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24 min read Jan 26, 2023

11 Best Companies That Buy Houses for Cash in California (2023 Updates)

Companies That Buy Houses for Cash in California

California’s housing market is in a steady decline. Home prices dropped by 4.2% between December 2021 and 2022, and the average number of days a house was on the market was 45. This reflects an 18-day-increase Y-O-Y in The Golden State.

So, if you are looking to sell your home quickly, getting a cash offer may be your best bet.

Companies that buy houses for cash in California close on a property quickly, with little to no hassle. Typically, there are two types of cash house buyers:

  1. iBuyers: iBuyers in California offer 70% to 100% of the property’s Fair Market Value and don’t generally purchase distressed homes. They can have high service fees.

  2. “We Buy Houses for Cash” Companies: Buyers paying cash for homes in California typically offer about 50% to 70% of the property’s Fair Market Value. They have no service or closing fees. Further, “We Buy Houses in California” companies purchase distressed or rented homes.

👉 Get Top Dollar Cash Offers on Your Terms: House buyers like Opendoor have submitted cash offers for homes listed on Houzeo. An MLS listing via Houzeo.com gives you maximum exposure to real estate cash buyers in California. List NOW!

Key Takeaways

  • Houzeo.com exposes you to multiple California cash buyers. Opendoor and Offerpad have also extended cash offers on houses listed here.
  • “We Buy Houses for Cash” companies in California operate across the state and you get quick cash with short closing timelines.
  • iBuyers in California have specific eligibility requirements. Moreover, their cash offers are non-negotiable.

Reviews: 11 Best Companies That Buy Houses for Cash in California

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.

iBuyer companies, aka instant buyers, use technology and market data to calculate the best cash offers for houses in California. Hence, they have strict home purchase criteria.

Moreover, these home-buying companies service only limited locations.

» More: How Does Selling to an iBuyer Work?

2. Opendoor

📢 Select Markets Only: Opendoor only buys houses for cash in select markets of California but has strict purchase criteria.

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. Opendoor makes competitive offers, but these are far less than your property can get on the open market.

  • Service Fee: 5% of Home Sale Price
  • Typical Offer: 70% to 100% of Fair Market Value (FMV)
  • Types of Properties Purchased: Opendoor offers cash for houses only in desirable neighborhoods. If your property needs minimal repairs, Opendoor is an option for you. Otherwise, you may not even receive a preliminary cash offer from Opendoor.
  • Closing Date & Offer Terms: Opendoor provides a flexible closings, with dates up to 45 days out. Opendoor’s offers are not flexible, and final terms may change after home inspection.
  • Limited Coverage: Opendoor only covers 51 markets.

🚩 You Should Know: For the ease of a fast cash offer and flexible closing, you may pay up to 13% of your home’s sale price in service fees. Opendoor’s final cash offer is calculated after deducting home repair costs and closing costs.

👉 Our Take: Opendoor could be the best company to sell your house fast if they purchase properties in your zip code. Remember—an MLS listing on Houzeo.com will automatically put you in front of Opendoor and other iBuyers for an instant cash offer.

» Opendoor Reviews: Everything you need to know about America’s biggest iBuyer

  • Excellent for experienced home sellers with desirable properties
  • The repair cost breakdown isn’t disclosed in the offer
  • Not suitable for first-timers or FSBO sellers
  • The sales process may feel rushed, and the home seller has negligible control over the sale
  • The difference between Opendoor’s preliminary offer vs. final offer can be humongous
  • Home sellers receive cash offers within 24-48 hours, only on the properties that are in Opendoor’s coverage.

Opendoor has an average 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

📢 Select Markets Only: Offerpad only offers cash for houses in select markets of California but has strict purchase criteria.

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)

Known for its fast closing schedule, Offerpad is an iBuyer founded in 2017. Offerpad’s patented evaluation tool generates an initial offer price for the property based on housing market stats and insights from in-house real estate 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 in desirable neighborhoods and for properties that need zero or minimal repairs. Distressed properties may not get a cash offer from Offerpad.
  • Closing Date & Offer Terms: Offerpad has the fastest closing schedule, with the earliest timeline being 7 days and up to 45 days out. Their offer terms are inflexible, and the initial cash offer terms may change after the home inspection.
  • Limited Coverage: Offerpad only covers 22 markets.

🚩 You Should Know: Offerpad’s final cash offer is calculated after deducting home repair costs and seller closing costs. For the ease of an instant cash offer and fast closing, you may pay up to 13% of your home’s sale price in service fees. Also, if you want to back out of the deal with Offerpad after accepting a cash offer, you will have to pay a 1% cancellation fee.

