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10 min read Apr 01, 2023

How Do I Sell My House Fast for Cash in 2023?

Cover - How do I sell my house fast for cash in 2022?

31.9% of Americans sold their homes for cash in the last quarter of 2022. Rising mortgage rates and a lack of home shoppers have compelled sellers to accept cash offers from institutional flippers.

Companies that buy houses for cash and iBuyer companies can help you sell your house fast for cash in 2023. iBuyers charge hefty service fees and operate in limited markets.

On the other hand, local cash buyer companies have zero service fees or closing costs but make trivial, lowball cash offers on homes.

Selling on an open market will take a while, but your net profits will be larger, even after paying agent commissions. If you’re trying to sell a distressed property as-is or need to close a house sale within two weeks, then cash home buyers are an ideal option.

💸 Maximize Your Cash Offer with Houzeo


In America, 90% homebuyers start online. Houzeo.com syndicates your MLS listing to thousands of real estate websites and increases the visibility of your property.


START YOUR MLS LISTING NOW

6 Companies that Help You Sell Your House Fast for Cash

1. Houzeo.com

Max Exposure to Cash Buyers

Houzeo

Houzeo Logo
  • Service Fee: $349 Listing Fee
  • Available in 80+ U.S. Markets
  • 5 Stars 4.9/5 (out of 4,523 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.

  • 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.

2. Opendoor

BIGGEST IBUYER

Opendoor

Opendoor Logo
  • Service Fee: 5%
  • 📍 Coverage: 45 markets
  • Opendoor has 4.4 stars out of 5 4.4/5 (out of 3,066 reviews)

Opendoor is the country’s biggest iBuyer. They offer fast cash for homes and flexible closing timelines. Opendoor makes competitive offers, but these are far less than your property can get on the open market.

  • Service Fee: 5% of Home Sale Price
  • Typical Offer: 70% to 100% of Fair Market Value (FMV)
  • Types of Properties Purchased: Opendoor offers cash for houses only in desirable neighborhoods. If your property needs minimal repairs, Opendoor is an option for you. Otherwise, you may not even receive a preliminary cash offer from Opendoor.
  • Closing Date & Offer Terms: Opendoor provides a flexible closings, with dates up to 45 days out. Opendoor’s offers are not flexible, and final terms may change after home inspection.
  • Limited Coverage: Opendoor only covers 51 markets.

🚩 You Should Know: For the ease of a fast cash offer and flexible closing, you may pay up to 13% of your home’s sale price in service fees. Opendoor’s final cash offer is calculated after deducting home repair costs and closing costs.

👉 Our Take: Opendoor could be the best company to sell your house fast if they purchase properties in your zip code. Remember—an MLS listing on Houzeo.com will automatically put you in front of Opendoor and other iBuyers for an instant cash offer.

» Opendoor Reviews: Everything you need to know about America’s biggest iBuyer

  • Excellent for experienced home sellers with desirable properties
  • The repair cost breakdown isn’t disclosed in the offer
  • Not suitable for first-timers or FSBO sellers
  • The sales process may feel rushed, and the home seller has negligible control over the sale
  • The difference between Opendoor’s preliminary offer vs. final offer can be humongous
  • Home sellers receive cash offers within 24-48 hours, only on the properties that are in Opendoor’s coverage.

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

» Opendoor Review: Is Opendoor the best cash home buyer in 2023?

👎 Limited Coverage: Opendoor offers cash for houses only in 51 markets, and some of the top markets are Boston, Albuquerque, Cincinnati, Indianapolis, Birmingham, Modesto & Stockton, Galveston, Miami, San Francisco, San Jose, etc.

👍 Rankings of Local Cash Buyers: In case Opendoor doesn’t cover your zip code, you can consider local companies that buy houses for cash:

3. Offerpad

FASTEST CLOSING

Offerpad

Offerpad-Logo
  • Service Fee: 5%
  • Close in 10 days
  • Offerpad has 4.5 stars out of 5 on TrustPilot 4.6/5 (out of 165 reviews)

Known for its fast closing schedule, Offerpad is an iBuyer founded in 2017. Offerpad’s patented evaluation tool generates an initial offer price for the property based on housing market stats and insights from in-house real estate market specialists.

