home sale price.
Here are some of the benefits that you get with Opendoor:
- Broad Coverage: Opendoor makes cash offers for houses in 51 markets across the country.
- Sell As-Is: Opendoor helps you avoid the hassle of making minor repairs and you can sell your house as-is.
- Late Checkout up to 14 Days: Opendoor lets you temporarily stay in your home for up to 2 weeks after closing.
- No Cancellation Fees: You can cancel the contract anytime without incurring any fine.
In our research, we have found certain drawbacks of Opendoor:
- Low-ball Cash Offer: You will get around 70% of your property’s Fair Market Value, before deductiong repair and closing costs.
- Hefty Service Fees: Opendoor will charge you a steep 5% service fee.
- Strict Eligibility Criteria: You can’t sell an inherited property, homes wiht tenants, pre-fabricated or mobile homes, and properties located in a flood zone.
Opendoor has a rating of 4.4 out of 5 stars from 3,405 reviews on Reviews.io.
» Opendoor Reviews: Read customer reviews and our breakdown of Opendoor’s cash offer to make an informed decision.
👉 Our Take: We recommend Opendoor if your home needs minimal repairs. But beware, as you may end up leaving almost 20% to 30% of your home equity on the table.
6. Offerpad
QUICK CLOSING
Service Fee: 5%Offerpad is an iBuyer that purchases homes directly with cash offers based on specific eligibility criteria. They offer cash based on their patented evaluation tool’s calculations.
- Typical Offer: It is 70% to 80% of the Fair Market Value of your property.
- Eligibility: Offerpad offers cash for houses built after 1960, with a maximum lot size of 1 acre, and a max valuation of up to one million dollar. Homes with foundational issues are not eligible.
- Closing Offer Terms: They make an initial offer within 24 hours of submitting your details. However, the final offer may change after they conduct a home inspection.
- Service Fee: 5% of the home sale price and 1% as closing costs.
Here are some of the benefits that you get with Offerpad:
- Broad Coverage: Offerpad buys houses for cash in 27 markets across the country.
- Lightning Fast Closing: With Offerpad’s cash-for-house offer, you can close your property in a fortnight.
- Save on Minor Repair Costs: When you sell your house for cash with Offerpad, you don’t incur upfront costs to fix, prepare, or stage your house.
- Stay Beyond Closing Day: You can extend your stay in your home even after the closing date.
In our research, we have found certain drawbacks of Offerpad:
- Low-ball Cash Offer: Offerpad gives two offers – initial and final. The gap can be large. One seller’s offer dropped from $189,000 to $149,000 after inspection.
- High Service Fees: Offerpad will charge you a steep 5% service fee.
- Offerpad Cancellation Fee – 1%: If you’re 4 days from closing and you decline Offerpad’s cash offer, they’ll charge 1% of the home sale price as a cancellation fee.
Offerpad has a 2.2 out of 5 star rating on TrustPilot.
👉 Our Take: We recommend Offerpad if you need to close fast. However, you might have to leave cash on the table for this convenience.
Are Companies That Buy Houses for Cash in Legit?
Yes, companies that buy houses for cash are legitimate and operate legally nationwide. In fact, the National Association of Realtors (NAR) validates cash buyers in St. Louis. However, be sure to read company reviews and seller testimonials to find a legitimate cash buyer.
3 Types of Companies That Buy Homes in St. Louis
- We Buy Houses for Cash Companies: Cash buyers like HomeVestors purchase distressed homes, typically paying 30% to 70% of their FMV.
- iBuyers: iBuyers, such as Offerpad, provide instant cash offers between 70% and 80% of the FMV. They have strict eligibility requirements, limiting the types of homes they purchase.
- Home Trade-in Services: Companies like Knock or Orchard offer cash for your home before you move out. This helps you buy your new housee without any delay.
4 Steps to Sell Your Home for Cash in St. Louis
Not sure how to sell your home for cash in St. Louis? Just follow these 4 steps:
- Find a Cash Home Buyer: Research all local companies buying houses for cash and opt for one with great client testimonials.
- Request an Offer: Once you’ve selected a cash buyer, request an offer on their website. You’ll have to provide information like the property type, number of rooms, asking price, etc.
- Schedule a Home Visit: A company representative will then inspect your house. The final cash offer will be based on the outcome of this inspection.
