Table of Contents

21 min read Jan 25, 2023

15 Best Companies That Buy Houses for Cash (2023 Rankings)

Companies That Buy Houses for Cash in the U.S.

The U.S. real estate housing market is experiencing a major shift. With interest rates at record highs, more sellers are accepting cash offers from investors than ever before. 31.9% of Americans sold their homes for cash in October 2022.

Not all companies that buy houses for cash are the same. Some companies can get you 100% of your property’s fair market value, while others may offer as low as 50%. Their fees vary drastically too. We’ve ranked the best cash home buyers so you can sell your house fast for cash.

There are 2 types of cash home buyers: iBuyers and “We Buy Houses for Cash” companies.

  • iBuyers: iBuyers in 2023 will offer only about 70% to 80% of the property’s fair market value. iBuyers don’t generally purchase distressed homes, and they can have high service fees.
  • “We Buy Houses for Cash” Companies: These local companies typically offer about 50% to 70% of the property’s Fair Market Value. They have no service or closing fees. These “We Buy Houses” companies also purchase rentals and distressed homes.

👉 List on MLS to Get Upto 100% of Your Home’s Value: Even Opendoor and Homevestors have submitted cash offers for homes listed on MLS via Houzeo!

15 Best Companies That Buy Houses for Cash

1. Houzeo.com

🎖️ Max Exposure to Cash Buyers

Houzeo

Houzeo Logo
  • Service Fee: $349 Listing Fee
  • Available in 80+ U.S. Markets
  • 5 Stars 4.9/5 (out of 4,434 reviews)

Houzeo is the best option if you’re looking for multiple cash offers. An MLS listing via Houzeo.com provides exposure to the max number of cash buyers. This includes Opendoor and Homevestors, who have recently submitted cash offers on Houzeo.

  • Service Fee – $349: Houzeo does not charge a 5% service fee or any undisclosed closing fee.
  • Maximum Cash Offer: Your property will get max exposure to cash buyers via the MLS. This includes major portals like Zillow, Realtor.com, and Redfin. All local and national cash buyers, including iBuyers, will be aware of your listing and compete for it.
  • Types of Properties: On Houzeo Marketplace, you can market properties in any condition and sell your house as is.
  • Flexible Closing Date & Offer Terms: You can specify and negotiate the cash terms you want for your closing.
  • Nationwide Coverage: Houzeo is available in 47 states across the U.S., so you can market to local cash buyers almost anywhere.

👉 Our Take: For sellers looking to maximize their cash offers, we recommend Houzeo’s Gold plan. It will get you maximum exposure to cash buyers via the MLS. You will also have Houzeo’s advanced features to negotiate the best terms for your cash offer.

» Houzeo Reviews: Learn why Houzeo is America’s Real Estate Super App

  • Near Nationwide Coverage: Houzeo covers 47 states + DC.
  • No Listing Agent Commission: With Houzeo, you only pay a small flat fee to get access to the MLS and all the Houzeo tech
  • 100% online: Easy listing, fast changes, online showings, and online offers
  • Max Exposure: Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other real estate websites
  • Fast Listing: Rush listing option gets you listed within a business day with Houzeo Concierge. This is best to sell your house fast.
  • Real Estate On the Go: Houzeo Mobile App mimics most functionality of the Houzeo web platform, including Offers and Showings
  • 5-Star Customer Service: Superb support that minimizes Houzeo complaints
  • No Hidden Fees: There are no Houzeo hidden fees

» Is Houzeo Legit: Learn more about Houzeo.com’s locations and services

Houzeo has a stellar rating of 4.9 out of 5 stars, with reviews on popular sites like Google & Trustpilot.

» Houzeo Reviews: Check out what customers have to say about Houzeo.com!

Houzeo is available nationwide with coverage in 200+ markets.

The 6 Best iBuyers

iBuyers, aka instant buyers, harness technology and market data to calculate the best cash offers for houses. iBuyer companies have strict home purchase criteria and are only available in limited locations.

» More: How Does Selling to an iBuyer Work?

2. Opendoor

BIGGEST IBUYER

Opendoor

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

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

  • Service Fee: 5% of Home Sale Price
  • Typical Offer: 70% to 80% of Fair Market Value (FMV)
  • Types of Properties Purchased: Opendoor offers cash for houses with minimal repairs in desirable neighborhoods.
  • Closing Date & Offer Terms: Opendoor provides flexible closings, with dates up to 45 days out. The final terms may change after the home inspection.
  • Limited Coverage: Opendoor only covers 51 markets.

🚩 You Should Know: You may pay up to 14% of your home’s sale price in fees and closing costs.

👉 Our Take: Opendoor makes competitive offers, but these are far less than what your property can get on the open market. Remember—an MLS listing on Houzeo.com will put you in front of Opendoor and nationwide cash buyers.

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

  • Excellent for experienced home sellers with desirable properties, not for FSBO home sellers.
  • The difference between Opendoor’s preliminary offer vs. final offer can be humongous.
  • Opendoor’s final cash offer is calculated after deducting home repair and closing costs. The repair cost breakdown isn’t disclosed.
  • The sales process may feel rushed, and the home seller has negligible control over the sale.

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

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

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

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

3. Offerpad

FASTEST CLOSING

Offerpad

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

Offerpad has the fastest closing among iBuyers. Offerpad’s patented evaluation tool generates an initial offer price based on housing market trends and insights from market specialists.

  • Service Fee: 5% of Home Sale Price
  • Typical Offer: 70% to 90% of Fair Market Value (FMV)
  • Types of Properties Purchased: Offerpad offers cash for houses only for eligible properties with minimal repairs.
  • Closing Date & Offer Terms: Offerpad has the fastest closing schedule, with the earliest being 7 days to 45 days out. The initial cash offer terms may change after the home inspection.
  • Limited Coverage: Offerpad only covers 22 markets.

🚩 You Should Know: For the ease of a fast cash offer, you may pay up to 13% of your home’s sale price in service fees. Offerpad charges a 1% cancellation fee if you back out of the deal.

👉 Our Take: Offerpad can be considered if you need to sell quickly. Remember—an MLS listing on Houzeo.com will automatically put you in front of Opendoor and other cash house buyers.

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

  • In just ten days, you can close your house sale with Offerpad
  • No need to fix or prepare the house
  • Long-term stay option for house sellers
  • Offerpad’s final cash offer is calculated after deducting home repair costs and seller closing costs, and these can add up to 13% of the purchase price
  • 1% cancellation fees if you back out of the deal after acceptance

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

» Offerpad Review: How does Offerpad work, fees, customer reviews of Offerpad

4. RedfinNow

AS-IS IBUYER

RedfinNow

Logo - RedfinNow
  • Service Fee: 5% to 13%
  • Closing in 10 days
  • RedfinNow has 2.5 stars on TrustPilot 2.4/5 (out of 8 reviews)

🛑 CLOSED: On November 8th, 2022, Redfin shut down operations of RedfinNow, and the company will no longer buy homes for cash.

