There are many reasons why you may look for ways to “sell my house fast for cash”. You could either be stuck with an old property or you may need to move states. Companies that buy houses for cash are a viable option in such situations.
According to Zillow, it takes an average of 55-75 days to sell a house. All-cash buyers close on the sale quickly, sometimes within a few days.
But this convenience comes with a few drawbacks. You will get offers lower than the market price. Additionally, it’s hard to skimp the crowd and find legit cash buyers.
Here are 6 cash companies that will help you sell your house fast for cash in 2024.
🚀 The Rise of All Cash Offers
- Cash is King: 31.2% of Americans sold their homes for cash in December, compared to 25.3% in all of 2020. This number is expected to rise in 2023 as financing becomes more expensive.
- iBuyers are Not a Viable Option: iBuyers have either shut down or have suffered massive losses. Our analysis suggests that iBuyers will offer much less than Fair Market Value (FMV) for your home in 2024 and 2025.
- Who Will Buy My House for Cash: Cash companies like Houzeo, iBuyers, Sundae, etc., buy houses fast for cash.
Quick List with Houzeo
Houzeo is America’s most advanced real estate marketplace. Your listing gets exposed to all local and national cash buyers via the MLS.
6 Companies That Help You Sell Your House Fast for Cash
Here are the top 6 companies that help you sell your home fast for cash.
1. Houzeo.com
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.
- Pricing:
- Silver Plan – $199: 6-month MLS listing, 24 photos.
- Gold Plan – $249: Maximum photos, contract review, seller disclosures, licensed broker assistance.
- Platinum Plan – $299: Everything in Gold with a 12 month listing and virtual full-service with licensed broker.
» Houzeo Reviews: Find out why Houzeo is one of America’s best cash buyer marketplaces.
Houzeo is America’s #1 cash buyer marketplace 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.
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. Opendoor
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: Opendoor’s final cash offer may be below your property’s Fair Market Value, around 70%. They also deduct repair and closing costs.
- Hefty Service Fees: Opendoor will charge you a steep 5% service fee.
- 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. Offerpad
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.
Offerpad’s closing process is faster than other “cash for houses” companies. In certain states, they can close in just 8 days.
During the home sale, Offerpad quotes two prices: one before the inspection and one after. The difference between these offers is quite high. As per a customer review, the home seller was offered $189,000 but later received a lowball offer of just $149,000.
» Offerpad vs. Opendoor: Compare the two iBuyers before requesting a cash offer on your house.
4. We Buy Ugly Houses
We Buy Ugly Houses, a franchisee of HomeVestors, is a well-known network of real estate investors. They help you sell your property fast in any condition.
- Typical Offer: 50% to 70% of your property’s Fair Market Value.
- No Closing Costs: You don’t have to pay any seller closing costs; it is covered by the company.
- Eligible Properties: Distressed properties with structural issues, homes with flawed mortgage financing, inherited homes, homes in high-crime neighborhoods, etc.
- Service Fee: None.
Here are some of the benefits that you get with We Buy Ugly Houses:
- Sell Your Home As Is: You can sell your distressed home and avoid upfront costs to fix, prepare, or stage your house.
- Quick Closing Timeline: Once you accept the offer, you can sell your house within 2 weeks.
- Save on Closing Costs: You won’t need to pay the closing costs as they take care of it themselves.
- Free Cancellation: You can cancel your contract for free within 3 days of accepting the cash offer.
In our research, we have found certain drawbacks of We Buy Ugly Houses:
- Lowball Offers: Cash offers typically range from 50% to 70% of a home’s Fair Market Value, based on its condition and location.
- Limited Negotiation: We Buy Ugly Houses extends “take-it-or-leave-it” offers. You can try to negotiate, but usually, they won’t budge.
- 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.
- Inconsistent Service Quality: Your experience may vary depending on how your local investor handles the sale.
We Buy Ugly Houses is rated 4.9 out of 5 stars from 90+ reviews on Google.
» We Buy Ugly Houses Reviews: Want to know more? Dive into our detailed review!
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, they make cash offers starting from 30% of its FMV.
5. We Buy Houses
We Buy Houses is a network of pre-vetted real estate investors. Each of these investors are thoroughly screened before being authorized to operate independently.
- Typical Offer: 50% to 70% of the property’s Fair Market Value.
