W Properties is a cash for homes company that purchases distressed homes at a discount. They primarily cater to home sellers who need to move out quickly.
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Pros
- W Properties doesn't charge any service fee or closing costs
- You can sell your home and move out at your convenience
Cons
- W Properties extends offers that are just 50% to 70% of your home's FMV
- You may not be able to negotiate a better deal for your home
W Properties is a typical cash house-buying company that lets you offload your distressed property easily. They provide a quick closing timeline that helps sellers who need money urgently.
However, this convenience comes with a catch. You may have to settle for a lowball offer that is just 50% to 70% of your home’s Fair Market Value.
Instead, we recommend listing and selling your home on a cash buyer marketplace like Houzeo.com. Via the MLS, Houzeo gets you exposure to hundreds of local and national investors. You could attract multiple cash offers, and probably even sell for more than 100% of your property’s fair market value.
Let’s look at W Properties reviews and alternatives to see if you can get a better deal for your home.
Key Takeaways
- Pros: W Properties makes all cash offers on homes irrespective of their distressed condition. They do not have strict eligibilty criteria for the homes they purchase.
- Cons: When you sell your home to W Properties, you may lose around 30% to 50% of your property’s market value. Further, you may not be able to negotiate the offer they extend.
- Our Take: We don’t recommend W Properties. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. W Properties.
What is W Properties?
W Properties is a cash buyer that caters to home sellers in Oklahoma. They buy properties at a discount, fix them up, and then sell them for a profit.
This cash buyer helps those who need to sell their houses quickly. However, you can also pick a closing date that’s convenient for you.
What Types of Properties Does W Properties Purchase?
W Properties purchases all kinds of homes at a steep discount from distressed sellers. Some of these houses include:
- Inherited properties
- Homes with structural damages
- Rental properties with tiresome tenants
- Houses facing foreclosure
When compared to other cash home buyers, you may be robbed of a huge chunk of money with W Properties.
To avoid such a possibility, list on the MLS with a flat fee company like Houzeo and compare multiple offers from cash companies and iBuyers alike.
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👉 IMPORTANT: Review local housing sales data and determine the Fair Market Value of your property before requesting a cash offer from W Properties.
W Properties vs. Houzeo
Selling to W Properties seems hassle-free. But you pay for this convenience by selling your home at a reduced price.
On the other hand, an MLS listing with Houzeo’s Gold plan equips you with advanced technology to call for the highest and best offers. You can also counter offers to help you get a deal closer to your expectations.
| W Properties | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4.8 stars (42 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 7 to 30 days | 2 to 60 days |
| Fees | ❌ | $379 |
| Closing Costs | ❌ | 1% to 3% Closing Costs |
| Scope for Negotiation | ❌ | ✅ |
| Repair Costs | ❌ | ✅ |
» Houzeo Reviews: Still not convinced? Read what customers have to say about Houzeo.
W Properties: Pros and Cons
W Properties is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ W Properties Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how W Properties matches up to these expectations.
- Buy As Is Houses: This “We Buy Homes Fast” company purchases homes as is. So, even if your property is facing foreclosure or needs heavy repairs, you will get a cash offer.
- Quick Closing: W Properties reviews say they close in as little as two weeks. However, their timeline is flexible, and they can close on a date suitable to you.
⛔ W Properties Cons
W Properties complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: W Properties views your house as an investment opportunity. So, your offer price may be much lower than the market price of your property.
- Little to No Scope for Negotiation: With cash home buyers like W Properties, you may not have room to negotiate your cash offer. If you still want to try your luck, ensure that you back your arguments with proof.
- Limited Coverage: This cash buyer caters to home sellers in Oklahoma.
Best Alternatives to W Properties
Even if you want to sell your house fast for cash, look for some alternatives better than W Properties. We’ve listed three below:
- Houzeo: Houzeo is one of the best FSBO websites in America that lets you list your home on the MLS in just 24 to 48 hours. Here, multiple national and local cash home buyers make offers on your property, driving up its price. You can even get 100% of your home’s FMV.
- Opendoor: Opendoor is the largest iBuyer in America extending cash offers for homes needing minimal repairs. They generally pay 70% to 80% of your home’s FMV but deduct a 5% service fee, closing costs, and repair costs from the offer.
- HomeVestors: HomeVestors is a cash home buyer franchise offering 50% to 70% of the home’s FMV. However, they may deduct repair costs at closing. Further, since each office is independently owned, you won’t get consistent service across the country.
“We Buy Houses for Cash” Companies Near Me
There are other “We Buy Houses As Is” companies in the market. You can request an offer from multiple cash companies and pick the one that suits you the best.
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Frequently Asked Questions About W Properties
1. Is W Properties legit?
Yes, W Properties is a legitimate company that purchases homes for cash in Oklahoma.
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