13 Best “We Buy Houses for Cash” Companies Reviews

✍️ Editor’s Note: Houzeo.com is America’s most advanced home selling platform. Sellers listed $3.5 billion worth of properties on Houzeo.com in 2021. A big percentage of offers were cash offers. This guide compares all cash selling options for home sellers based on our research and experience listing thousands of properties.

U.S. home prices surged 17% in 2021. Housing inventory has never been lower. Investors and iBuyers alike are hunting for deals, so it is easier than ever to get cash offers.

» In this guide, we’ll cover:

Key Takeaways

  • There are 4 types of cash buyers: Retail Buyers, iBuyers, Local Cash Buyers, and National Investors. Retail buyers will almost always pay more.
  • An MLS listing will get you maximum exposure to all cash buyers – thus an MLS listing will likely fetch you the highest price and the best terms
  • iBuyers are available in select markets, and a sensible option if your home is in good condition.
  • Rentals and fixer-uppers should be marketed to local investors and cash buyers via the MLS.

» MORE: How to get maximum exposure by listing on the MLS by owner

What are the Types of Companies that Buy Houses for Cash?

There are 4 types of homebuyers who will pay cash for your property: Retail Buyers and Investors

  • Retail Cash Buyers: These are buyers who are looking to purchase your property as their primary home, or as a rental in a small portfolio. This is a fast-growing population. They typically have sold their property and have the cash to pay down, or are using one of the innovative new-age financing companies to pay the cash upfront like Knock or Flyhomes. These home buyers will typically pay the full Fair Market Value (FMV) of your property, and sometimes even more – if your property is very desirable.
  • iBuyers: iBuyers typically make cash offers, are flexible with your closing dates, and will flip the house after purchase.
  • Local Cash Buyers: They will typically pay cash, but only about 50% of your homes fair market value.
  • National Investors: These investors will typically pay cash, and hold the property as a rental.

How Do I Reach Companies that Buy Houses for Cash?

All cash buyers have certain criteria to determine the right investments for them. They also differ by how much cash they pay for a property.

#Type of Cash BuyerHow to Reach ThemHow Much Do They PayBest For
1.Retail Home BuyersList on MLS100% to 110% of Fair Market ValueAlmost every home seller including those who have tight timelines have financial issues, have inherited property, are selling a rental property, or have a property in poor condition.

✍️ Pro Tip: Get listed on the MLS fast to know the fair market value of your property
2.iBuyersList on MLS, iBuyer Websites80% to 95% of Fair Market ValueHome sellers who need cash fast and their properties don’t need significant repairs.
3.Local Cash InvestorsList on MLS, Contact Directly50% to 80% of Fair Market ValueHome sellers with distressed properties need major repairs.
4.National InvestorsList on MLS60% to 100% of Fair Market ValueAll home sellers, except those with distressed properties needing major repair.

As you might have noticed from the table above, the MLS is the best way to reach cash buyers. So much so, that real estate wholesalers will get a property under contract and list it on the MLS for a far higher amount. If wholesalers can make a tidy profit leveraging the power of the MLS, so can you.

» Fact: Houzeo home sellers have gotten offers from all types of cash buyers including iBuyers like Opendoor

13 Best We Buy Houses for Cash Companies

1. Houzeo.com

🥇 BEST OVERALL

Houzeo

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  • Fastest MLS Listing Service
  • Most Exposure to Cash Buyers
  • Possibly Most Cash on Best Terms
Houzeo is the most popular platform for sellers looking for companies that buy homes for cash. Houzeo lets you access the power of the MLS for a small flat-fee.

MLS listings get syndicated on Zillow, Realtor.com, Trulia, Redfin.com and hundreds of other websites. Listing your home on the MLS will allow you to target all companies that buy homes for cash – local and national. More exposure means more competition and highest cash selling price.

Houzeo also offers superb technology giving you full control of your listing. And if you run into any issues, Houzeo’s 5-star customer service team is available to help.