  • Service Fee: 5% of Home Sale Price
  • Typical Offer: 70% to 90% of Fair Market Value (FMV)
  • Types of Properties Purchased: Offerpad offers cash for houses only in desirable neighborhoods and for properties that need zero or minimal repairs. Distressed properties may not get a cash offer from Offerpad.
  • Closing Date & Offer Terms: Offerpad has the fastest closing schedule, with the earliest timeline being 7 days and up to 45 days out. Their offer terms are inflexible, and the initial cash offer terms may change after the home inspection.
  • Limited Coverage: Offerpad only covers 22 markets.

🚩 You Should Know: Offerpad’s final cash offer is calculated after deducting home repair costs and seller closing costs. For the ease of an instant cash offer and fast closing, you may pay up to 13% of your home’s sale price in service fees. Also, if you want to back out of the deal with Offerpad after accepting a cash offer, you will have to pay a 1% cancellation fee.

👉 Our Take: Offerpad can be considered if you need to sell quickly, and this iBuyer offers cash for houses in your zip code. Remember—an MLS listing on Houzeo.com will automatically put you in front of Opendoor and other cash house buyers.

» Offerpad Reviews: Is the Fast Closing Schedule Worth the Tradeoff?

  • In just 10 days, you can close your house sale with Offerpad
  • No need to fix or prepare the house
  • Long-term stay option for house sellers
  • Closing costs and service fees can add up to more than 10% of the purchase price in some situations, resulting in a lower cash offer than expected
  • 1% cancellation fees if you back out of the deal after acceptance

Offerpad has a 4.6 out of 5 stars rating on TrustPilot.

» Offerpad Review: Check out exclusive customer reviews of Offerpad

4. We Buy Ugly Houses

NATIONWIDE COVERAGE

We Buy Ugly Houses

We Buy Ugly Houses
  • Service Fee: None
  • Closing in 3 weeks
  • 2 Stars  2/5 (out of 6 reviews)

We Buy Ugly Houses is a 20-year-old cash home buyer brand owned by HomeVestors. With a tried & tested business model of buying homes for cash, the company typically caters to distressed home sellers looking for cash offers. Each office is operated by a local real estate investor independently.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of ugly houses, i.e., 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 Date & Offer Terms: We Buy Ugly Houses provides a flexible closing date, up to 30 days out. Offer terms are inflexible, and some franchisee offices may use controversial tactics to close the cash home deal.
  • Limited Coverage: We Buy Ugly Houses covers 1,100 cities.

🚩 You Should Know: We Buy Ugly Houses independently operates on a franchise model, so the quality of service you receive depends on your location. Research the customer reviews of the franchise in your locality before accepting any cash offers.

👉 Our Take: This home-buying company is best for home sellers looking to close quickly and don’t expect a lot of cash for their house. Remember—an MLS listing on Houzeo.com will put you in front of cash buyers, increasing your chance of getting multiple offers.

» We Buy Ugly Houses Reviews: Everything you need to know about this cash buyer

  • Get a preliminary cash offer on a house in 24 to 48 business hours and close within 3 weeks.
  • We Buy Ugly Houses decides the cash offer based on local market sales & housing trends.
  • No need to prep the home for listing or worry about house repairs.
  • Pays less than what sellers could net on the open market.
  • Quality of service varies between franchises.
  • Controversial tactics for closing the sale.
  • If you can negotiate well or have a desirable property, the final cash offer could increase, but we don’t have any hard data about this.

👎 Poor Customer Reviews: We Buy Ugly Houses has 2 out of 5 stars with 6 reviews on Yelp.

👍 Houzeo Reviews: Houzeo is rated 4.9 out of 5 stars, with a 4.9 rating on Trustpilot and a 5.0 rating on Google.

We Buy Ugly Houses offers cash for houses in 45 states in 1,100 locations nationwide.

» Companies That Buy Houses: Check out America’s top cash home buyers

5. We Buy Houses

FAST CLOSING

We Buy Houses

Logo - We Buy Houses
  • Service Fee: None
  • Closing in 3 weeks
  • No credible reviews found.

Dealing with a cash buyer company like We Buy Houses (WeBuyHouses.com) is like selling your home to a local real estate investor. We Buy Houses “thoroughly” vets their investors before authorizing them to operate independent offices in their respective jurisdictions. This cash home buyer caters to distressed home sellers and is known to buy properties as-is.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All kinds of ugly houses, i.e., distressed properties with structural issues, couples going through a divorce, a death in the family, flawed mortgage financing, inherited homes, high-crime neighborhoods, etc.
  • Closing Date & Offer Terms: We Buy Houses provides a flexible closing date, up to 60 days out. Offer terms are inflexible, but you can try negotiating for a better cash offer and terms.
  • Near-Nationwide Coverage: WeBuyHouses.com pays cash for houses in 2,700 cities nationwide.