RedfinNow, the “as-is iBuyer,” is the extended iBuying arm of Redfin, America’s largest discount brokerage firm. Unlike the other iBuyers, RedfinNow also buys vacant homes, so almost every homeowner may get reasonable cash offers.

  • Service Fee: 5% to 13% of Home Sale Price
  • Typical Offer: 70% to 90% of Fair Market Value (FMV)
  • Types of Properties Purchased: RedfinNow offers cash for houses irrespective of their condition, and even distressed properties and vacant houses will get an offer.
  • Closing Date & Offer Terms: RedfinNow provides a flexible closing date, up to 45 days out, and sometimes even as early as 14 days. RedfinNow’s offer terms are rigid and can change significantly after the home inspection.
  • Limited Coverage: Redfin is the second-largest iBuyer by coverage & covers 30+ markets.

🚩 You Should Know: This iBuyer company makes fairly competitive cash offers, but RedfinNow’s service fees may go up to 13% of the home’s sale price, which is a considerable cost to pay for the convenience.

👉 Our Take: RedfinNow looks appealing, but the service fee is directly proportional to the condition of your property. Houzeo’s MLS listing increases your chances of getting a better cash offer because investors scouring the MLS usually don’t care about the property’s condition and can offer more cash than this iBuyer.

» RedfinNow Reviews: Is RedfinNow the Best Cash Home Buyer in 2023?

  • Purchases properties as-is, with more stringent formalities than other iBuyers.
  • 90-day flexible closure window
  • RedfinNow service fees might be as high as 13% of the home’s sale price.
  • No incentives even if you trade in your home.
  • As a “late checkout,” you can rent your house up to 14 days from the final offer acceptance date.
  • Best for home sellers looking for a fast, predictable cash sale
  • RedfinNow’s representatives evaluate your home and make a cash offer on your house based on Redfin’s home pricing formula.

RedfinNow has a poor rating of 2.4 out of 5 stars on TrustPilot.

» RedfinNow Review: Check out exclusive customer reviews of Redfin Now

5. Knock Real Estate

BEST FOR HOME TRADE IN

Knock Real Estate

knock
  • Service Fee: 1.25%
  • Flexible timeline up to 6 months
  • 4.75 Stars 4.8/5 (out of 736 reviews)

Knock Real Estate isn’t an iBuyer, but a mortgage lender disrupting the conventional home trade-in model. Instead of selling or buying homes like iBuyers, Knock combines the two transactions: “Knock HomeSwap.”

  • Service Fee: 1.25% of the Firm Cash Offer, a flat fee of $1,450 for processing and underwriting.
  • Typical Offer: 70% to 90% of Fair Market Value (FMV)
  • Types of Properties Purchased: Knock offers cash for houses only when you are interested in buying another home while selling the existing one.
  • Closing Date & Offer Terms: Knock offers a flexible closing schedule, and the final closing timeline is 6 months, considering when your old house sells. Knock Real Estate’s offer terms may change after the home inspection.
  • Limited Coverage: Knock only covers ~20 markets.

🚩 You Should Know:  Past customers have complained about the delayed closing schedule of their old homes. The quality of service depends on the competency of the realtor you work with.

👉 Our Take: Knock Real Estate will facilitate enough capital for you to buy your dream home and save you from aimlessly juggling finances. If you only need fast cash for your house, you should consider an MLS listing on Houzeo.com because it opens the door to competitive offers from nationwide cash house buyers.

» Sell Your House Fast for Cash: Learn how to sell your house fast for cash

  • Firm, non-contingent cash offer to purchase your new home while selling the current one
  • $25,000 interest-free cash advance
  • Underwrites the purchase of the new property & then helps sell the old home
  • Avoid paying two mortgages at once
  • Knock Homes doesn’t work with owners of distressed properties
  • The old mortgage loan (if any) must be repaid after closing with Knock

Knock Homes has an average rating is 4.8 out of 5 stars, with 736 reviews on Zillow.

👎 Limited Coverage: Knock Real Estate offers cash for homes only in 10 states.

👍 Rankings of Local Cash Buyers: If Knock doesn’t offer home trade-in services in your zip code, you can consider local companies offering cash for homes:

6. 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 4.3/5 (out of 404 reviews)

Launched in 2017, Orchard Real Estate (formerly Perch) is a real estate cash buyer that finances the purchase of a new home before selling the old one. Compared to Knock, Orchard is quite traditional in its approach and offers 2 packages for cash property sellers:

1. Move First: You will get hard cash to buy a new house before selling your old home with Orchard’s “Move First” home trade-in package.
2 Offer Boost: With this package, you can use the cash that Orchard pays for your current home. Orchard reps will make an all-cash offer on your next house in 1 to 3 business days.

  • Service Fee: 6% to 13% of Home Sale Price
  • Typical Offer: 70% to 80% of Fair Market Value (FMV)
  • Types of Properties Purchased: Orchard Homes offers cash for houses for all types of properties that need minimal repairs while calculating the reselling profits. Home sellers with distressed properties may not receive a cash offer.
  • Closing Date & Offer Terms: With Orchard Homes, you can close the transaction within 20 to 30 days. If you avail of Orchard Home Loans, their loans subsidiary, you won’t have to pay extra fees, which are 6 times more than a traditional money lender.
  • Extremely Limited Coverage: Orchard only covers 11 markets.

🚩 You Should Know: Although Orchard Homes has decent reviews, customers have complained about lowball cash offers and waiting 30 days to receive the initial cash advance. If you need to sell your home quickly for cash, then this cash transaction delay would be counterintuitive.

👉 Our Take: If you want a fast, predictable sale & don’t mind leaving some cash on the table, then Orchard Homes might be the best cash home buyer. Remember- with Houzeo.com’s MLS listing, your house will get exposure to max cash home buyers nationwide, so you might get multiple cash offers for your house.

» Orchard Reviews: Is Orchard Homes worth your time in 2022?

  • 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
  • The efficiency of Orchard’s home advisors
  • Only available to customers in four states
  • High fees— 6% service fee plus closing costs and repayment or old mortgage
  • Expensive repair estimates that drastically reduced the seller’s final profits

Orchard Real Estate has an average rating of 4.3 out of 5 stars on TrustPilot.

» Orchard Review: Is Orchard Homes worth your time in 2022?

👎 Limited Coverage: Orchard Homes buys homes for cash only in six states.