Best For: All sellers. Without the MLS, you lose the chance to tap the open market. It can cost you thousands.

»LIST NOW: Start your free listing on Houzeo.com today!
Pros
  • Maximum MLS exposure to local cash buyers
  • 100% automated process on the web and the new Houzeo mobile app
  • Quick listing – Listed within 8 business hours with Houzeo Concierge
  • Offers sent directly to you
  • Risk-free. Cancel anytime

Houzeo has a 4.9 out of 5 rating (1,637 total reviews) on popular review sites like Google Reviews and Trustpilot

Houzeo is available nationwide.

Introducing the Houzeo Mobile App!

  • View your listing
  • Review and compare offers
  • Counter an offer
  • NEW! Buyers can now search your property and save it in “Favorites”
Start Your FREE Listing NOW!

2. Opendoor.com

BIGGEST iBUYER

Opendoor

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  • 5% service fee
  • Available in 40+ cities
  • Close in 14 days

In 2022, Opendoor is the best instant Buyer (iBuyer), offering instant cash offers on homes. If you’re seeking a quick and easy transaction, selling to an iBuyer is a great option. Opendoor is a real estate investment firm that buys properties for cash and resells them on the open market.

Opendoor is the largest iBuyer in the country, with a presence in 45 markets. Opendoor charges a 5% service fee, plus deductions for repairs and closing fees, for a quick sale.

Simply provide your address, a photo of your home, and some basic information about the size and status of your property on Opendoor’s website to seek an offer. Your home will be evaluated by Opendoor.

If your property meets their criteria, they’ll make you an offer based on their home pricing formula and feedback from area experts. Opendoor often delivers their offer within 24 hours.

Best For: Sellers whose property doesn’t need much repairs and are in Opendoor’s coverage.

»LEARN MORE: Opendoor Reviews: Everything You NEED to Know Before Selling to Opendoor

Pros
  • Free, no-obligation offer
  • Close in as little as 14 days, or longer if you need it
  • Available in 45 markets and continuing to expand

Cons
  • No control over repair costs
  • The company has no standards to govern how transactions are conducted.
  • Strict criteria for purchasing homes (no structural damage, no homes pre-1930, etc.)

Customer reviews of Opendoor are mostly positive, with an average rating of 4.3 across 2346 reviews.

Opendoor is currently available in 45 major markets in AL, AZ, CA, CO, FL, GA, ID, IN, MN, MO, NV, NC, OH, OK, OR, SC, SD, TN, TX, UT, VA.

3. We Buy Ugly Houses

NATIONAL COVERAGE

We Buy Ugly Houses

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  • Offer in 24-48 hours
  • Close in 3 weeks
  • No closing costs

We buy ugly houses been in the business for the last 20 years, their business model, prestige, and process for buying homes are well established.

However, they operate on a franchise basis which means that the quality of service you may receive will be depending upon your location.

We buy ugly houses offers a quick close, as soon as three weeks but an individual must not expect a great return as they offer a far less return than the fair market value.

Best For: Homesellers looking for a quick close with great experience.

»LEARN MORE: We Buy Ugly Houses Reviews: Should You Sell Them Your Ugly House?

Pros
  • Get an offer in 24 to 48 hours
  • Close in as little as three weeks
  • No need to prep home for listing or worry about repairs

Cons
  • Pays less than what sellers could net on the open market
  • Quality of service varies between franchises

We Buy Ugly Houses has 2.5 out of 5 rating on popular websites.

We Buy Ugly Houses has over 800 franchises across 46 states.

4. Offerpad

FAST CLOSING

Offerpad

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  • 5% service fee
  • Close in just 10 days
  • High repair costs

With their simple method, Offerpad makes it easier for homeowners to sell their houses quickly. Some Offerpad reviewers have stated that they were able to close their house sale in as little as 10 days, which is very impressive in the real estate industry.

Offerpad is an iBuyer, a real estate firm backed by cutting-edge technology, extensive data analytics, and a team of knowledgeable in-house market specialists.