- 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 Cash Buyers in St. Louis Pay?
St. Louis cash house buyers usually offer between 30% to 70% of a home’s After-Repair Value. However, it depends on factors like the company you’re selling to, their service fees, etc.
Imagine if you were selling your $214,250 home in St. Louis. With a traditional cash home buyer, you could get just $149,975. However, with the best cash buyers in the city, you may potentially get top dollar for your home!
Pros and Cons of Cash Home Buyers in St. Louis
Given that more sellers are opting for cash buyers in St. Louis, here are some pros and cons you must consider before you sell with them:
✅ Pros
- Fast Cash Offers: “We Buy Houses for Cash” companies extend offers within 24-48 hours.
- Flexible Closing: Cash buyers in St. Louis close quickly and on your timeline. So you can sell your home anywhere between 7 days to 30 days.
- No Repair Costs: Most cash buyers purchase properties as-is. This eliminates the need for repairs, saving thousands of dollars.
❌ Cons
- Lowball Cash Offers: St. Louis cash house buyers typically pay only 30% to 70% of a home’s FMV. So you leave a significant amount of your home’s equity on the table.
- Non-Negotiable Deals: Such cash offers are usually take-it-or-leave-it. There’s little to no room for negotiation, which limits your ability to secure a better offer.
- Possible Closing Costs: Some cash buyers might force you to pay seller closing costs in Missouri. Always check the terms, or you could be out 6.25% to 9%!
Common “We Buy Houses for Cash” Scams 🚩
If any St. Louis cash home buyer extends an offer that seems to-good-to-be-true, it probably is. Stay alert, and don’t fall victim to the following scams.
- Bait-and-Switch Offers: Scammers present appealing offers and then change them later, hoping you’ll accept out of desperation. Always verify the terms before you sell your house for cash or accept an offer.
- Deed Fraud: Fraudsters can sell or mortgage your home without your consent using fake documents. Check customer testimonials and online reviews before you select a cash buyer.
- Loan-Flipping Scams: Some scammers may pressure you to sell your home fast for cash by offering loans that drain your equity. Always consult a trusted advisor before agreeing to any cash offer.
- Email Phishing: Scammers send fraudulent emails pretending to be agents, title companies, or lenders. They trick you into wiring money or providing personal details for fake services. Always confirm the authenticity of any cash offer for a home via a phone call.
» We Buy Houses Ripoff: Learn how to avoid falling victim to the scam.
Alternatives to Companies That Buy Houses for Cash in St. Louis
- Flat Fee MLS Services: You can get up to 100% of your home’s FMV with a Missouri Flat Fee MLS listing service. Your home is visible to multiple cash buyers, increasing your offers.
- For Sale By Owner: When you sell FSBO, you’ll have to manage offers, handle paperwork, and negotiate, all by yourself. But with the best FSBO website in St. Louis, your home gets listed on the MLS with max exposure!
- Full-Service Realtors: They provide various services from listing to closing, but charge a hefty 5% to 6% commission.
- Discount Real Estate Brokers: They offer services like contract review and negotiation for a lower fee than traditional agents. Discount brokers in St. Louis charge between 0.5% to 2.5% as commission.
5 Tips to Sell Your Home Fast in St. Louis
- Price Your Home Realistically: Get a Comparative Market Analysis report or use Houzeo’s free home value estimator before finalizing your price. The right price will attract potential buyers faster.
- List on a Cash Buyer Marketplace: Home flippers are constantly looking for investment houses for sale in St. Louis. You could get multiple offers for your home, driving up its home sale price.
- Address Minor Repairs: Fix leaky faucets and broken outlets, and give your house a fresh coat of paint to boost its appeal. Even small upgrades can significantly increase your home’s value and help you sell faster.
- Respond to Enquiries Quickly: Answering buyer inquiries promptly demonstrates your commitment to selling your house quickly. Maintain flexibility for weekend showings to accommodate busy buyers’ schedules.
- Create Compelling Virtual Tours: High-quality photos and virtual tours help your listing attract remote buyers and sell your home quickly.
Should You Sell to Cash Home Buyers in St. Louis?
Yes, but only if you’re ready to say goodbye to 30% to 70% of your home’s equity. That’s the price you pay for a quick sale. On the other hand, with top cash buyer marketplaces, you can compare multiple offers, sell fast, and potentially get top dollar for your home.
