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10 min read Mar 01, 2024

10 Best Companies That Buy Houses for Cash in 2024

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Edited By

Carol Coutinho

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Editor
Edited By

Carol Coutinho

Editor, Houzeo
About

Carol is a versatile content editor and writer, crafting riveting narratives with precision and finesse. When not reading a novel, she is immersed in the enthralling world of the theater.

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2024 continues to be a bumpy ride with increasing home prices and declining home sales. But out of the 284,121 homes that sold last month, most of the transactions were all-cash. Cash is still king in the US housing market.

Getting a cash offer is easy, but getting top dollar is not. If you get a cash offer from a single cash home buyer, they will lowball you. That’s why you need to get cash offers from multiple local and national cash buyers. But how do you do that?

Answer: List on a Cash Marketplace! When you list on a cash buyer marketplace like Houzeo.com, your listing is syndicated to hundreds of real estate websites. So, you market your property to local and national cash home buyers looking for homes for sale.

Companies that buy houses for cash offer instant cash for homes. But, it may not always be the best cash bid for your home.

Some cash companies may get you 100% of your property’s fair market value, while others may offer as low as 50%. We’ve reviewed and ranked the 7 best cash home buyers in the U.S.

10 Best Companies That Buy Houses for Cash

1. Houzeo.com: America’s Most Advanced Cash Buyer Marketplace

Max Exposure to Cash Buyers

Houzeo

Houzeo Logo
  • Service Fee: $399 Listing Fee
  • Available in 80+ U.S. Markets
  • 5 Stars 4.9/5 (7,800+ 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.

  • Fee: Houzeo does not charge a 5% service fee or any undisclosed closing fee
    • $399: MLS Listing: 6-Months, 24 photos
    • $399+0.5% at Close: Maximum Photos, Premium Yard Sign
    • $429+0.5% at Close: Pricing Assistance, Contract Review, Real Estate Forms, Licensed Broker Assistance
    • $449+1% at Close: Virtual Full-Service with Licensed Broker, Offer Negotiations
  • 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 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.

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 bids on your house. This increased number of offers can help you get up to 100% of your home’s value.

2. Opendoor

BIGGEST IBUYER

Opendoor

Opendoor Logo
  • Service Fee: 5%
  • 📍 Coverage: 45 markets
  • Opendoor has 4.4 stars out of 5 4.4/5 (3,250+ reviews)

Opendoor is the country’s biggest iBuyer. They offer fast cash for homes with flexible closing timelines.

  • Service Fee: 5% of Home Sale Price.
  • Typical Offer: 70% to 80% of your property’s fair market value (FMV).
  • 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, inherited properties, or homes with tenants do not qualify for Opendoor’s cash offer.
  • Closing Offer Terms: Opendoor lets you close at your pace, up to 45 days out. The final offer terms may change after the home inspection.

» Opendoor Reviews: Why Opendoor will Pay Much Less than Fair Market Value in 2023?

  • Broad Coverage: Opendoor pays cash for houses in 51 markets– including Boston, Albuquerque, San Francisco, and San Jose.
  • Flexible Closing Dates: Opendoor gives you the ability to close at your convenience up to 45 days out.
  • Late Checkout Upto 14 Days: Opendoor allows sellers to close on their homes, receive sale proceeds, and temporarily rent their homes.
  • No Cancellation Fees: You can cancel the contract without any cancellation fee.
  • No Upfront Costs: When you sell to Opendoor, you skip the traditional home selling process. No need to fix, repair or stage the property!

» Opendoor complaints: Click here to learn about the pros and cons of them.

  • Lowball Cash Offer: Opendoor’s final cash offer may be below the property’s fair market value, around 70%. They also deduct repair and closing costs.
  • Hefty Service Fees: Opendoor revises the final cash offer based on the inspection report. The service fees may increase from 5%. The repair cost breakdown is not disclosed in the closing statement.
  • Opendoor May Back Out of the Deal: Some homeowners have had a bad experience with Opendoor. Opendoor backed out of the cash deal at the last minute, leaving the homeowner stranded.
  • Undisclosed Repair Cost Breakdown: The difference between Opendoor’s preliminary offer vs. final offer can be humongous. In many cases, sellers were forced to pay for unnecessary “repairs.”
  • 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 Complaints: Check out the common complaints of Opendoor.

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

» Opendoor vs. Houzeo: Which should be your first choice?