When you contact Offerpad to sell your home, their specialized team of real estate specialists inspects your home and, utilizing their experience-backed knowledge,

Offerpad’s patented evaluation and predictive market analysis technologies, come up with an “offer price” for your property.

Best For: Homesellers looking for fast cash offers and quick closing.

»LEARN MORE: A Complete Guide to Offerpad: Reviews, Pros, Cons, Locations, Fees, and Stats.

Pros
  • Close in just 10 days.
  • No need to repair or prep home
  • Extended stay option for home sellers

Cons
  • Customers report high repair costs that reduced their final offer dramatically
  • Closing costs and service fees add up to over 10%, in some cases

Offerpad has 4.7 out of 5 rating on TrustPilot with 161 reviews.

Offerpad is available in metro areas across .

5. We Buy Houses

FASTEST CLOSING

We Buy Houses

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  • Offer in 24
    -48 hours
  • Close in 3 weeks
  • No closing
    costs

Working with We Buy Houses is more likely to be working with a local private real estate investor. They vet all of their investors and grant them access to operate in their territory.

Therefore, investors who use the brand name get an incentive to work hard and maintain their advantage.

We Buy Houses reviews tell a lot about their quick and easy selling process. Originally, a cash home buyer company is now present in over 30 states in the U.S.

Best For: Homesellers looking forward to work with a local private real estate investor.

Pros
  • Get an offer in 24 to 48 hours
  • Carefully vetted real estate investors.
  • Close in just seven days.

Cons
  • Little to no room for negotiation once an offer has been made.
  • Pays less than fair market value for homes.

No credible ratings found.

We Buy Houses has over 2,7000 offices across 49 states.

6. MarketPro HomeBuyers

FLEXIBLE CLOSING

MarketPro HomeBuyers

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  • Fast closing times
  • Limited regional availability
  • Free moving service

If you do not mind leaving some money on the table and need to sell your home fast. Then, MarketPro might be an option for you. They operate in a handful of states.

Moreover, their offers are innately misleading. They promise to just deduct 10% from the price you would get on the open market but they deduct the same percentage from what they estimate your net profit would be.

This calculation makes their service seem like a better deal than it actually is.

Best For: Homesellers who don’t mind spending some extra money on the table to sell their home fast.

Pros
  • Free moving service
  • No need to make repairs before selling
  • Close in as little as seven days

Cons
  • Only available in a handful of states
  • They pay 10% less than what they estimate you’d net after all of your costs selling on the open market

MarketPro HomeBuyers has a 4.2 out of 5 rating on Google.

MarketPro HomeBuyers operates in Virginia, Pennsylvania, Maryland, and Washington, D.C.

7. I Buy Houses

CASH BUYER NETWORK

I Buy Houses

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  • No guaranteed offer
  • National network of investors
  • Free moving service

I Buy Houses has a diverse set of connections, whenever you submit your information on their website, they sell those leads to a bunch of real estate agents and investors.

There’s always uncertainty that will you be ever contacted. In case, you want to sell your home fast then this might be a problem.

Moreover, they do not have any particular criteria for investors who want to join their network. So, home sellers who are contacted by an investor must follow their diligence.

Best For: Homesellers looking forward to interact with national network of investors.

Pros
  • Gives home sellers an opportunity to connect with local real estate investors

Cons
  • I Buy Houses does not vet investors. Anyone can pay the subscription fee and sign up.
  • The company has no standards to govern how transactions are conducted.
  • There’s no guarantee that you’ll be contacted, or that you’ll receive an offer.

I Buy Houses has a 4.2 out of 5 rating on Google.

IBuyHouses.com has over 6,000 subscribers across all 50 states.

8. RedfinNow

AS-IS IBUYER

RedfinNow

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  • Fees from 5-13%
  • Close in 10 days
  • Buys vacant or owner-occupied houses

Unlike most iBuyers, RedfinNow can provide home sellers in a selective market with a fast and predictable sale. They also buy vacant homes, which could be good news for sellers in difficult situations.