👍 Rankings of Local Cash Buyers: If Orchard doesn’t cover your zip code, you can consider local companies making competitive cash offers:

7. Zillow Offers

🛑 NO LONGER AVAILABLE

Zillow Offers

Zillow
  • Service fee: 9% to 13%
  • Close in just 7 days
  • No credible reviews found.

🛑 CLOSED: Zillow Offers shut down in November 2021. Zillow stopped buying houses due to losses worth $881 million

Zillow, the largest real estate marketplace, launched an iBuying service called Zillow Offers in 2018 to enter the iBuying space. Zillow Offers was a quick option for eligible homeowners to get cash for their houses with a flexible closing timeline.

  • Service Fee: 9% to 13% of Home Sale Price
  • Typical Offer: 80% to 110% of Fair Market Value (FMV)
  • Types of Properties Purchased: Zillow offers cash for houses on pretty homes & land/lot properties in desirable locations. Home sellers with distressed properties may not receive Zillow’s cash offer.
  • Closing Date & Offer Terms: Zillow Offers provides a flexible closing date, up to 90 days. The offer terms are inflexible and may change after the home inspection.
  • Limited Coverage: Zillow offers cash for homes in 12 markets nationwide.

🚩 You Should Know: Zillow’s service fees can drastically rise to 13% of the home’s sale price, depending on the property repairs identified in home inspection. The service fee of Zillow Offers is quite high compared to other iBuyers and substantially higher than what the home seller would pay with a traditional real estate agent.

👉 Our Take: The fact that Zillow pays more than the house’s fair market value makes it attractive, but the inflated service fees and closing costs make this iBuyer a questionable choice.

» Zillow Offers Reviews: Check out the story of the rise and fall of Zillow’s iBuying arm, Zillow Offers

    • Flexible closing window (7-90 days)
    • Cash offer calculated with home evaluation tool, Zestimate.
    • Cash offer in just 24 to 48 business hours
    • Dedicated Zillow Offers advisors for every customer
    • Strict home eligibility criteria
    • Little to no opportunity to negotiate on price
    • Zillow’s final cash offer is calculated after deducting closing costs and service fees, typically 10% to 14%.
    • The average service fee of Zillow Offers is 7.5%, and it can go up to 13% – which is too high a cost to pay for the convenience, even higher than incurred during a traditional home sale.

👎 Zero Customer Reviews: Zillow Offers has no verifiable customer reviews on popular review websites like Google or Trustpilot.

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

The 8 Best “We Buy Houses for Cash” Companies

“We Buy Houses for Cash” companies are conventional, fast cash home buyers. They make an instant cash offer on a house, even an extremely distressed property. They offer as low as 30% of the home’s Fair Market Value.

» More: How Do “We Buy Houses for Cash” Companies Work?

8. Express Homebuyers

As-Is Cash Home Buyer Network

Express Homebuyers

express homebuyers logo
  • Service Fee: None
  • Express Homebuyers has 4.2 stars out of 5  4.2/5 (out of 105 reviews)

Express Homebuyers is a real estate investor network that makes all-cash offers on all types of properties, even condemned homes. This home buying company is best for home sellers that don’t wish to prep their homes or do repairs as they buy properties “as-is.”

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All houses, i.e., distressed properties with structural issues, condemned properties, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Date & Offer terms: Express Homebuyers doesn’t have strict offer terms and the company has purchased homes for cash in under 7 days, with up to 30 days out.
  • Limited Coverage: Express Homebuyers only offers cash for houses in 27 states.

👉 Our Take: If it covers your area, Express Homebuyers is great to unload an extremely distressed property. However, if your house needs minimal repairs only, then you should consider listing on the MLS.

» Express Homebuyers ReviewsIs there really no service fee?

  • Free, no-obligation offer for damaged properties as well
  • Express Home Buyers presents a cash offer within 24 hours.
  • Closing dates can be finalized on the owner’s terms.
  • Express Homebuyers partners take anything between 7-30 days to close the deal.
  • ExpressHomebuyers has no service fees, or closing costs.
  • You save repair costs as they offer all cash offers for “as-is” houses.

Express Homebuyers has a rating of 4.2 out of 5 stars on Google.

» Express Homebuyers ReviewCheck out exclusive Express Homebuyers customer reviews

9. We Buy Ugly Houses

NATIONWIDE COVERAGE

We Buy Ugly Houses

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

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

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of ugly houses, i.e., distressed properties with structural issues, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Date & Offer Terms: We Buy Ugly Houses provides a flexible closing date, up to 30 days out. Offer terms are inflexible, and some franchisee offices may use controversial tactics to close the cash home deal.
  • Limited Coverage: We Buy Ugly Houses covers 1,100 cities.

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

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

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

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

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

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

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

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

10. We Buy Houses

FAST CLOSING

We Buy Houses

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

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

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

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

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

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

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

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

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

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

11. MarketPro Homebuyers

AS IS CASH BUYER COMPANY

MarketPro Homebuyers

MarketPro
  • Service Fee: None
  • Close in 3 weeks
  • 4 Stars 4.2/5 (out of 291 reviews)

If you do not mind leaving some money on the table and need to sell your home fast for cash, MarketPro Homebuyers might be ideal. After launching in 2018, MarketPro Homebuyers has become one of the biggest cash home buyers in the Washington area. They are buying 25 houses per month.

  • Service Fee: None
  • Typical Offer: 70% to 90% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of ugly houses, i.e., distressed properties with structural issues, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Date & Offer Terms: MarketPro Homebuyers provide a flexible closing date, up to 60 days out. Offer terms are inflexible, and some franchisee offices may use controversial tactics to close the cash home deal.
  • Limited Coverage: MarketPro Homebuyers covers only 18 markets.

👉 Our Take: MarketPro Homebuyers buy properties as-is, so you will get a cash offer even if your home is in rough shape. The cash offers are slightly deceptive; they deduct 10% from your estimated net profit. These inflated fees don’t make a good case for this cash home buyer.

» MarketPro Homebuyers Reviews: Is there no service fee with this cash house buyer?

  • Free moving service
  • Cash offer is made based on local market sales and housing trends
  • Preliminary cash offer is sent within 24 to 48 hours
  • No need to make repairs before selling
  • Close in as little as seven days
  • Only available in limited states
  • They pay 10% less than what they estimate you’d net after all of your costs selling on the open market
  • MarketPro’s final cash offer is in line with the preliminary cash offer unless the appraiser deducts costs after the home inspection.

MarketPro HomeBuyers has a rating of 4.3 out of 5 stars on Google.

» MarketPro Homebuyers Review: Is there no service fee with this cash home buyer?

👎 Limited Coverage: MarketPro Homebuyers is a real estate cash wholesaler & cash house buyer only in 4 states.