👉 Our Take: Offerpad can be considered if you need to sell quickly, and this iBuyer offers cash for houses in your zip code. 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 10 days, you can close your house sale with Offerpad
  • No need to fix or prepare the house
  • Long-term stay option for house sellers
  • Closing costs and service fees can add up to more than 10% of the purchase price in some situations, resulting in a lower cash offer than expected
  • 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: Check out exclusive 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

💸 Maximize Your Cash Offers



An MLS listing via Houzeo provides you maximum exposure to cash buyers!


START YOUR MLS LISTING NOW

The 7 Top “We Buy Houses for Cash” Companies in California

“We Buy Houses in California for Cash” companies are conventional, fast home buyers. They make an instant cash offer on a house, even an extremely distressed property.

Generally, as-is cash home buyers are a “franchise” network of real estate investors and local house flippers. They offer as low as 30% of the home’s Fair Market Value.

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

5. Sell Quick California, LLC

Top Pick

Sell Quick California, LLC

logo image
  • Service Fee: None
  • 5 Stars 5/5 (out of 33 Reviews)

Sell Quick California, LLC is a company that buys houses for cash. They provide fair deals based on the market value and repairs needed. This company buys houses in California that need repairs, so you don’t need to prepare your home for listing or worry about additional financial expenses.

  • 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 fire damage, inherited properties, bad mortgage financing, termite damage, code violations, etc.
  • Closing Date & Offer Terms: Sell Quick California, LLC provides a flexible closing up to 30 days out.
  • Limited Coverage: Sell Quick California, LLC covers only 6 markets in California.

👉 Our Take: One of the popular local companies that buy houses as is, this cash home buyer in California, can be your choice if you want to sell your home for a fair cash deal. But if you’re willing to go the MLS listing route, Houzeo’s advanced features will help you negotiate a better deal for your property.

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

Sell Quick California, LLC has 5 out of 5 stars with 25 reviews on Google.

Sell Quick California, LLC operates in 6 markets: Contra Costa County, Alameda County, Sacramento County, San Francisco, Solano County, and Napa County.

6. Express Home Buyers, California

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

7. Sundae Real Estate, California

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:

8. HomeVestors, California

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.

9. John Medina Buys Houses, California

☝️ No hidden fees

John Medina Buys Houses

logo image
  • $ Service Fee: None
  • 4.75stars 4.7/5 (out of 24 Reviews)

John Medina Buys Houses is a professional home-buying company that buys houses for cash in California. It is known for providing home sellers with instant cash offers. This California cash buyer has a hassle-free process, starting with a simple online form. Once the form is submitted, they will schedule an appointment to inspect your house. Once the inspection is complete, you will receive a cash offer in approximately 24 hours.

  • 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: John Medina Buys Houses takes approximately 24 business hours to share a cash offer. They’re flexible and close the deal within 7 to 30 days. 
  • Limited Coverage: John Medina Buys Houses purchases homes only in California.

👉 Our Take: John Medina Buys Houses is best for home sellers looking for instant offers and a quick close on the property. But, if you can wait, listing your home with Houzeo.com can help you get better offers from different cash buyers. 

  • Get an offer in approximately 24 hours.
  • Instant deals that close in as little as three weeks.
  • There is no need to prep the home before the inspection as they take care of all the repairs and renovations.

John Medina Buys Houses has 4.5 stars out of 5 stars with 30 reviews on Google.

👎 Limited Coverage: John Medina Buys Houses buys homes only in California.

10. We Buy Houses, California

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. I Buy Houses, California

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.

Are Companies That Buy Houses for Cash in California Legit?

Yes, companies buying houses in California with cash are legitimate and operate nationwide. So, they are the best option if you are selling your house for cash.

Nonetheless, “We Buy Houses for Cash” scams or companies following “malign practices” exist in the industry. Hence, you should never pay any money while requesting a cash offer for your house.

Further, check customer reviews to inspect how the company operates before signing any property documents.

Companies That Buy Houses for Cash Near Me

1. San DiegoWe Buy Houses for Cash in San Diego, CA
2. San FranciscoWe Buy Houses for Cash in San Francisco, CA
3. SacramentoWe Buy Houses for Cash in Sacramento, CA
4. Los AngelesWe Buy Houses for Cash in Los Angeles, CA
5. FresnoWe Buy Houses for Cash in Fresno, CA
6. Orange CountyWe Buy Houses for Cash in Orange County, CA
7. MontclairWe Buy Houses for Cash in Montclair, CA
8. OxnardWe Buy Houses for Cash in Oxnard, CA
9. Santa MariaWe Buy Houses for Cash in Santa Maria, CA
10. VenturaWe Buy Houses for Cash in Ventura, CA
11. BakersfieldWe Buy Houses for Cash in Bakersfield, CA
12. BrentwoodWe Buy Houses for Cash in Brentwood, CA
13. Casitas SpringsWe Buy Houses for Cash in Casitas Springs, CA
14. Coachella ValleyWe Buy Houses for Cash in Coachella Valley, CA
15. StocktonWe Buy Houses for Cash in Stockton, CA
16. ModestoWe Buy Houses for Cash in Modesto, CA
17. Lemon GroveWe Buy Houses for Cash in Lemon Grove, CA