- Eligible Properties: Distressed properties with structural issues, inherited homes, homes in high-crime neighborhoods, etc.
- Closing Offer Terms: We Buy Houses provides a flexible closing date, typically 7 to 14 days. The offer terms are not flexible.
- Service Fee: None.
Here are some of the benefits that you get with We Buy Houses:
- 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.
- Fast Closing: We Buy Houses can complete the entire home sale process in just 7 days after you accept their offer.
- Sell Your Home As Is: By selling your distressed home, you avoid repair costs, which helps your save thousands.
In our research, we have found certain drawbacks of We Buy Houses:
- Inconsistent Service Quality: 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.
👉 Our Take: We do not recommend We Buy Houses for cash home sellers. They extend lowball offers and leave no room for negotiation.
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.
6. Sundae
Sundae Real Estate links off-market property sellers with approved investors. Rather than offering cash directly, they create a bidding platform to help sellers secure better prices.
- Typical Offer: Sundae lists typically distressed properties. Offers will likely fall below Fair Market Value, potentially between 60% to 85% based on property condition and investor demand.
- Eligible Properties: Sundae focuses on off-market properties that often require minor repairs or updates. This can include houses with cosmetic issues, structural problems, or those needing significant renovations.
- Closing Time: Sundae aims for a quick 30-60 day process, but the closing times vary by investor. Investor bids determine the final offer.
- Service Fee: None.
Here are some of the benefits that you get with Sundae Real Estate:
- Streamlined Process: Sundae aims to simplify the selling process for off-market properties, handling the listing and connecting you with interested investors.
- Competitive Offers: By listing your property on their marketplace, you can potentially receive multiple offers from different investors.
- Focus on As-Is Sales: Sundae specializes in selling homes as is. This allows you to avoid the costs and hassle of minor repairs and staging.
- Cash Advance of Up To $20,000: Qualified sellers can get up to $20,000 through Sundae’s Cash Advance Program. To apply, tell the closing manager when you sign the purchase agreement. You may become eligible after completing all paperwork.
In our research, we have found certain drawbacks of Sundae Real Estate:
- Limited Reach: Sundae serves only in 11 locations across 5 states in the United States. These are Atlanta, Dallas & Fort Worth, Houston, Inland Empire, Las Vegas, Los Angeles, Oakland, Orange County, Sacramento, San Diego, and Seattle.
- Non-Negotiable Cash Offers: Sundae homebuyers will not offer more than 70% of your property’s Fair Market Value. You can try to negotiate, but Sundae investors will rarely budge on the price.
- Uncertainty of Offers: When you sell your house to Sundae, you’re selling to a local investor. The price you’ll receive, depends on investor interest.
- Customer Feedback: Sundae has a significant number of complaints on the Better Business Bureau, primarily revolving around communication, customer service, and discrepancies in offers or fees.
Sundae has an average rating of 4.2 out of 5 on BBB with 85+ reviews.
» Sundae Reviews: Want to know more about the company? Read our in-depth analysis.
Sundae is ideal for distressed home sellers looking “sell my house fast as is”. No matter the property’s condition, you will get an offer when you list it on Sundae.com. The cash offer will likely be 30% to 70% of the FMV.
Sell My House Fast for Cash Near Me
How to Sell Your Home Fast for Cash?
Cash home buyers will offer a discounted price for your home. Here is how to sell your property fast for cash-
- Determine Your Home’s Worth: Do a comparative market analysis to find the FMV of your property. This gives you a benchmark for the listing price. Cash buyers will pay you around 50% to 70% of the market value.
- Scout for Offers: You can search online or hire an agent to look for legit cash buyers. Request an offer and compare multiple offers before going ahead with the sale.
- Get Proof of Funds: Beware of scammers! Once you have a few offers on your hand, ask a real estate agent or attorney to vet the buyer and their offer.
- Consider Your Costs: Cash buyers expect a discount for paying in hard cash. However, you must consider the closing costs, agent fees, and title company fees, before you accept the offer.
- Schedule a Home Inspection: Once you accept an offer, the buyer will require a home inspection before closing. However, if you are selling a home as-is do not worry about conducting repairs.
- Ensure a Clear Title and Escrow: Just like a regular sale, you must have a clear title to legally transfer your home to the cash buyer. The buyer should put money in the escrow account before you close.