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. HomeVestors

NATIONAL CASH BUYER

HomeVestors

Logo - HomeVestors
  • Service Fee: None
  • Closing in 3 weeks
  • 4.5stars 4.5/5 (35+ reviews)

HomeVestors is a nationwide network of real estate investors operated independently. This cash home buyer company is the parent brand of We Buy Ugly Houses.

  • Service Fee: None.
  • Typical Offer: 50% to 70% of Fair Market Value (FMV).
  • Eligible Properties: Distressed properties with foundational issues, houses of couples going through a divorce, homes with bad mortgages, inherited homes, properties in high-crime neighborhoods, etc.
  • Closing Offer Terms: HomeVestors provides a flexible closing date, up to 30 days out. Offer terms are inflexible and depend on your region’s local real estate investor.

👉 Our Take: This cash buyer company is best for home sellers looking to quickly unload an extremely distressed house.

  • Fast Cash for Distressed Homes: HomeVestor investors make fast cash offers, regardless of the property’s condition. The initial offer is based on comparable properties in the area and housing market trends.
  • Zero Service Fees: Home Vestors doesn’t charge any service fee when you sell your property for cash.
  • Zero Upfront Costs: When selling to HomeVestors.Com, you don’t need to prep the home or worry about repairs. There is no listing paperwork or need for photography!
  • Flexible Closing: You can choose a flexible closing schedule when you sell to HomeVestors, the ‘Home buyers of America.’
  • Near Nationwide Coverage: HomeVestors has 800 independently owned franchisee offices in 45 states.

» How much does Homevestors pay for houses? click here to know more about the price.

  • Lowball Cash Offer: HomeVestors pays less than what sellers could gain on the open market. The cash offer is ~50% to 70% of the property’s FMV.
  • HomeVestors.com is Not 100% Online: Home Vestors has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. They don’t even have a mobile app.
  • Inconsistent Quality of Service: When you sell to HomeVestors, you sell your house to a local investor. The service quality will differ based on that investor’s franchisee.

» How Does HomeVestors Work? Why HomeVestors is not the best traditional cash buyer in 2023?

HomeVestors has 1.5 out of 5 stars with 38 reviews on Better Business Bureau. HomeVestor’s Dallas office has a 4.5 out of 5 stars, with 30 reviews on Google.

HomeVestors is the biggest cash home buyer franchisor in the U.S., with over 800 offices nationwide. The company also owns the “We Buy Ugly Houses” brand. Each HomeVestors office is independently owned and operated by a local investor.

4. Offerpad

QUICK CLOSING

Offerpad

Offerpad-Logo
  • Service Fee: 6%
  • Close in 10 days
  • 3 Stars3.2/5 (180+ reviews)

Offerpad has the fastest closing among iBuyers. Based on housing market trends, their patented evaluation tool will generate an initial offer for your home.

They also have a “List on MLS” package where an Offerpad representative will list your property on the open market.

  • Service Fee: 6% of the home sale price.
  • Typical Offer: 70% to 80% of Fair Market Value (FMV).
  • Eligible Properties: Offerpad offers cash for houses built after 1960, with a maximum lot size of 1 acre and a max valuation of up to 1M. Homes with significant foundational issues or rundown properties are not eligible. Check this out to know more about Offerpad criteria.
  • Closing Offer Terms: When you sell to Offerpad, you can close as early as 8 days. The initial offer terms may change after the inspection of your house.
  • Lightning Fast Closing: With Offerpad’s cash-for-house offer, you can close your property in eight days.
  • No Need to Fix the Property: When you sell your house for cash, you don’t incur upfront costs to fix, prepare or stage the house.
  • Extended Checkout: Long-term stay option for house sellers who want to push their closing date after acceptance.
  • Broad Coverage: Offerpad buys houses for cash in 27 markets- Birmingham, Phoenix, Denver, Fort Collins, Fort Myers, Jacksonville, Atlanta, Kansas City, etc.

» What is Offerpad? Here’s everything you need to know about them.

  • Lowball Cash Offer: Offerpad produces two offers- initial and final. The difference between the two cash offers can be quite high. Once, a home seller was offered $189,000 but received a lowball offer of $149,000 post Offerpad’s home inspection.
  • High Service Fees: The Offerpad cash offer is readjusted based on repairs identified by the home inspector. The service fees can go up to 13% of the home sale price.
  • Offerpad Cancellation Fee – 1%: If you are only 4 days away from your closing date and you decide not to accept Offerpad’s cash offer, Offerpad charges a cancellation fee of 1% of the home sale price.
  • Inflated Repair Costs: Offerpad’s final cash offer is calculated after deducting home repair and seller closing costs. The difference between Offerpad’s initial offer and the final offer is huge.