👍 Rankings of Local Cash Buyers: If MarketPro HomeBuyers doesn’t cover your zip code, you can consider local “We Buy Houses for Cash” companies:

12. Sundae Real Estate

PRE-QUALIFIED INVESTOR NETWORK

Sundae Real Estate

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

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

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

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

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

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

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

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

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

13. 1-800-CashOffer

NATIONAL COVERAGE

1-800-CashOffer

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

1-800-CashOffer has a network of cash buyers that are seasoned professionals and real estate veterans, not amateur flippers. All you need to do is share property details, and a cash offer will be made on your house.

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 location!

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: 1-800-CashOffer will make a cash offer in distressed, unfavorable locations as well as desirable neighborhoods.
  • Closing Date & Offer Terms: 1-800-CashOffer provides a flexible closing timeline, up to 90 days out. The offer terms and closing costs can be negotiated, but there’s no hard data.
  • Limited Coverage: 1-800-CashOffer makes cash offers nationwide.

👉 Our Take: 1-800-CashOffer is best for home sellers who don’t wish to make any repairs and don’t mind leaving some cash on the table. Remember—an MLS listing on Houzeo.com will automatically put you in front of multiple cash buyers like Opendoor, RedfinNow, and local cash investors.

  • 1-800-CashOffer operates in all 50 states
  • Receive multiple offers.
  • Skip repairs
  • Offers may be less than fair market value.

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

1-800-CashOffer operates nationwide.

14. HomeVestors

NATIONAL CASH HOME BUYER

HomeVestors

Logo - HomeVestors
  • Service Fee: None
  • Closing in 3 weeks
  • HomeVestors has 2.2 stars out of 5 2.2/5 (out of 5 reviews)

HomeVestors is a nationwide network of real estate investors operating franchise offices autonomously nationwide. This cash home buyer company is the parent brand of We Buy Ugly Houses and caters to distressed home sellers. Each office is operated by a local real estate investor independently.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of ugly houses, i.e., extremely distressed properties with structural issues, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Date & Offer Terms: HomeVestors provides a flexible closing date, up to 30 days out. Offer terms are inflexible, and depend on the local real estate investor of your region.
  • Limited Coverage: HomeVestors covers 45 states with 800 franchise offices.

🚩 You Should Know: HomeVestors is known for its lowball cash offers. Before requesting a cash offer from them, you should review the local home sales data and find the market value of your house. The final proceeds are around 50% to 55% of the home’s fair market value after the deduction of anticipated repair costs.

👉 Our Take: This cash buyer company is best for home sellers looking to unload an extremely distressed house quickly and don’t mind getting half of their home’s worth. Remember—an MLS listing on Houzeo.com will expose your property to nationwide cash buyers, and increase the chance of getting multiple offers.

» HomeVestors Reviews: Everything you need to know about the cash house buyer network

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

👎 Poor Customer Reviews: HomeVestors has 2.2 out of 5 stars with 5 reviews on Better Business Bureau.

» HomeVestors Review: Is HomeVestors the best cash buyer company in 2022?

HomeVestors has near-nationwide coverage in 800 independently owned franchise offices in 45 states.

15. I Buy Houses

CASH BUYER SUBSCRIBER NETWORK

I Buy Houses

IBuyHouses
  • Service Fee: None
  • National network of investors
  • No credible reviews found.

I Buy Houses works differently than conventional cash home buyers or investor marketplaces. This diverse community of 6,000+ network members sources homeowner’s details as prospects or cold leads to real estate agents and investors. Essentially, they act as an “intermediary” and provide your information to subscribers in their investor network.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of properties, no matter how distressed the property is.
  • Closing Date & Offer Terms: Since I Buy Houses is a lead generation engine, there is no certainty of closing. Home buyers only offer cash for your house if its in a desirable location or if it piques their interests. The offer terms can be negotiated with the investor that offers cash for your home.
  • Limited Coverage: I Buy Houses is a nationwide network of real estate investors.

🚩 You Should Know: I Buy Houses Cash doesn’t have any particular criteria for investors joining their network, it all depends on who contacts you, making you susceptible to “cash for houses” scams. Furthermore, there is no guaranteed cash offer when you sign up on I Buy Houses, and it depends on which member takes interest in your property.

👉 Our Take: Home sellers looking forward to interacting with a national network of investors but are not in a hurry to sell their houses. If you need to sell your house fast, we recommend considering other cash home buyers.

  • Allows home sellers to connect with local real estate investors
  • I Buy Houses Cash 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 receive a cash offer for your house.

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

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

IBuyHouses.com has over 6,000+ subscribers nationwide. This doesn’t guarantee you will get cash for your house from their home buyer network.

Bonus: Two Noteworthy Cash House Buyers

HomeLight Simple Sale

An all-cash offer platform created by a leading agent-matching service, HomeLight Simple Sale provides home sellers with a stress-free way to sell their homes as-is for cash.

HomeLight Simple Sale offers cash for homes for properties in almost any condition. Along with a no-fuss, competitive cash offer, the platform recommends top-rated agents in your locality. While this may seem like empowerment or information, it’s how HomeLight subtly pitches the sellers to list on the MLS along with a HomeLight Partner Agent.

» HomeLight Reviews: Learn how HomeLight works, its benefits, disadvantages & more

Flyhomes

Flyhomes is a mortgage lender home trade-in company that offers cash for your house. Additionally, they help you finance the next home you buy.

Are Companies That Buy Houses for Cash Legit?

Yes, companies that buy houses for cash or cash home buyers are legitimate and operate legally nationwide. So, they are the best way to go if you want to sell your house fast for cash.

You should never pay any money while requesting a cash offer on your house. Always check customer reviews and inspect how the company operates before signing any real estate contract.