🚩 You Should Know: We Buy Houses is a pre-vetted real estate investor network and operates on a franchise model. Some franchisee offices may use controversial tactics to close the cash transaction.

👉 Our Take: We Buy Houses operates franchises with independent, pre-vetted, local real estate investors. The quality of service depends on your location, so it’s best to check the customer reviews of the local We Buy Houses franchise before requesting a cash offer.

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

  • Get an offer within two days & close in just seven days
  • Private network of pre-vetted real estate investors
  • Once an offer has been made, there is little to no space for negotiation.
  • Most homes get paid less cash than the fair market value.
  • Only interested investors will evaluate your home full cash offer will be made for your house.
  • We Buy Houses’ final cash offer is usually in line with the preliminary cash offer unless the appraiser deducts anything during the home inspection.

👎 Zero Customer Reviews: We Buy Houses has no customer reviews on popular review sites like Google or Trustpilot.

👍 Houzeo Reviews: Houzeo has a stellar rating of 5.0 stars on Google and 4.9 stars on Trustpilot.

We Buy Houses makes cash offers on houses in 49 states with 2,700 offices nationwide.

6. Sundae

PRE-QUALIFIED INVESTOR NETWORK

Sundae Real Estate

Logo - Sundae
  • Service Fee: None
  • Best for distressed properties
  • 3.5 Stars 3.5/5 (out of 42 reviews)

Sundae isn’t your typical “we buy houses for cash” company, but an investor marketplace launched in 2018. On Sundae’s platform, pre-qualified investors place bids and offer cash for rundown homes. Home sellers with homes in desirable locations may get multiple cash offers. With over 1500 pre-vetted investors, Sundae Real Estate continues to expand its cash home buyer network.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of houses, i.e., distressed properties with structural issues, couples going through a divorce, a bad mortgage financing, or pretty houses in desirable neighborhoods.
  • Closing Date & Offer Terms: Sundae provides a flexible closing date, up to 60 days out. Offer terms are inflexible, but there is a possibility for negotiation.
  • Limited Coverage: Sundae Real Estate only covers 1 state – California.

🚩 You Should Know: Sundae’s real estate investors make lowball offers and aren’t open to negotiating the deal. Also, Sundae Real Estate is primarily an intermediary between investors (home buyers) and home sellers. So, you might not get a cash offer if no investor shows interest in your property.

👉 Our Take: Sundae’s final cash offer is in line with the preliminary cash offer unless repair costs exist. However, you can always negotiate with the investor you sell your house to. An MLS listing via Houzeo.com exposes your property to nationwide cash home buyers and increases the chance of multiple cash offers.

  • Unique marketplace with pre-vetted real estate investors.
  • Receive multiple cash offers based on bids solicited by the platform.
  • Sundae acts as the communication platform till the property closes
  • Skip house repairs or home staging.
  • Locations are limited.
  • Cash offers will be lower than the offers received on the open market.
  • Eligible homes are often in distressed conditions or need heavy repairs and upgrades.

Sundae has an average rating of 3.53 out of 5 stars on the Better Business Bureau.

👎 Limited Coverage: Sundae’s investors make cash offers only in 1 state, California — specifically in Los Angeles, Orange County, San Bernardino, Riverside, San Diego, and the Sacramento metropolitan area. The company continues to expand into new locations, most recently the Tampa, FL, and Atlanta, GA, metro areas.

👍 Rankings of Local Cash Buyers: If Sundae Real Estate doesn’t cover your zip code, you can consider local companies that buy houses:

How to Sell My House Fast?

If you want to sell your house fast for top dollar, Flat Fee MLS services are the best way to go. Most Flat Fee MLS services including Houzeo get your listing on the MLS within 24-48 hours.

Listing on the MLS has 4 major benefits that majorly reduce the time in which you can sell your house:

  • MLS is the fastest way to hit the market, plus your listing is syndicated to major real estate websites like Zillow, Realtor.com, etc.
  • Your listing gets maximum exposure including real estate agents, home buyers, cash home buyers and iBuyers.
  • You can negotiate all offers.
  • You skip paying commission or service fees.