RedfinNow is an iBuyer that buys houses, allowing homeowners to sell without having to market their house for sale. It buys residences in about 20 metro areas that meet specific conditions. After accepting a Redfin cash offer, sellers can choose a closing date between 10 and 90 days.

However, they do charge high service fees and additional closing costs.

Best For:Homesellers looking for a selective market with a fast and predictable sale.

Pros
  • Purchases homes as is, with broder eligibilty criteria than most iBuyers
  • Flexible closing window of 10-90 days

Cons
  • Fees can be as high as 13%
  • No home trade-in incentive
  • No late checkout option

RedfinNow has an average rating of 3.1 out of 5 rating on TrustPilot.

RedfinNow is available in 22 metro areas across AL, AZ, CO, FL, GA, IN, KS, MO, NV, NC, OH, SC, TN, TX.

9. Zillow Offers

NO LONGER AVAILABLE

Zillow Offers

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  • Service fees can be as high as 9%
  • Close in just 7 days
  • Up to 90 day closing window

Zillow Offers has been permanently shut down as of November 2, 2021.

Pros
  • Flexible closing window (7-90 days)
  • Cash offer in just two days
  • Dedicated Zillow Offers advisor for every customer

Cons
  • High fees — up to 13% of the total sale price
  • Strict home eligibility criteria
  • Little to no opportunity to negotiate on price

As of January 6, 2022, Zillow Offers does not have any verified customer reviews on reputable third-party review sites.

Zillow Offers has been permanently shut down as of November 2, 2021.

10. Knock

TRADE IN

Knock

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  • 1.25% fee to trade your home
  • Flexible timeline up to 6 months
  • $25,000 cash advance

Knock uses a trade-in concept instead of selling or buying homes directly, allowing sellers to combine their transactions into one simple process. Knock underwrites the purchase of your new house and then assists you with listing and selling your old one.

Knock Real Estate ensures that they will assist you in finding the home of your dreams before you have to sell your current one, and you will not have to worry about juggling two mortgages or dealing with closing time issues.

Best For: Homesellers struggling with timing the sale of an old home to purchase a new one.

Pros
  • Make a non-contingent offer to buy your next home
  • $25,000 interest-free cash advance
  • Avoid paying two mortgages at once

Cons
  • Doesn’t work with owners of distressed properties
  • Old mortgage must be repaid after closing

Knock’s average customer rating is 4.8/5 based by 719 reviews on Zillow.

Knock is currently available in 50 metro areas across 10 states: AZ, CA, CO, FL, GA, MN, NC, SC, TN, and TX.

11. Orchard

TRADE IN

Orchard

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  • 6% service fee
  • Backup offer from Orchard
  • Full listing service

If you want a fast, predictable sale, and a traditional iBuyer then Orchard is a better option for you. They make it a lot easier to finance the purchase of a new home before selling the old one.

With Buy & List, the company can offer a more typical selling experience at a discount, and with Offer Boost, it can even convert clients into cash purchasers, making bids more competitive.

Best For: Homesellers looking for a traditional iBuyer, fast and predictable sale.

Pros
  • Leverage the equity in your current home to buy a new home
  • Avoid paying two mortgages at once
  • Sell directly to Orchard if you can’t sell on the open market

Cons
  • Only available to customers in four states
  • High fees — 6% service fee plus closing costs and repayment or old mortgage

Orchad has an average rating of 4.3 out 5 on TrustPilot.

Orchard is currently available to home buyers and sellers in 11 metro areas across five states: CO, GA, NC, TX, and VA.

12. Sundae

INVESTOR MARKETPLACE

Sundae

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  • Compare cash offers
  • Designed for distressed properties
  • Fast closing with no service fees

Despite the fact that you’ll receive a cash offer for your property, Sundae isn’t your typical “we buy houses for cash” company. They will not be the ones to give you money in exchange for your home.

It’s a real estate marketplace instead. Sundae connects home sellers with qualified local investors through its website. Sundae only buys houses in a few select markets.