Offerpad has a 3.2 out of 5-star rating on TrustPilot.

» Offerpad Review: Check out customer reviews of Offerpad.

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.

5. We Buy Houses

QUICK AND EASY SALES

We Buy Houses

Logo - We Buy Houses
  • Service Fee: None
  • Closing in 3 weeks
  • 2.6 Stars  2.33/5 ( 5+ reviews)

WeBuyHouses.com is a pre-vetted real estate investor network. We Buy Houses “thoroughly” vet their investors before authorizing them to operate independent offices in their respective jurisdictions.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Distressed properties with structural issues, relocation of the homeowner, couples going through a divorce, a death in the family, flawed mortgage financing, inherited homes, high-crime neighborhoods, etc.
  • Closing Offer Terms: We Buy Houses provides a flexible closing date, up to 60 days out. Offer terms are inflexible.

👉 Our Take: We Buy Houses operates on a franchise model, so the quality of service may differ. You should check the reviews of their local franchise before requesting cash for your home.

  • Fast Cash Offers for Houses: You will typically receive WeBuyHouses.com’s initial cash offer within two days.
  • Zero Service Fees: WeBuyHouses doesn’t charge any service fee in exchange for the convenience of selling your home for cash
  • Fast Closing: We Buy Houses.com will close in just seven days after you accept their cash offer.
  • Firm Cash Offer: We Buy Houses Com’s cash offer is usually in line with the preliminary cash offer unless the inspector identifies major flaws during the home inspection.
  • Broad Coverage: We Buy Houses makes cash offers on properties in 200 markets in over 30 states. WeBuyHouses com has 2,700 offices nationwide.
  • Zero Upfront Expenses: When selling to WeBuyHouses Com, you don’t need to prep the home or worry about repairs.

» What is “We Buy Houses”? To know more about them check this out.

  • Lowball Cash Offer: We Buy Houses investors may put in lowball cash offers around 50% to 70% of the fair market value. This is lower than what you can get on the open market.
  • WeBuyHouses.com is Not 100% Online: WeBuyHouses has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. We Buy Houses does not offer a mobile app.
  • Non-Negotiable Cash Offers: A ‘We Buy Houses’ investor may not offer more than 70% of your property’s fair market value. Even if your property isn’t distressed, they will rarely budge on the offer price.
  • Inconsistent Quality of Service: When you sell to a cash buyer franchise like WBH, you sell your house to a local real estate investor. The service quality will differ based on the independent investor you are dealing with.

» WeBuyHouses.com vs. Houzeo: Learn why Houzeo is better than “We Buy Houses”.

We Buy Houses has 2.33 stars out of 5 on Better Business Bureau from 5+ customer reviews.

» webuyhouses.com reviews: Check this out to know more about them.

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. We Buy Ugly Houses

NATIONWIDE COVERAGE

We Buy Ugly Houses

We Buy Ugly Houses
  • Service Fee: None
  • Closing in 3 weeks
  • 2.5 Stars 2.3/5 (45+ reviews)

We Buy Ugly Houses is a 20-year-old cash home buyer franchise. Independent real estate investors own and run each franchisee office. The parent company trains the franchisee but doesn’t micromanage their cash home-buying preferences. The brand, We Buy Ugly Houses is owned by HomeVestors.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Ugly homes with structural issues, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Offer Terms: WeBuyUglyHouses provides a flexible closing date, up to 30 days out. Offer terms are subject to change based on the local franchisee office.

👉 Our Take: We Buy Ugly Houses is best for sellers who want to unload their distressed houses quickly. You shouldn’t expect more than 70% of your property’s market value.

  • Fast Cash Offers for Homes: WeBuyUglyHouses.com will share a preliminary cash offer for your property in 24 to 48 business hours.
  • Zero Service Fees: WeBuy Ugly Houses doesn’t charge any service fee in exchange for the convenience of selling your home for cash.
  • Fast Closing: We Buy Ugly Houses.com will close in just seven days after you accept their cash offer.
  • Firm Cash Offer: We Buy Ugly House’s cash offer is usually in line with the preliminary cash offer unless the inspector identifies major flaws during the home inspection.
  • Wide Coverage: We Buy Ugly Houses offers cash for homes in 1,100 locations across 45 states.