Worth a Shot: Home Trade-in Services

If you feel you won’t qualify for a home mortgage loan and need hard cash before buying your next house, then a home trade-in service will work wonders for you.

Home trade-in services like Knock and Flyhomes help you with the liquid cash to move into your new home while the company lists your old home on the market. Settling the finances happens when the old home sells.

» Sell My House Fast: Check out the quickest ways to sell your house in 2023!

How to Compare Cash Buyers to a Traditional Sale?

When deciding whether to opt for a cash buyer or go the traditional process of selling a house route, you can consider the parameters like closing time, speed and convenience, and expenses incurred during the sale. If you want to sell your house fast for cash, you can compare the speed of offers, closing, and upfront expenses.

1. Fast Closing

Cash home buyers give you plenty of room to decide when to close. All-cash deals close quickly because there is no money lender in the picture. Homes are evaluated, and cash home buyers make an instant offer, which is often non-negotiable.

2. Flexible Moving Out

There is also ample time to decide when you want to start moving out of the house because, in the case of companies buying houses for cash, there is no direct buyer who wants to migrate. It’s just the home seller and the company, so offering flexible moving out works for both. When it comes to a traditional real estate home sale, you need to move out within a few weeks so that the buyer can move in!

3. Reduced Expenses

You don’t incur any upfront expenses when dealing with cash home buyers because the usual steps like home prepping, staging, and photography are eliminated with cash buyers, so there is no direct cost associated when requesting a cash offer. Cash home buyers will offer cash for the house as-is. When selling a house the traditional way, you may incur the said expenses.

This makes cash home buyers more attractive if you want to sell your house fast for cash and get equity for your property hassle-free.

💲Market to the Biggest Pool of Cash Buyers!


Houzeo is the fastest, high-tech way to get on the MLS and sell to cash buyers.


Start Your FREE Listing NOW!

 

How We Buy Houses Companies, iBuyers, and Traditional Sales Compare

Cash buyer companies make a free, non-negotiable cash offer within 24 to 48 hours of requesting an offer. Once you give your contact details and a brief description of the house, a representative from the company will conduct a virtual home walk-through and verify the property details.

After this call, you get a non-obligatory cash offer and you can choose to accept or reject it. Negotiating this offer is off the table. In the case of traditional home selling, you get multiple offers from potential buyers, and real estate agents help you close on the best one.

Local home sales data is available online, so relying on traditional real estate agents for getting a top-dollar rate is no longer a necessity. Technology-driven companies like Houzeo.com let you list your home on the MLS with an advanced FSBO platform for a flat fee. The listing paperwork is 100% online, and any update can be made within a matter of clicks.

» Explore More: Houzeo Reviews: How to get a top-dollar rate for your house in 2023?

📈 Listing on the MLS

Listing on the open market is the best way to maximize your cash offer because your MLS listing gets syndicated to other real estate websites like Zillow, Trulia, Redfin, Realtor.com, etc. This amplifies the exposure of your MLS listing and puts you right where cash home buyers are looking for hot properties.

You can get multiple offers and also compare the highest and the best offers from potential buyers. There is an opportunity to negotiate the sale price, closing costs, etc, and save substantially in commissions by choosing a fixed fee MLS platform or low commission real estate agent.

Best For: Home sellers who want to maximize their cash offers, avail of the best offer terms, and close at a flexible timeline.

⏰ FASTEST WAY TO GET CASH OFFERS: Houzeo is 100% online. Complete listing formalities in <60 mins and market to potential buyers, including cash buyers!

📲 iBuyers

iBuyers are instant buyers, and these companies have created a level-playing field with full cash offers and technologically advanced platforms. You get a reasonably fair cash offer instantly and you can close within a matter of few days.

Getting the highest possible rate may not be possible but iBuyers paid 99.4% of the fair market value in 2021. The coverage of iBuyers is limited, so not all homeowners can avail their cash deals.

✅ Best For: Home sellers who want a hassle-free experience and don’t mind leaving some cash on the table.

🤑 Cash buyer/ “We Buy Houses for Cash” Companies

If your house is in a poor condition and you don’t want to spend thousands of dollars on repairs or closing costs, then you can choose “we buy houses for cash” companies. These companies make quick offers and help sell your house fast for cash.