Though, cash offers will always be lower than the offers from the open market.

Best For: Homesellers looking for unique marketplace where pre-vetted investors can bid on your property.

Pros
  • Work with pre-vetted investors.
  • Receive multiple offers.
  • Skip repairs.
  • Get a cash advance.

Cons
  • Offers may be less than fair market value.
  • Eligible locations are limited.

Sundae has an average rating of 4.3 out 5 on BBB.

Sundae mainly operates in California — specifically in Los Angeles, Orange, San Bernardino, Riverside, and San Diego counties, as well as the Sacramento metropolitan area. The company is continuing to expand into new locations, most recently the Tampa, FL, and Atlanta, GA, metro areas.

13. 1-800-CashOffer

NATIONWIDE COVERAGE

1-800-CashOffer

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  • Covers all 50 states
  • Designed for distressed properties
  • Fast closing with no service fees

1-800-CashOffer operates in all 50 states, their network of buyers is composed of seasoned professionals, not amateur flippers.

They make the process simpler by reviewing the information provided by you, comparing it to local listings, and letting you know.

You’ll get a cash offer via telephonic conversation or a visit. If you decide to accept the offer, then you can schedule a closing at your earliest.

Best For: Homesellers who don’t wish to make any upgrades or repairs and cover a nationwide presence.

Pros
  • 1-800-CashOffer operates in all 50 states
  • Receive multiple offers.
  • Skip repairs

Cons
  • Offers may be less than fair market value.

1-800-CashOffer has a rating of 5 out 5 on Google.

1-800-CashOffer operates in all 50 states

💰All of the savings, none of the compromises.

Our friends at Houzeo pre-negotiate low listing fees with top-rated agents from trusted brokers. You’ll save thousands in realtor fees and get full-service support.
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Companies That Buy Houses for Cash – Pros & Cons

Pros of Selling a Home For Cash

Selling your home for cash has some impressive pros, let’s look into them together.

1- Instant Closing

Companies that buy houses for cash move speedily as compared to others. The reason is simple, you need not wait for any mortgage to be approved nor for any paperwork to be completed.

Many companies do provide a one-month closing guarantee or even go up to two weeks. According to some recent stats, in march 2021, the average time required to close a deal with a traditional buyer was 52 days.

2- Seamless Process

It’s way easier than the traditional process, all you need to do is log on to their respective website and fill out the required details. Certainly, you’ll get a quick offer for your property.

3- Upfront Expenses

To be precise, an upfront expense is the amount of money paid in advance. Required repairs, curb appeal, upgrading furniture, and staging are some elite expenses that you need to invest to get a top-dollar deal for your home.

Companies that buy houses for cash will acquire your home as it is, and you have not to spend money beforehand.

🖋️ Important Note – Some companies might send an appraiser afterward, and deduct the price of major repairs from their offer.

4- Assurance

Companies that buy houses for cash do not rely on uncertainty. In case of emergence, you won’t have to worry about the sale failing.

Cons of Selling a Home For Cash

By obvious, some drawbacks need your attention.

1- Less Selling Price

Don’t be surprised, if you see an offer of only 50% – 70% of your home’s actual value.

“We buy houses for cash” companies prefer proprietary algorithms to define your home’s value rather than market trends or CMA reports.

Generally, cash buyers are investors who want to upscale their profit by reselling it as soon as possible. They always want to make sure it’s worth their effort. Hence, they keep their offers low.

2- Non Negotiable

Companies that buy houses for cash, do not waste their time on one seller. It’s either you have to take it or leave it.

3- High Fees

Consider this fact, selling your house traditionally can cost up to 6%. If you think selling a house to companies that buy houses for cash will save you money, then you’re likely to be disappointed.

For Instance, Redfin Now and Zillow Offers are now, “We buy houses for cash” companies. Redfin’s fees range between 6% to 12% while Zillow’s fees go up to 9% of the sales price.