» We Buy Ugly Houses Review: How does WeBuyUglyHouses.com calculate your cash offer?

In our research, we found some We Buy Ugly Houses drawbacks.

  • Lowball Cash Offer: We Buy Ugly Houses pays less than what sellers could get on the open market. The cash offer is around 50% to 70% of the property’s fair market value.
  • WeBuyUgly Houses.com is Not 100% Online: We Buy Ugly has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. They don’t even have a mobile app.
  • Non-Negotiable Cash Offers: We Buy Ugly Houses will not offer more than 70% of your property’s fair market value. They rarely increase the price quoted in the initial cash offer.
  • Inconsistent Quality of Service: When you work with house buyers like WeBuy UglyHouses, you sell your house to a local real estate investor. The service quality will differ based on the independent investor you are dealing with.

We Buy Ugly Houses has 1.6 out of 5 stars with 9+ reviews on Yelp.

» We Buy Ugly Houses Complaints: Check what customers say about WeBuyUglyHouses.com.

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.

7. MarketPro Homebuyers

AS IS CASH WHOLESALER

MarketPro Homebuyers

MarketPro
  • Service Fee: None
  • Close in 3 weeks
  • 4 Stars 4.4/5 (420+ reviews)

MarketPro Homebuyers is one of the biggest cash home buyers on the East Coast, buying 25 houses monthly. Apart from being a home cash buyer, MarketPro Homebuyers is also a wholesaler.

  • Service Fee: None
  • Typical Offer: 30% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Houses that need extensive repairs, homes with probate or power of attorney issues, homes of couples going through a divorce, inherited properties, vacant homes, etc.
  • Closing Offer Terms: MarketPro Homebuyers provide a flexible closing date, up to 60 days out.

👉 Our Take: With MarketPro, there is a certainty of getting a cash offer because of Marketpro’s investor network. The cash offer may not be more than 70% of the home’s fair market value though.

  • Packing & Moving Assistance: Marketpro makes moving to a new house hassle-free with an in-house moving service.
  • No Renovation or Repair Costs: Marketpro.com purchases houses as-is. There is no need to renovate or repair before requesting a cash offer or after an offer has been made.
  • Fast Closing: The preliminary cash offer is sent within 24 to 48 hours. MarketProHomebuyers.com closes in as little as seven days.
  • No Transfer and Recordation Costs: When you sell to Marketpro, you don’t pay any closing costs.

» Is Marketpro homebuyers legit? Check this out to know more about them.

  • Marketpro Pays Below Market Value: Market Pro HomeBuyers prides itself on giving below-market-value cash offers. The cash offer will likely not be more than 70% of the fair market value.
  • Marketpro’s Invasive Sales Tactics: 73 out of 427 Google reviews are from consumers complaining about being on Marketpro’s Lead list. Even if you don’t request cash from Marketpro, once you are on this list, you will be spammed with mailers, emails, postcards, etc.
  • Limited Coverage: MarketPro Homebuyers buy real estate for cash in 21 markets across 5 states. You should consider other reputable cash home buyers if your property lies outside Marketpro’s coverage.

» MarketPro Homebuyers Coverage: Find the real estate markets where MarketPro offers cash.

MarketPro HomeBuyers has a rating of 4.4 out of 5 stars on Google with 420+ reviews.

MarketPro Homebuyers is a cash buyer that buys homes owners want to get rid of. They have over 300 reviews on Google. They make quick lowball cash offers within just 24-48 hours of your request.

8. Sundae Real Estate

PRE-VETTED INVESTOR NETWORK

Sundae Real Estate

Logo - Sundae
  • Service Fee: None
  • Best for distressed properties
  • 4 Stars 4/5 (110+ reviews)

Sundae Real Estate isn’t a typical “we buy houses for cash” company. It is a ‘cash investor marketplace’ where pre-qualified investors who buy homes can place bids.

After your house has been assessed by Sundae’s home inspectors, they will create a listing on Sundae.com. This listing is broadcasted to Sundae’s subscribers.

  • Service Fee: None
  • Typical Offer: 30% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Rundown homes that need too many repairs or expensive upgrades, homes with bad tenants, inherited properties, etc.
  • Closing Offer Terms: Sundae provides a flexible closing date, up to 60 days out. Offer terms are inflexible, but there is a possibility for negotiation.