You’ll get 50%-70% of your home’s fair market value, which is a low-ball offer. A home worth $150,000 on the open market can be scored at $70,000 by an investor with quick cash. An offer that is nearly 50% lesser than what the property is worth.

✅ Best For: Home sellers who want to sell distressed houses, or selling properties falling in difficult-to-sell locations.

💸 Maximize Your Cash Offer with Houzeo


In America, 90% homebuyers start online. Houzeo.com syndicates your MLS listing to thousands of real estate websites and increases the visibility of your property.


Want to sell your house for maximum cash?


START YOUR MLS LISTING NOW

 

Sell My Home for Cash: Pros and Cons

✅ Quick, Hassle-free Sale

✅ Fast Closing

✅ Certainty of Sale

✅ No Upfront Costs

⛔ Non-negotiable Cash Offers

⛔ Lower Sale Prices

⛔ Strict Purchase Criteria

⛔ Limited Coverage

💀 Beware: Cash Home Buyers Scams

Cash home buyers are legitimate, but there are scammers in every industry and that’s how ‘cash for houses scams’ work. Typically, these scammers post signs and blast emails with a “we buy houses for cash” ad. Families in need of liquid cash or struggling to make their mortgage payments fall for this, and end up losing control of their house.

There are cases when “cash for houses” companies have leased the property to a new tenant, and the owner is still responsible for making the mortgage payments. Don’t get lured by such deceptive ads; investigate the company thoroughly before signing any legal documents. Consider getting professional help to avoid falling prey to such cash home buyers’ scams.

💰Want to avoid shady cash buyers?

Experience seamless home selling with a credible network of real estate agents for a flat fee with Houzeo.com. List on the open market at just $329!
Learn more

Selling a House ‘As-Is’

Selling “as is” means putting your house for sale in the existing condition, without any upgrades or improvements. “As is” home buyers know you will not make any repairs, even based on the home inspection report.

You may opt to sell your house as-is under the following circumstances:

  • You Cannot Afford to Make Any Repairs
  • You Want to Relocate ASAP
  • You are in a Financially Difficult Situation
  • You Want to Avoid the Stress of selling an Inherited property

Selling to a Cash Buyer: Is it Right for You?

Yes, it is right for you if any of the mentioned reasons match your criteria. Selling your house to a “We buy houses for cash” company can be beneficial when you’re –

📌 On a severe tight timeline

If you’re going through a rough patch in your life, such as a divorce or an immediate move, cash buyers or investors can help you sell faster.

📌 Owning an inherited property

In case you have any deceased relative’s property that is far away or in poor condition, selling to a company that buys houses for cash can be a good call.

📌 In need of urgent cash

If you’re in a hurry, facing any foreclosure, and don’t wish to retain your home, then selling your house for cash might allow you to avoid a hit on your credit.

📌 Owning a badly distressed property

If your property is in extremely poor condition and it’s a waste to even contribute to further repairs then selling your house for cash is a perfect choice.

However, if you’re just looking for hard cash and can hang in a while, then listing on the MLS would be an ideal option. With a technologically advanced platform like Houzeo.com, you can start your listing process on any device and finish all the paperwork seamlessly.

💲Market to the Biggest Pool of Cash Buyers!


Houzeo is the fastest, high-tech way to get on the MLS and sell to cash buyers.


Start Your FREE Listing NOW!

 

Eager to Know How Houzeo Works?

Check out the following video to understand what is Houzeo.com and how it works.

» More: Read these exclusive Houzeo reviews to decipher why the platform is the best in the business.

Frequently Asked Questions: Selling Home Fast for Cash

1. How to sell my house fast for cash?

The fastest way to sell your house in 2023 would be to be a cash home buyer. Evaluating we buy houses for cash companies and iBuyers is important before requesting an offer for your property from either of them. Typically, you get an offer within 24 hours, and you can close in 14 days. However, cash home buyers pay up to 70% of the fair market price of the house, so you will get more money if you sell your house on the open market. Start your FREE MLS Listing NOW!

2. What is the secret to a fast property sale?

There's no secret ingredient. Really. Any good real estate agent can help you get a quick sale by:

  • Pricing your home competitively based on other recent sales in your neighborhood
  • Telling you what the highest impact home improvements might be
  • Hosting an open house to attract more buyers
  • Or, you could sell your home directly to a company that buys houses — but you probably won't make as much money since these companies buy and resell homes to make a profit.

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