4- Pay for Repairs

Another essential point that you must look at while selling a home for cash is the cost of repairs asked by the company.

Of course, no two “we buy houses for cash” companies are identical but if they’re looking to score a hefty profit, they’ll ask you to cover the cost of repairs.

How Do Companies That Buy Houses For Cash Work?

“We buy houses for cash” companies often buy these properties at a way lower than the market price. Generally, they implement any necessary repairs and then resell them for a profit.

To have a better understanding, let us look into the workflow.

STEP 1- Fill out required details about your house

Most companies prefer to collect basic information about the house through an online form or over the phone. As soon as the evaluation ends, you will receive an early estimate of cash offers.

STEP 2- Complete the Inspection

An onsite inspection is necessary, a third-party inspector or a local representative from the company will complete the onsite inspection. If there will be any necessary repairs required then your final offer will be adjusted accordingly.

STEP 3- Accept the final offer

If an offer meets your ideal requirements, then you just have to accept the company’s final offer, sign a purchase agreement, and schedule closing.

STEP 4- Close on your schedule

“We buy houses for cash” companies can pace up the process and provide more flexibility on timing. You even don’t have to wait for a bank to subscribe to a mortgage. In some cases, you may be able to close just within ten days.

How Much Do Cash Buyers Pay?

Wondering about how much do cash buyers pay? Well, if you’re selling a home for cash then practically you should not expect to get the ideal market value for your home.

Companies that buy houses for cash often use the 70% rule. That means, they’ll pay no more than 70% of your home’s market value. Moreover, sometimes there are repairs too. Cash buyer companies deduct these overhead expenses.

✍️  Formula – Ideal Market Value of Your House x 70% Offered by a cash buyer – Repairs Costs

Let’s take an instance,

Let’s say, your house costs around $300,000 according to fair market value, but requires about $25,000 in repairs. Then, you should expect a cash offer of only $185,000.

If you have a capital of $25,000 to incur in repairs, you can hold out and list your home with a licensed real estate agent. There’s another option of an open market where you can find a deal of as much or more than your home’s current market value.

Remember– You’ll need to pay commission and closing costs if you opt for an open market.

Some cash buyers intend to pay even less than 70% of your home’s value after repairs. You usually receive cash offers with no obligations, so we recommend listing with multiple companies.

How Much are iBuyer Fees?

OfferPad, Opendoor, and Zillow Offers are some great examples for iBuyers, they pay more than traditional companies that buy houses for cash.

As high as 98% of fair market value.

iBuyer fees highly depend upon your property’s condition and location.

Should I Really Sell for Cash?

Yes! Only 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.

🤔Moving to the next step!


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Frequently Asked Questions

What is the best company that buys houses?

Houzeo is the most popular platform for sellers looking for companies that buy homes for cash. Houzeo lets you access the power of the MLS for a small flat-fee.

MLS listings get syndicated on Zillow, Realtor.com, Trulia, Redfin.com and hundreds of other websites. Listing your home on the MLS will allow you to target all companies that buy homes for cash – local and national. More exposure means more competition and highest cash selling price.

Houzeo also offers superb technology giving you full control of your listing. And if you run into any issues, Houzeo’s 5-star customer service team is available to help.

How do you sell a house to a cash buyer?

Generally, you have to submit your valuable information through an online portal or via telephonic conversation. Next, you have to schedule an inspection and get a final cash offer. Once you decide to accept the offer, you can usually set a closing date by your choice.

Are "we buy houses for cash" companies legit?

Yes! Companies that buy houses for cash are legit. Many prestigious companies do buy houses for cash. That doesn't mean you do not conduct your individual research. Make sure, you thoroughly research it first by checking it's rating and customer's reviews.

How long does a cash sale on a house take?

Approximately, 10-30 days. It depends on the buyer and the specific situation.

How do I sell my house "as is"?

If you want to sell your house "as is", you must clearly mention in your listing that you are not willing to make any repairs. This is as simple as putting "as is" in the description of your home in your MLS listing.

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