👉 Our Take: No matter how distressed your property is, Sundae’s investors will make a cash offer. If you want to quickly unload a severely distressed property, listing on Sundae.com may help.

» Sundae Real Estate Reviews: Is it a cash investor marketplace in 2023?

  • Marketplace With Pre-Vetted Investors: Sundae Real Estate is a unique cash buyer marketplace. It has over 3,000 pre-vetted real estate investors. Sundae acts as the communication platform between the home seller and the home buyer till the property closes.
  • Multiple Cash Offers: Interested Sundae investors will make bids on your distressed house. If your home is appealing, it may attract multiple cash offers.
  • Cash Advance of Up To $10,000: Eligible home sellers can receive up to $10,000 through Sundae’s Cash Advance Program. Any funds you may receive through the Cash Advance are part of, and not in addition to, your sale proceeds. This is not available for tenant-occupied properties.
  • Zero Service Fees: Sundae Marketplace doesn’t charge any service fee.
  • No Upfront Costs: When selling with Sundae, you don’t have to invest in home staging companies to renovate or fix broken door frames. You can sell your house as-is.

» How does Sundae work? Check this out to learn more about them.

In our research, we came across some of Sundae Marketplace’s deal breakers.

  • Lowball Cash Offer: Sundae investors pay less than what sellers can get on the open market. The cash offer is around 50% to 70% of the property’s fair market value.
  • Sundae Marketplace is Available in 11 Markets ONLY: Sundae homebuyers make cash offers in limited locations- Atlanta, Dallas, Fort Worth, Houston, Inland Empire, Las Vegas, Oakland, Orange County, Los Angeles, Orange County, San Diego, and Seattle.
  • Non-Negotiable Cash Offers: Sundae.com homebuyers will not offer more than 70% of your property’s fair market value. You can try to negotiate if they overlooked something important, but Sundae investors will rarely budge on the price.
  • Home Selling Experience Depends on the Investor: When you sell to home buyers like Sundae, you sell your house to a local investor. Although Sundae is the communication platform throughout the offers stage to closing, the home selling experience may differ based on the investor you have chosen.

Sundae has an average rating of 4 out of 5 stars on the Better Business Bureau, with 110+ reviews, and 3.3 out of 5 on Google, with 7 reviews.

Sundae is ideal for distressed home sellers looking to offload properties as-is. No matter the home’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.

9. Orchard Homes

HOME TRADE IN

Orchard Real Estate

Logo - Orchard Homes
  • Service Fee: 6% to 13%
  • Backup offer from Orchard
  • Orchard Homes has 4.5 stars out of 5 4.4/5 (600+ reviews)

Orchard Homes (formerly Perch) is a real estate cash buyer that finances the purchase of your new home before you sell the current one. Orchard offers 2 packages:

1. Move First – 6% Service Fee + $2,900 Program Fee: This is Orchard’s classic home trade-in package. Orchard will make a non-contingent cash offer on your new house before you sell your old home. Orchard will list your old home on the MLS and help you sell it for top dollar.
2 List With Orchard – 5.5% to 6% Commission Fee: Orchard will list your home on the open market for a 12-month term. You can opt for Orchard’s backup cash offer so that you get equity even if your property doesn’t get any offer.

  • Service Fee: 6% to 13% of Home Sale Price
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Orchard offers cash for single-family homes built between 1920 – 2020 that are not currently listed on the market. The valuation must fall between $150K to $1M.
  • Closing Offer Terms: With Orchard Homes, you can close within 20 to 30 days. If you use Orchard Home Loans, their loans subsidiary, you won’t have to pay extra fees, which are 6 times more than a traditional money lender.

👉 Our Take: If you want to trade your current home while seeking the new one and don’t mind leaving some cash on the table, then you should consider Orchard Homes.

  • Hassle-free Home Trade-In and Financing: With Orchard’s Move First package, you can buy your next home even before you sell the current one. Orchard helps you leverage your property for equity, so you don’t need to look for mortgage lenders to finance your next home.
  • Orchard Makes Your Home Market-Ready: In both packages, Orchard’s home advisors support you in planning the sale of your current home. They even invest up to $1,000 for cleaning and staging to make the property “market-ready.”
  • You Can Sell Directly to Orchard: On the off-chance that your property doesn’t get an offer on the open market, you can sell to Orchard directly. As per the agreement you sign at the time of listing, Orchard includes a clause to buy your home if it doesn’t sell on the MLS.