Best Companies That Buy Houses for Cash Near Me

RegionStates/CitiesCompanies That Buy Houses For Cash Near Me
NortheastStatesWe Buy Houses for Cash Connecticut | We Buy Houses for Cash Maine | We Buy Houses for Cash Massachusetts | We Buy Houses for Cash New Hampshire | We Buy Houses for Cash New Jersey | We Buy Houses for Cash New York | We Buy Houses for Cash Pennsylvania | We Buy Houses for Cash Rhode Island | We Buy Houses for Cash Vermont
NortheastKey CitiesWe Buy Houses for Cash Boston, MA | We Buy Houses for Cash New Bedford, MA | We Buy Houses for Cash Brooklyn, NY | We Buy Houses for Cash Buffalo, NY | We Buy Houses for Cash Long Island, NY | We Buy Houses for Cash New York City, NY | We Buy Houses for Cash Philadelphia, PA | We Buy Houses for Cash Pittsburgh, PA | We Buy Houses for Cash Rochester, NY | We Buy Houses for Cash York, PA | We Buy Houses for Cash Clayton, NY
MidwestStatesWe Buy Houses for Cash Illinois | We Buy Houses for Cash Indiana | We Buy Houses for Cash Iowa | We Buy Houses for Cash Kansas | We Buy Houses for Cash Michigan | We Buy Houses for Cash Minnesota | We Buy Houses for Cash Missouri | We Buy Houses for Cash Nebraska | We Buy Houses for Cash North Dakota | We Buy Houses for Cash Ohio | We Buy Houses for Cash South Dakota | We Buy Houses for Cash Wisconsin
MidwestKey CitiesWe Buy Houses for Cash Cincinnati, OH | We Buy Houses for Cash Cleveland, OH | We Buy Houses for Cash Columbus, OH | We Buy Houses for Cash Detroit, MI | We Buy Houses for Cash Harper Woods, MI | We Buy Houses for Cash Indianapolis, IN | We Buy Houses for Cash Ferndale, MI | We Buy Houses for Cash Kansas City, MO | We Buy Houses for Cash Milwaukee, WI | We Buy Houses for Cash Macomb County, MI | We Buy Houses for Cash Omaha, NE | We Buy Houses for Cash Minneapolis, MN | We Buy Houses for Cash Royal Oak, MI | We Buy Houses for Cash Clawson, MI | We Buy Houses for Cash Wayne County, MI | We Buy Houses for Cash Sioux City, IA | We Buy Houses for Cash St. Louis, MO | We Buy Houses for Cash Boulevard Heights, MO | We Buy Houses for Cash Oakland County, MI
SouthStatesWe Buy Houses for Cash Alabama | We Buy Houses for Cash Arkansas | We Buy Houses for Cash Delaware | We Buy Houses for Cash Florida | We Buy Houses for Cash Georgia | We Buy Houses for Cash Kentucky | We Buy Houses for Cash Louisiana | We Buy Houses for Cash Maryland | We Buy Houses for Cash Mississippi | We Buy Houses for Cash North Carolina | We Buy Houses for Cash Oklahoma | We Buy Houses for Cash South Carolina | We Buy Houses for Cash Tennessee | We Buy Houses for Cash Texas | We Buy Houses for Cash Virginia | We Buy Houses for Cash Washington, D.C | We Buy Houses for Cash West Virginia
SouthKey CitiesWe Buy Houses for Cash Anderson, SC | We Buy Houses for Cash Atlanta, GA | We Buy Houses for Cash Asheville, NC | We Buy Houses for Cash Ashland, KY | We Buy Houses for Cash Baltimore, MD | We Buy Houses for Cash Charlotte, NC | We Buy Houses for Cash Charleston, SC | We Buy Houses for Cash Columbia, SC | We Buy Houses for Cash Dallas, TX | We Buy Houses for Cash Fort Lauderdale, FL | We Buy Houses for Cash Fort Myers, FL | We Buy Houses for Cash Fort Worth, TX | We Buy Houses for Cash Greensboro, NC | We Buy Houses for Cash Greenville, SC | We Buy Houses for Cash Houston, TX | We Buy Houses for Cash Huntsville, AL|We Buy Houses for Cash Killeen, TX | We Buy Houses for Cash Knoxville, TN | We Buy Houses for Cash Lafayette, LA | We Buy Houses for Cash Lexington, KY | We Buy Houses for Cash Louisville, KY | We Buy Houses for Cash Manassas, VA | We Buy Houses for Cash Miami, FL | We Buy Houses for Cash Nashville, TN | We Buy Houses for Cash New Orleans, LA | We Buy Houses for Cash Orlando, FL | We Buy Houses for Cash Pasadena, TX | We Buy Houses for Cash Raleigh, NC | We Buy Houses for Cash Rockville, MD | We Buy Houses for Cash San Antonio, TX | We Buy Houses for Cash St. Augustine, FL | We Buy Houses for Cash Tampa, FL | We Buy Houses for Cash West Palm Beach, FL | We Buy Houses for Cash Memphis, TN | We Buy Houses for Cash Austin, TX | We Buy Houses for Cash La Porte, TX | We Buy Houses for Cash Concord, NC | We Buy Houses for Cash Norfolk, VA | We Buy Houses for Cash Jacksonville, FL | We Buy Houses for Cash Tallahassee, FL | We Buy Houses for Cash Pensacola, FL | We Buy Houses for Cash Sarasota, FL | We Buy Houses for Cash Panama City, FL | We Buy Houses for Cash Augusta, GA | We Buy Houses for Cash Bethesda, MD | We Buy Houses for Cash Virginia Beach, VA | We Buy Houses for Cash Clearwater, FL | We Buy Houses for Cash Savannah, GA | We Buy Houses for Cash Chattanooga, TN | We Buy Houses for Cash Columbus, GA | We Buy Houses for Cash Lawrenceville, GA | We Buy Houses for Cash Winston-Salem, NC | We Buy Houses for Cash Birmingham, AL | We Buy Houses for Cash Jackson, MS | We Buy Houses for Cash Biloxi, MS
WestStatesWe Buy Houses for Cash Alaska | We Buy Houses for Cash Arizona | We Buy Houses for Cash California | We Buy Houses for Cash Colorado | We Buy Houses for Cash Hawaii | We Buy Houses for Cash Idaho | We Buy Houses for Cash Montana | We Buy Houses for Cash Nevada | We Buy Houses for Cash New Mexico | We Buy Houses for Cash Oregon | We Buy Houses for Cash Utah | We Buy Houses for Cash Washington | We Buy Houses for Cash Wyoming
WestKey CitiesWe Buy Houses for Cash Colorado Springs, CO | We Buy Houses for Cash Denver, CO | We Buy Houses for Cash Fresno, CA | We Buy Houses for Cash Las Vegas, NV | We Buy Houses for Cash Los Angeles, CA | We Buy Houses for Cash Phoenix, AZ | We Buy Houses for Cash Sacramento, CA | We Buy Houses for Cash San Diego, CA | We Buy Houses for Cash San Francisco, CA | We Buy Houses for Cash Seattle, WA | We Buy Houses for Cash Tucson, AZ | We Buy Houses for Cash Portland, OR | We Buy Houses for Cash Salt Lake City, UT | We Buy Houses for Cash Charleston, WV | We Buy Houses for Cash Orange County, CA | We Buy Houses for Cash Montclair, CA | We Buy Houses for Cash Oxnard, CA | We Buy Houses for Cash Santa Maria, CA | We Buy Houses for Cash Roseville, CA | We Buy Houses for Cash Ventura, CA | We Buy Houses for Cash Glendale, CA | We Buy Houses for Cash Hayward, CA | We Buy Houses for Cash Antioch, CA | We Buy Houses for Cash Brentwood, CA | We Buy Houses for Cash Coachella Valley, CA | We Buy Houses for Cash Stockton, CA | We Buy Houses for Cash Modesto, CA | We Buy Houses for Cash Lemon Grove, CA | We Buy Houses for Cash Casitas Springs, CA | We Buy Houses for Cash Bakersfield, CA

Understanding Companies That Buy Houses

Companies that buy houses include institutional cash home buyer companies, local house flippers, and real estate investors. They make all-cash offers on homes and pay 70% to 90% of the home’s fair market value.