Understanding Companies That Buy Houses for Cash in California

Companies offering cash for houses in CA include institutional “We Buy Homes Fast for Cash” companies, local house flippers, and real estate investors. They make all-cash offers on homes and generally pay 70% to 90% of the house’s Fair Market Value.

Cash buyers in California don’t negotiate the offer. So, you have limited scope to get 100% of what your home is worth.

💲Cash for My House: Get 100% Fair Market Value of your property with Houzeo.com.

Types of Cash Home Buyers in CA

Cash companies buying homes in California help sellers skip the hassle of listing on the MLS, marketing, home staging, etc. Two types of real estate cash buyers make offers on homes for sale:

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

Companies paying cash for houses buy distressed properties as-is. They typically pay 30% to 70% of the home’s Fair Market Value.

We recommend “We Buy Any House in California for Cash” companies if you:

  • Are a homeowner with an inherited home that needs extensive repairs.
  • Have a home with structural issues.
  • Own a property facing foreclosure.
  • Are 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 who pay cash for homes.

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

» Selling an Inherited House in CaliforniaCheck out our guide if you want to sell your family home.

2. iBuyers: Fair Cash Offers But Hefty Service Fees

Home-buying companies in CA provide cash offers for homes based on the following:

  • The property’s location.
  • The house’s condition.
  • The required repair costs.
  • The After Repair Value (ARV).

You get 70% to 90% of the home’s Fair Market Value.

Fast cash house buyers compare local market data and rely on in-house experts before engaging in cash sales. On the other hand, iBuyer companies in California use proprietary algorithms to compare historical pricing trends to determine a competitive cash offer.

Opendoor offers the most cash compared to other iBuyers, while Offerpad is famous for setting an early closing date.

» More: How Does Selling to an iBuyer Work?

How Do I Sell My House Fast for Cash in California?

Listing on the MLS is the fastest way to sell your house for cash. Cash home buyers in California 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.
  • Price your home competitively.
  • Offer a competitive buyer agent commission.
  • Respond fast to inquiries, showings, and offers.

» Sell My House Fast for Cash California: Here’s a guide to help you sell your home fast for cash in California.

Should I Sell My California House As Is?

Selling “as is” is to sell your house in its existing condition without any improvements. Those selling their homes as-is in CA are usually in unprecedented situations like:

  • A sudden financial crisis.
  • Impromptu relocation.
  • Bad tenants.

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

Selling a House to an iBuyer in CA

When selling your house to an iBuyer, technology and data go hand-in-hand to calculate your home’s worth. Each iBuyer may have different ways of functioning. However, this is what typically happens when you sell your home to an iBuyer in California:

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. This offer is typically a take-it-or-leave-it deal.

Step 3 – Complete a Home Inspection: The company schedules an onsite visit if you accept the preliminary cash offer. Here, the representative conducts a home inspection to assess your property.

Step 4 – Review the 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: Get an estimate from a local realtor to know how much your home is worth on the open market before selling to an iBuyer.

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

Which Homes Qualify for Most California iBuyers?

iBuyers only buy houses in California that meet their purchase criteria. Usually, 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 iBuyers that buy homes in California.

👉 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?

Fair Market Value. However, iBuyers are ideal only if you have a pretty house that needs minimal or no repairs.

👉 iBuyers Offer Cash for Houzeo.com Homes: Opendoor and Offerpad have made full cash offers on the properties listed on Houzeo. So, increase your chances of meeting an iBuyer in CA 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 fee 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 house needing minimal repairs in a desirable neighborhood, then the service fee will be around 5% to 7%.

👉 Save 3% Listing Agent Commission: If you list with a Flat Fee MLS website, you save 50% commission right away. You only have to pay 2.5% to 3% of the home’s sale price to the buyer agent. This is much lower than the closing costs associated with iBuyers, which can be as high as 18%.

» How to Calculate Closing Costs for Seller in California: Break down the closing costs you incur as a CA home seller.