»How Does Orchard Work? Read further to know Houzeo is better.

  • High Service Fees— 6% to 13%: The service fee plus closing costs and repayment expenses of the old mortgage are around 6% and may increase to 13%. The final home sale proceeds can be even lower than what you get when selling with a 6% commission realtor!
  • Orchard can Decrease Your Asking Price by 10%: When you opt for the ‘List with Orchard’ program, Orchard’s listing agent will list your home on the MLS. A clause in their agreement allows them to decrease the asking price by 10%, and that will decrease the home sale proceeds. Read the fine print before signing any agreement with Orchard.
  • Repair Estimates are Too Costly: Orchards’ repair estimate and renovation costs can be expensive, and this may drastically reduce the seller’s final profits.
  • Extremely Limited Coverage: Orchard only covers 6 markets – Atlanta, Austin, Dallas-Fort Worth, Denver, Houston, and San Antonio.
  • Low-Ball Cash Offers: Customers have complained about lowball cash offers and waiting for 30 days to receive the initial cash advance. If you need to sell your home quickly for cash, then such delays would feel like shooting oneself in the foot!

Orchard Real Estate has decent reviews with a rating of 4.4 out of 5 stars on TrustPilot.

» Orchard Review: Check out what customers are saying about Orchard Homes

Orchard is a home trade-in power buyer. They make homeownership affordable for sellers who don’t want to go through the hassle of getting a conventional mortgage.

They finance your next home while you sell the current one. Orchard’s 6% service fee can go up to 13%, reducing your earnings.

10. 1-800-CashOffer

NATIONAL COVERAGE

1-800-CashOffer

1-800-CashOffers Logo
  • Service Fee: None
  • Designed for distressed properties
  • 5 Stars 5/5 (3 reviews)

1-800-CashOffer has a network of cash buyers. This network includes seasoned professionals and real estate veterans, not amateur flippers.

The cash offer is calculated based on local market data. It is possible to get multiple cash offers for your house if it is in a desirable neighborhood.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: 1-800-CashOffer will make a cash offer in distressed, unfavorable locations as well as desirable neighborhoods.
  • Closing Offer Terms: 1-800-CashOffer provides a flexible closing timeline, up to 90 days out. The offer terms may be negotiable.

👉 Our Take: 1-800-CashOffer is best for home sellers who don’t wish to make any repairs and don’t mind selling their home at a lower rate.

  • Nationwide Coverage: 1-800-CashOffer offers cash for houses in all 50 states.
  • Multiple Cash Offers: If your home is in a desirable neighborhood, you could get multiple cash offers.
  • Zero Service Fees: 1-800-Cash doesn’t charge any service fee or closing costs.
  • No Upfront Costs: You don’t have to fix or spend dollars on renovation costs. You can request cash for your house in its existing consition.

» Pros and Cons of 1-800-CashOffer: Read further to know the advantages and disadvantages of 1-800-CashOffer.

 

  • Offers May be Less than Fair Market Value: 1800-Cash-Offer investors pay less than what you can get on the open market. The cash offer is typically ~50% to 70% of the property’s fair market value.
  • “Cash for Homes” Scams: This network is not pre-vetted; anyone can claim to be a cash investor. You could end up losing your home to we buy houses ripoff schemes if you aren’t careful. Never sign any document without consulting a real estate attorney.

1-800-CashOffer has 5 out of 5 stars on the Better Business Bureau.

» 1-800-CashOffer Reviews: Read our in-depth review on 1-800-CashOffer.

 

1-800-Cash Offer is one of the oldest cash home buyer networks in the U.S. You can call +1-800 toll-free to request cash for your property. These home cash buyers will only offer up to 70% of the home’s fair market value.

Bonus: Noteworthy Cash House Buyers

  • HomeLight Simple Sale: HomeLight Simple Sale offers cash for homes in almost any condition. Along with a no-fuss, competitive cash offer, the platform recommends its partner agents.
  • Flyhomes: Flyhomes is a power buyer and a home trade-in mortgage lender. They will buy your house for cash and help you finance the next home you want to buy.