Generally, cash buyer companies don’t negotiate the offer, leaving little room to get 100% of your home’s market value.

💲Cash for My House: List on the open market with Houzeo.com and get 100% Fair Market Value of your property.

Types of Cash Home Buyers

Companies that buy homes for cash help home sellers skip the hassle of listing on the MLS, marketing, home staging, etc. Two types of cash home buyers make cash offers on homes for sale:

1. “We Buy Houses for Cash” Companies: Lowball Cash Offers But Zero Service Fees

Cash buyer companies that buy distressed properties as-is typically pay 30% to 70% of the home’s Fair Market Value.

We recommend “We Buy Houses for Cash” companies for:

  • homeowners selling inherited homes that need extensive repairs
  • homes with structural issues
  • properties facing foreclosure
  • homes of couples going through a divorce.

Companies like HomeVestors and We Buy Houses are “franchise” networks of pre-vetted real estate investors. Every office is operated autonomously by investors buying homes for cash.

Generally, this network includes retail cash home buyers, local house flippers, and nationwide investors.

» More: How Does “We Buy Houses for Cash” Work?

2. iBuyers: Fair Cash Offers But Hefty Service Fees

Companies that buy homes for cash with instant non-negotiable offers are calculated based on the property’s location, house condition, required repair costs, calculating ARV (After Repair Value), etc. You get 70% to 90% of the home’s fair market value.

Unlike cash buyer companies that compare local sales data & rely on in-house experts, iBuyer companies use proprietary algorithms to compare millions of historical pricing trends to determine a competitive cash offer price.

Opendoor offers the most cash compared to other iBuyers, while Offerpad is known for its fast closings.

» More: How Does Selling to an iBuyer Work?

How Do I Sell My House Fast for Cash?

Listing on the MLS is the fastest way to get instant cash offers from “cash for houses” companies. Cash buyer companies and local real estate investors are always scouring the MLS for properties.

If you want to sell your house fast for cash, you can also consider the below tips:

  • List on the MLS
  • Pricing your home competitively
  • Offering a competitive buyer agent commission
  • Responding fast to inquiries, showings, and offers

» How Do I Sell My House Fast for Cash: Here’s a guide to help you sell your home to a company fast.

Should I Sell My House As Is?

Selling “as is” means putting your house for sale in its existing condition without any upgrades or improvements. Home sellers choosing to sell their homes as-is are generally in unprecedented situations like a financially difficult situation, need for impromptu relocation, or owners encountering bad tenants.

» Selling a House As Is: Check out our guide to selling your house as-is.

Selling a House to an iBuyer

When selling a house to iBuyers, technology and data go hand-in-hand to calculate your home’s worth. Though each iBuyer may have different ways of functioning, this is what typically happens when selling properties to an iBuyer company:

Step 1 – Submit information about your home: iBuyers collect information through an online form or over the phone. For this, sellers need to share the property’s location and basic details of the house.

Step 2 – Receive a preliminary cash offer: After an initial evaluation to check if your house passes its eligibility criteria, you usually get a preliminary cash offer. Generally, this offer is a take-it-or-leave-it deal.

Step 3 – Complete a home inspection: An onsite visit is scheduled if you accept the preliminary cash offer. Here, the representative will do a home inspection to assess your property.

Step 4 – Review final cash offer: Repair costs and expenses are adjusted in the preliminary cash offer. Then, the iBuyer sends a final cash offer for the house.

Step 5 – Close the deal: iBuyers provide more flexibility on the closing schedule. You may be able to close within 7 days!

👉 Know Your Home’s Worth Before Selling to an iBuyer: Even if your property is eligible for iBuyers, it’s generally always a good idea to get an estimate from a local realtor to find out how much your home could sell for on the open market.

» iBuyer Reviews: Check out our rankings for the top iBuyers and marketplaces in 2023!

Which Homes Qualify for Most iBuyers?

iBuyers only offer cash for houses that qualify their purchase criteria. Generally, these requirements are similar for major iBuyers like Opendoor and Offerpad:

  • Home Types: Single-family homes, Townhouses, Duplexes, Condominiums
  • Year Built: After 1930
  • Lot Size: Maximum lot size of 1–2 acres, depending upon market
  • Value: Between $100,000 and $600,000 (can be as high as $1.4 million in some markets)
  • Occupancy: Owner-occupied only

iBuyers have made exceptions in some markets. So, it’s best to request a cash offer from an iBuyer that buys homes in your locality.

👉 Cash for Distressed Properties: Houses listed on the MLS receive offers as long as one can reside in them after purchase. So, even distressed properties may get better cash offers when listed on the open market.

How Much Do iBuyers Pay?

As high as 104.1% and as low as 70% of the property’s fair market value. However, iBuyers are ideal for you only if you have a pretty house that needs minimal or no repairs.

👉 iBuyers Offer Cash for Houzeo.com Homes: iBuyers like Opendoor and Offerpad have made full cash offers on the properties listed on Houzeo. So, increase your chances of meeting an iBuyer with a free listing on Houzeo.com. Start NOW!

How Much are iBuyer Fees?

The hassle-free convenience of iBuyers comes at the expense of service fees. Generally, you can expect the final service fees to be around 10% to 18% of the home’s sale price.

iBuyer fees primarily depend on the property’s condition and location. If you have a decent house that needs minimal repairs in a desirable neighborhood, then the service fees will be around 5% to 7%.

✅ Pros of Selling Your House to an iBuyer

  • Instant Cash Offer and Sale: iBuyers make an instant cash offer, usually in 24-48 hours. They move fast to close, and you skip the annoyance that comes with a traditional home sale.
  • Fast Closing: There is no listing or waiting for potential buyers or financing-related delay. iBuyers offer flexible closing timelines.
  • Certainty of Sale: iBuyers are home-buying companies with secure finances. The chance of your home sale falling through is lesser.
  • No Upfront Costs: A home seller must spend on house repairs, real estate photography, virtual staging, etc., when you list on the open market. These costs get eliminated when you sell to an iBuyer.