- Complete the Sale: Both parties should be present with their agent and attorney to sign the final documents. You will then receive the money and close the deal.
Sell My Home for Quick Cash: Pros and Cons
✅ Pros
- Fast Sale: You can get your money and sell your house for cash fast, in just 7 to 30 days.
- No Repairs: You don’t have to fix things up before selling your home. Cash buyers buy houses as is.
- Less Hassle: There’s less paperwork and fewer people involved. It’s simpler and more accessible.
- More Certainty: You don’t have to worry about buyers changing their minds or loans falling through.
- No Agent Fees: You might not need a real estate agent, so you can save on agent fees and commissions.
❌ Cons
- Lower Price: Fast cash home buyers often offer approximately 50% to 70% of your home’s FMV.
- Limited Buyers: Fewer people are interested in buying with cash, so it can take longer to sell your house for fast cash.
- Scams: Be careful of scams or people who might try to take advantage of your situation when you’re selling for cash.
- Less Control: You cannot set terms and conditions as compared to a traditional sale.
How We Buy Houses Companies, iBuyers, and Traditional Sales Compare
| Aspect | We Buy Houses Companies | iBuyers (Instant Buyers) | Traditional Sales |
|---|---|---|---|
| Offer Speed | Within days | Quick online assessment | Varies, can take time |
| Property Condition | Buys as-is | May require repairs | Usually as-is but you get better offers for renovated homes |
| Offer Price | Low | Competitive | Can be higher than market value |
| Fees and Costs | Varies | Service fees may apply | Agent commissions |
Selling to a Cash Buyer: Is It Right for You?
Yes, selling your house to a “We Buy Houses for Cash” company can be beneficial when you are –
- On a Severely Tight Timeline: If you’re going through a divorce or an immediate move, cash buyers or investors can help you sell faster.
- Have Inherited a Property: It is a good call to sell inherited property fast for cash if it is far away or in poor condition.
- Are In Need of Urgent Cash: If you’re in a hurry, or facing foreclosure then selling your house for cash allows you to avoid a hit on your credit.
- Own a Distressed Property: Selling your house fast for cash is a perfect choice if it is in extremely poor condition.
Beware: Cash Home Buyer Scams
There are scammers in every industry, and that’s how ‘cash for home 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. 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.
Alternatives to Sell Your House Fast For Cash
- List Your Home On a Cashbuyer Marketplace: You can get up to 100% of the fair market value on the open market. High-tech For Sale By Owner websites like Houzeo list your home on the MLS within 24-48 hours to sell faster!
- Hire a Top Realtor: Top real estate agents have the expertise to help you sell your property fast within a set timeline. However, the best realtors will charge a 6% commission. That amounts to thousands of dollars in realtor commission!
- Work With Flat Fee Brokers: A flat fee broker charges a fixed fee to help you sell your property. A seller can save more on listing commission and a buyer can get a rebate.
- Sell “For Sale By Owner”: Selling your home purely FSBO on other websites has no access to the MLS. You market your property, conduct market research, manage offers and showings, etc., all by yourself.
Bottom Line
Selling your house fast for cash can be a doable choice only in certain situations. If you do want to sell your house fast for cash, sell on a cashbuyer marketplace.
Get the most value out of your home to secure your future. List hassle-free with Houzeo completely online with all the help you need at your fingertips.
Check out how Houzeo works in this video:
» Houzeo Reviews: See how Houzeo home sellers save thousands with Houzeo technology and MLS exposure.
Frequently Asked Questions: Selling Home Fast for Cash
How to sell my house fast for cash?
The fastest way to sell your house in 2024 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.
How can I get cash for my house?
To get cash for your house in the USA, you can sell to cash buyers or investors who purchase properties without relying on traditional financing.
How to sell house as is for cash?
Selling a house “as is” is pretty similar to a regular home sale. Except, you need not sweat about significant repairs or hiring a home staging company. You should be transparent about all the defects present. Also, ensure you price your home correctly.
How can I sell my house fast for market value?
You can sell on a cash marketplace to get up-to 100% of your property's fair market value. If you opt for cash buyers you will get only 50% - 70% of the market value. Americas best cash marketplace is Houzeo, you can start selling for cash in just $1.