Best Companies That Buy Houses for Cash Near Me

RegionStates/CitiesCompanies That Buy Houses For Cash Near Me
NortheastStatesConnecticut | Maine | Massachusetts | New Hampshire | New Jersey | New York | Pennsylvania | Rhode Island | Vermont
NortheastKey CitiesBoston, MA | Brooklyn, NY | Buffalo, NY | Long Island, NY | New York City, NY | Philadelphia, PA | Pittsburgh, PA | Rochester, NY | York, PA | Clayton, NY
MidwestStatesIllinois | Indiana | Iowa | Kansas | Michigan | Minnesota | Missouri | Nebraska | North Dakota | Ohio | South Dakota | Wisconsin
MidwestKey CitiesCincinnati, OH | Cleveland, OH | Columbus, OH | Detroit, MI | Indianapolis, IN | Kansas City, MO | Milwaukee, WI | Omaha, NE | Minneapolis, MN | Wayne County, MI | St. Louis, MO | Boulevard Heights, MO |
SouthStatesAlabama | Arkansas | Delaware | Florida | Georgia | Kentucky | Louisiana | Maryland | Mississippi | North Carolina | Oklahoma | South Carolina | Tennessee | Texas | Virginia | Washington, D.C | West Virginia
SouthKey CitiesAtlanta, GA | Asheville, NC | Baltimore, MD | Charlotte, NC | Charleston, SC | Columbia, SC | Dallas, TX | Fort Lauderdale, FL | Fort Myers, FL | Fort Worth, TX | Greensboro, NC | Greenville, SC | Houston, TX | Huntsville, AL|Killeen, TX | Knoxville, TN | Lexington, KY | Louisville, KY | Miami, FL | Nashville, TN | New Orleans, LA | Orlando, FL | Pasadena, TX | Raleigh, NC | Rockville, MD | San Antonio, TX | St. Augustine, FL | Tampa, FL | West Palm Beach, FL | Memphis, TN | Austin, TX | Norfolk, VA | Jacksonville, FL | Tallahassee, FL | Pensacola, FL | Sarasota, FL | Panama City, FL | Augusta, GA | Virginia Beach, VA | Clearwater, FL | Savannah, GA | Chattanooga, TN | Columbus, GA | Lawrenceville, GA | Winston-Salem, NC | Birmingham, AL | Jackson, MS | Biloxi, MS
WestStatesAlaska | Arizona | California | Colorado | Hawaii | Idaho | Montana | Nevada | New Mexico | Oregon | Utah | Washington | Wyoming
WestKey CitiesColorado Springs, CO | Denver, CO | Fresno, CA | Las Vegas, NV | Los Angeles, CA | Phoenix, AZ | Sacramento, CA | San Diego, CA | San Francisco, CA | Seattle, WA | Tucson, AZ | Portland, OR | Salt Lake City, UT | Orange County, CA | Roseville, CA | Ventura, CA | Lemon Grove, CA | Casitas Springs, CA | Bakersfield, CA

Are Companies That Buy Houses for Cash Legit?

Yes, companies that buy houses for cash are legitimate and operate legally nationwide. They will offer cash for your house then fix and flip it for a profit. These are companies that buy homes as is.

🚨 Cash for Houses Scams: Remember to inspect how the cash company operates before you sign any real estate contract. A legitimate home buyer will never ask you to pay upfront costs!

Types of Cash Companies That Buy Homes

Companies that buy homes for cash help you skip the hassle of marketing, home staging, etc. There are 4 types of cash home buyers:

  • “We Buy Houses for Cash” Companies: These “fix-and-flip” house buyers buy distressed properties, make repairs, and sell them on the open market. Cash home buyers pay 30% to 70% of the FMV and don’t have any service fees.
  • iBuyers: Such home-buying companies use proprietary algorithms to determine a cash offer for your house. In 2024, iBuyer’s cash offer for homes will range from ~70% to 80% of the fair market value.
  • Buy-and-Hold Cash Buyers: A buy-and-hold cash buyer will convert a distressed house into a rental property. They do not sell the upgraded property for a one-time profit and will enjoy a steady source of income.
  • Home Trade-In Services: They are house-flipping companies that will offer cash on your house to help you buy another property. They fund your next house while you sell your house for cash.

Companies that buy houses wait for potential gold (such as your home) to hit the market. An ‘as-is’ property with minimal repairs makes these companies a big profit.

How to Sell to Companies That Buy Houses for Cash?