❌ Cons of Selling Your House to an iBuyer

  • Non-Negotiable Cash Offers: When dealing with iBuyers, the cash deal is usually take-it-or-leave-it. Although there may be room for negotiations, you can’t expect more than 95% of the market value of your home. Because iBuyers have to sustain their business model with the re-selling profits, they usually provide final offers.
  • Limited Coverage: iBuyers purchase homes in the markets they operate in. So, selling to an iBuyer is not a choice for most Americans. You won’t stand a chance if your property lies outside their coverage.
  • Strict Eligibility Criteria: There are specific prerequisites a home must adhere to for an iBuyer to buy it. Most iBuyers only offer cash for houses built post-1930 or less than 1.5 acres. Because of the stringent purchase criteria, distressed homes don’t qualify for sale.

» How Big is an Acre: Everything you need to know about this unit of measurement.

🏡 All the Benefits and No Trade-offs



Houzeo is the fastest way to list on the MLS and get maximum cash for your house.


START YOUR MLS LISTING NOW!

How Do “We Buy Houses for Cash” Companies Work?

“We buy houses for cash” companies are cash buyers that buy houses “as-is”, and at a much lower rate than the market price. These real estate cash buyer companies mostly work offline, and their target audience is distressed home sellers.

Let’s take a look at how you can sell your house with a “We Buy Houses for Cash” company:

Step 1 – Share Details About Your House: Most cash buyer companies will collect basic information via phone or online. Consequently, sellers have to share location and property conditions.

Step 2 – Review the Preliminary Cash Offer: There is an initial assessment of your property. After that, the home-buying company will make a non-negotiable cash offer.

Step 3 – Complete a Home Inspection: An onsite visit is scheduled if you accept the initial offer price. Here, a third-party home inspector or a local firm representative will complete the onsite inspection. Your final offer will be modified proportionately if any essential repairs are required.

Step 4 – Accept the Final Cash Offer: After adjusting repair costs and expenses, the cash home-buying company sends a final cash offer. You only need to accept, sign a purchase agreement, and schedule closing if it satiates your ideal requirements.

Step 5 – Close on Your Schedule: “We Buy Houses for Cash” companies can pace up the process and provide more flexibility on timing. You 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 “We Buy Houses for Cash” Companies Pay?

Companies that buy homes for cash often use the 70% rule.

That means they’ll pay no more than 70% of your home’s market value. However, sometimes, home repairs are required, and some cash buyer companies deduct these overhead expenses from your sale proceeds.

Cash Offer = (Market Value of Your House x 70% Offered) – Repairs Costs

Suppose your home is worth $300,000 at Fair Market Value but needs $25,000 in repairs. Then, you might expect a cash offer of only $185,000 from companies that pay cash for houses.

Conversely, you can wait and list your home with a professional real estate agent if you have a capital of $25,000 to spend on repairs. That’s the open market. So, you may get a deal worth as much as or more than your home’s current market value.

But, some cash home buyers will pay less than 70% of the home’s value after renovations/repairs.

Hence, we recommend requesting cash offers from multiple cash home buyer companies, with no obligation to close with them.

💲Market to the Biggest Pool of Cash Home Buyers!


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


Start Your FREE Listing NOW!

“We Buy Houses for Cash” Companies: Pros and Cons

✅ Pros

  • Fast Cash Sale: In the traditional model, you have to 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 details on their website.
  • Flexible Closing: “We Buy Houses for Cash” companies to move faster than others because there is no longer a need to wait for mortgage approval or listing paperwork. Many companies provide a one-month closing guarantee or up to two weeks.
  • No Service Fees: “We Buy Houses for Cash” companies acquire your home as-is and don’t charge any service fees. Their lowball offers are enough to recover profits by reselling your property after anticipated repairs.
  • No Upfront Costs: Whether they choose a traditional real estate broker or a Flat Fee MLS company, a home seller incurs costs while listing the house and prepping for sale. Since “We Buy Houses for Cash” acquire your home as-is, required repairs and marketing your home creatively are some expenses you can avoid.

❌ Cons

  • Non-negotiable Cash Offers: When dealing with “we buy houses for cash” companies, the deal is usually take-it-or-leave-it. Although there may be room for negotiations, you can’t expect more than 70% of the market value of your home. If you feel the company overlooked something important, some will allow you to make your case and submit additional evidence to support it; however, most will be unwilling to budge on price.
  • Lowball Offers: “We Buy Houses for Cash” companies generally pay 50% to 70% of the home’s fair market value, deducting all repair, utility, and re-selling expenses. Since they want to sell this home on the open market, they will offer you marginal prices so that they get a profit when they resell.

We Buy Houses for Cash Scams

Cash home buyers are legitimate, but there are scammers in every industry, and that’s how cash for houses scams work. Some common “cash for houses” scams are:

  • Fake “We Buy Houses for Cash” Ad: Scammers post signs and blast emails with a “we buy houses for cash” ad. Consequently, families in need of liquid cash or struggling to make their mortgage payments fall for this. So, they end up signing property-related documents in a hurry to close the cash transaction. “Cash for houses” companies then lease the property to a new tenant. However, the owner is still responsible for making the mortgage payments while losing control of their house.
  • Re-assignment Clause in Listing Agreement: In some states, cash home-buying companies have made home sellers sign a listing agreement with a “reassign” clause. In other words, the seller is permitting somebody else to take control. Home sellers who fall into this trap lose the right to sell their own house!

⚠️ Don’t Get Lured by Such Deceptive Cash Home Buyers: Thoroughly investigate the company before signing any legal documents related to your house. Even title insurance may not be able to save you from such scammers!

Selling to Local Real Estate Investors

Selling to local real estate investors directly is an option if you don’t want to work with a cash home buyer. Real estate investors are always searching for properties. These real estate cash buyers, also called retail cash house buyers, can be classified as:

  • House Flippers: buy a property, renovate, and resell the property on the open market.
  • Landowners or Landlords: buy a property, renovate and rent the property.

You can find such investors in online forums or through in-person meetups. Real estate investors often purchase the property as-is and drive a hard bargain to acquire homes for less than the fair market value. It’s best to do a comparative price analysis and find how much your property is worth before you deal with local real estate investors.

🏘️ How to Flip a House: Is flipping houses profitable in 2023’s slow market?

What About Selling My House with a Real Estate Agent Instead?

It depends!

Listing on the MLS increases the chance of a competitive cash offer. However, opting for a real estate agent to get on the MLS would defeat the purpose of maximizing your cash offer.

Opting for a real estate agent in America will not save you 6% real estate commission and might be the worst option if you want to earn maximum cash.

But, with Flat Fee MLS companies like Houzeo.com, listing your house on the MLS can be done effortlessly at just $349! You save on the 3% listing agent commission by selling your home as an owner.

✍️ Note: Cash home buyers like Opendoor and Offerpad have offered cash deals for properties listed on Houzeo.com.

💲Market to the Biggest Pool of Cash Home Buyers!


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


Start Your FREE Listing NOW!

Should I Sell My House to a Company That Buys Houses for Cash?

Most home buyers purchase homes with a mortgage. Selling for cash will almost always net you between 10% to 30% less than a financed offer.

We recommend you sell for cash only in select circumstances. If you-

  • Are on a Severely Tight Timeline: If you’re going through a rough patch in your life, such as a divorce or an immediate move, cash home buyers or real estate investors can help you sell faster.
  • Need to Sell an Inherited Property: Selling to a company that buys houses for cash can be a viable option if you have a deceased relative’s property far away or in terrible shape.
  • Are in Urgent Need of Cash: If you’re in a hurry, facing foreclosure, and don’t want to keep your property, selling your house for cash could help you escape a credit impact.
  • Own a Distressed Property: Most banks will not finance a property in poor condition. However, if your property is in poor condition, selling your house for cash is a good choice.

It would be ideal to list on the MLS if you can hang in for a while. With high-tech websites like Houzeo.com, you can start your listing process on any device and finish all the paperwork seamlessly.

💲Market to the Biggest Pool of Cash Home Buyers!


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


Start Your FREE Listing NOW!

Alternatives to Companies That Buy Houses

1. Listing Your Home with Flat Fee MLS Service

Listing with a Flat Fee MLS service in the U.S. gets your property on the market within 24-48 hours. So, Flat Fee MLS is the best way to sell your house fast and has 4 significant benefits:

  • MLS is the fastest way to hit the market, plus your listing is syndicated to Zillow, Realtor.com, etc.
  • Your property listing gets maximum exposure.
  • You can negotiate all offers.
  • You skip paying commission or service fees.

👉 Sell Flat Fee MLS via Houzeo: We recommend Houzeo if you want to list on the local MLS and sell your house fast!

2. Hiring a Top Real Estate Agent

Top real estate agents have the expertise to help you sell your property fast within a set timeline. The broker handles most of the legal work, making home selling hassle-free.

But the downsides are just as huge. The best realtors will charge between 5% to 7% commissions. That amounts to thousands of dollars in realtor commission you will be paying. Also, you may get no technology tools with cheap realtors, and their service quality can be unpredictable.

👉 We recommend selling with a real estate agent only if you are not tech-savvy or concerned about FSBO paperwork.

» Top Real Estate Agents: Check out America’s top brokers, their services, and commission.

3. Sell By Owner

Selling your home purely For Sale By Owner implies that you won’t get access to the MLS. You market your property, conduct market research, handle offers, manage showings, etc., all by yourself.

77% of FSBO home sellers closed on their homes within two weeks because the homes were sold to someone the seller knew. The most significant disadvantage of selling with no MLS or tech support is that you probably may not be able to sell your home quickly.

👉 We recommend selling FSBO if you have a buyer lined up to buy your property.

Eager to Know How Houzeo Works?

We’ve got you covered. Check out the following video to understand how Houzeo works and why it is one of the best For Sale By Owner websites in the U.S.

What is Houzeo?

An overview of what the platform is all about

Start Your MLS Listing NOW!

» NEED MORE CLARITY? Read these exclusive Houzeo reviews and learn why it is one of the best FSBO sites in America.

Frequently Asked Questions

1. What is the best company that buys houses for cash?

Houzeo is the most popular platform for sellers looking for companies offering cash for homes. Not a cash buyer themselves, Houzeo.com lets you access the power of the MLS for a small flat fee, giving you exposure to cash home buyers. iBuyers, including Opendoor, have also made offers on properties listed on Houzeo.com.

2. How do you sell a house to a cash buyer?

List your home on Houzeo.com for multiple cash offers. You can also offer it to an ibuyer like Opendoor or another cash buyer. You’ll then receive preliminary cash offers. You must ensure the offer meets your minimum requirements after adjustments for inspection and any service fee. Once you’ve accepted the offer, you can select your closing date.

3. Are "we buy houses for cash" companies legit?

Yes! Many companies like We Buy Ugly Houses offer cash for houses. And these companies are legit, with franchises across the nation. However, cash buyer scams are common in America, so always research the company before signing official documents. You can also check customer reviews on sites like Google and TrustPilot. We also recommend you get a lawyer to review the contract before signing.

4. How long does a cash sale on a house take?

Approximately, anywhere between 7 to 30 days, depending on the buyer and the specific situation of the sale. iBuyers like Opendoor and Offerpad can close as quickly as 10 business days.

5. Do We Buy Houses companies make fair offers?

Yes! iBuyers will offer up to 100% of the fair market value of your property. Local “we buy houses for cash” companies will typically offer less - 50% to 70% of the fair market value. Listing your home on a marketplace, like Houzeo.com, will get you exposure to iBuyers and local investors. This significantly increases your chances of maximizing your cash offer.

6. Why is a cash offer better in real estate?

Cash offers provide more certainty than offers that include financing. There are typically no financing contingencies, and the closing can be fast. Many cash buyers will also waive inspections. Finally, once you have verified the buyer’s proof-of-funds, the risk of the sale falling through because of the loan not funding is eliminated.

7. How can I sell my house fast for cash?

With an instant cash offer, you can sell your house fast for cash. Many cash buyers purchase homes and try to offer a fair deal, about 50% to 90% of the house's market value. “We buy houses for cash” companies are best for distressed properties, while iBuyers have strict purchase criteria. Choose a company as per your requirements and timeline.

Resources for Selling Your Home

» Top Real Estate Brokers: Check out America’s top brokers, their services, and commission.

Related

we buy houses for cash fast companies, cash house buyers, houses buyers, buy my house, buy my home, we buy any home, house cash offer, house selling near me, buying homes, sell my house for cash, cash for homes, companies that buy houses, cash for my house, sell your house for cash, buy for cash house, house buying company, buy homes for cash quick, real estate companies

company that buys house for you, company who buys houses, company that buys homes, fsbo contract, cash buyers for houses, cash for your house, house for cash, house cash buyers, cash buyers house, cash home buyers in my area, home cash buyers, cash buyer for homes, get cash for your home, cash buyers for property, property purchasing company, discount real estate brokers

cash offer on house company, cash offer option company reviews, cash offer for my house, cash offers for homes, fast home cash offers, cash home buying company, best company to sell house for cash, sell house to company, seller disclosure, best company to sell your house , sell your house for cash, selling my house for cash, selling a house for cash

companies that pay cash for houses, sell for quick cash, sell my house to a company for cash

'We buy houses for cash' Companies Companies that buy houses for cash iBuyers Reviews

Save $20

On Silver & up plans

Use Coupon Code:

Copied
Need help? Call us on
(844) 448-0110