Here’s how you can sell your house for cash to get an offer from a cash house buyer:

Share Your Property Details: Cash buyers will collect basic information like the location and condition of your property. You can submit your property details on their website.
Review the Preliminary Cash Offer: They will make an initial cash offer on your house after comparing similar properties in the area. Typically, they buy your house for 30% to 70% of your home’s fair market value.
Complete the Home Inspection: The house cash buyers will perform an inspection if you accept the initial offer. After adjusting repair expenses and holding costs, they will send a final offer.
Accept the Final Cash Offer and Close: If the company’s final cash offer for your house matches your expectations, then you can finalize the closing timeline.

» Sell My House Fast: Check out 5 ways to sell your house fast in 2024.

How Much Do “We Buy Houses for Cash” Companies Pay?

Cash buyers for homes offer substantially lower prices, equivalent to 30% to 70% of the home’s After-Repair Value (ARV). The more repairs your home requires when selling a house for cash, the lower the price it would fetch.

For example, if your home’s value is $400,000 and you need a $50,000 roof replacement, the ARV will be $350,000. Since cash home buyers offer only 70% of the ARV, you will get an offer of about $245,000.

“We Buy Houses for Cash” Pros and Cons

Are you considering selling your house fast for cash? Here are some pros and cons associated with cash buyers that you must account for:

✅ Pros

  • Fast Cash Sale: In the traditional model, you must list on the MLS and wait for potential buyers. However, with “We Buy Houses for Cash” companies, you get a cash offer within 24-48 hours of submitting your details on their website.
  • Flexible Closing: Cash home buyers move faster than traditional buyers. Home sellers can close on their timeline and need not wait for listing paperwork.
  • No Service Fees: A cash home buyer doesn’t charge any service fee. The net profit after fixing and selling your home is enough to sustain their fix-and-flip model.

❌ Cons

  • Lowball Cash Offers: Cash companies that buy homes generally pay 30% to 70% of the home’s fair market value. They deduct all repair, utility, and re-selling expenses of your home.
  • Non-Negotiable Deals: When dealing with “cash home buyer” companies, the deal is usually take-it-or-leave-it. You can try to negotiate if the company overlooked something important, but most cash companies will not budge,
  • Some Cash Buyers Will Make You Pay Closing Costs: Homeowners are forced to pay the seller’s closing costs, which are not disclosed on the cash buyer’s website. You should always read the terms and conditions document carefully.

» Estimate Seller Closing Costs: Calculate the closing costs you incur as a home seller.

Alternatives to Companies That Buy Houses for Cash

  • List Your Home With a Flat Fee MLS Service: You can get up to 100% of the cash for your home on the open market. High-tech For Sale By Owner websites like Houzeo can help you sell your home for cash!
  • Hire a Top Realtor: Good Realtors can help you sell your property within a set timeline. However, the best Realtors will charge a 6% commission. That amounts to thousands of dollars!
  • Sell “For Sale By Owner”: Selling your home purely For Sale By Owner implies no access to the MLS. You market your property, conduct market research, manage offers and showings, etc., all by yourself.

Should You Sell to Companies That Buy Houses for Cash?

Yes, but don’t settle for an offer from just a single cash home buyer.

Instead, list your home on America’s #1 cash buyer marketplace – Houzeo. Your listing will be active in less than 24 hours. Moreover, you could receive cash offers from multiple cash buyers, ultimately driving up your final home price.

Check out how Houzeo works in this video:

What is Houzeo?

An overview of what the platform is all about

Start Your MLS Listing NOW!

» Houzeo Reviews: See how Houzeo home sellers save thousands with Houzeo technology and MLS exposure.

Frequently Asked Questions About Cash Buyers

What is the best company that buys houses for cash?

Houzeo is the most popular cash marketplace for selling homes for cash. iBuyers like Opendoor and multiple cash buyers have extended offers on homes listed on Houzeo. You could receive multiple cash offers, increasing your home sale price.

How can you sell to companies that buy houses for cash?

You can sell directly to cash buyers or you can list on the MLS and receive multiple cash offers. When you sell to a cash buyer, you actively search for the best option. With an MLS listing, the best offer to comes to you.

How can I sell my house fast for cash?

Opt for a cash buyer marketplace. “We Buy Houses for Cash” companies are best for distressed homes. They will offer 30% to 70% of the FMV. An iBuyer has strict purchase criteria and may not offer more than 70% to 80% of FMV.

Companies That Buy Houses for Cash

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