✅ Pros of Selling Your House to an iBuyer in California

  • Instant Cash Offer and Sale: iBuyers in CA make an offer in 24-48 hours. If you accept it, they will move fast to close on the property. Thus, you skip the annoyance that comes with a traditional home sale.
  • Fast Closing: When you sell to an iBuyer, you can close on your property in as little as 7 days. So, you skip the hassle of a traditional home sale by getting quick cash for your house.
  • Certainty of Sale: iBuyers are home-buying companies with enough finances. So, the chances of your home sale falling through are less than selling your home with a realtor.
  • No Upfront Costs: A home seller must spend on house repairs, real estate photography, virtual staging, etc., when listing on the open market. These costs get eliminated when you sell to an iBuyer.

❌ Cons of Selling Your House to an iBuyer in California

  • Non-Negotiable Cash Offers: The cash deal is usually take-it-or-leave-it when dealing with an iBuyer. You can’t expect more than 95% of the market value of your home. They provide final cash offers for homes to help sustain their business model with the re-selling profits.
  • Limited Coverage: iBuyers purchase homes only in the markets they operate in. So, selling a house for cash to an iBuyer is not a choice for most Americans. You won’t stand a chance if your property lies outside their coverage area.
  • 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 Companies That Buy Houses for Cash in California Work?

“We Buy California Houses for Cash” companies buy houses “as-is” at a much lower rate than the market price. They mostly work offline, and their primary 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 California cash house buyers will collect basic information via phone or online. Consequently, sellers have to share their home’s location and property condition.

Step 2 – Review the Preliminary Cash Offer: There is an initial assessment of your property. Then, 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 California home buyer 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 within ten days.

» Home Inspectors California: What do inspectors look for when inspecting a home in California?

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

Companies that pay cash for your house in CA often use the 70% rule. This means they’ll pay no more than 70% of your home’s market value.

However, sometimes, home repairs are required, and some cash house buyer companies in CA 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 FMV but needs $25,000 in repairs. Then, you might expect a cash offer of only $185,000 from the cash home buyer companies.

Conversely, you can list your home with a 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 local 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.

» Cash for Houses: Check out the top 15 companies that offer cash for houses in 2023’s slow market.

💲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 in CA” 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 a cash house buyer, you get a cash offer within 24-48 hours of submitting their online form.
  • Flexible Closing: “We Buy Houses Fast California” companies provide quick cash because they don’t have to wait for mortgage approval or listing paperwork. Many companies provide a two-week to a one-month closing guarantee.
  • No Service Fees: Companies offering cash for homes acquire your property as-is and don’t charge any service fees. Their lowball offers are enough to recover profits by reselling your property after anticipated repairs. Many cash home buyers in California also offer to cover the closing costs, saving you money.
  • No Upfront Costs: A home seller incurs costs while listing and prepping the house for sale, whether they choose a real estate broker or a Flat Fee MLS company. Since cash buyers acquire your home as-is, required repairs and marketing your home creatively are some expenses you can avoid.

❌ Cons

  • Non-Negotiable Cash Offers: As-is house buyers in CA generally extend a take-it-or-leave-it deal. Although there may be room for negotiations, you can’t expect more than 70% of the market value of your home. While some may let you make your case, they may refuse to budge on the price.
  • Lowball Offers: “We Buy Homes in California for Cash” companies generally pay 50% to 70% of the home’s Fair Market Value. They deduct all repair, utility, and re-selling expenses. Since they want to sell the home on the open market, they will offer you marginal prices to ensure a profit when they re-sell.

“We Buy Houses for Cash” California Scams

Cash home buyers are legitimate, but there are scammers in every industry. Two common “cash for houses” scams are:

1. 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 in CA then lease the property to a new tenant. However, the owner is still responsible for making the mortgage payments while losing control of the house.

2. Re-Assignment Clause in the Listing Agreement:

Often, 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 coverage may not be able to save you from such scammers!

Selling to Local Real Estate Investors in California

Selling to local real estate investors directly is an option if you don’t want to work with a cash home buyer. Investors that buy houses are always searching for properties.

Real estate cash buyers, also called retail cash house buyers, can be classified as:

  • House Flippers: They buy a house in CA, renovate, and re-sell the property on the open market.
  • Landowners or Landlords: They buy a home in California, renovate and rent the property.

You can find such investors either online or through in-person meetups. Real estate cash buyers in California often purchase the property as-is and acquire homes for less than the Fair Market Value. You can do a comparative price analysis and find how much your property is worth before you deal with local real estate investors.

🏘️ California House Flipping: Is flipping houses still profitable in 2023’s slow market?

Selling a Home in Poor Condition in California

Having a structurally unsound property with obnoxious items lying around can tempt you to sell your house to a “We Buy Houses for Cash” company in CA. You get to skip the repairs and expensive upgrades but lose the chance to get better offers on the open market.

A real estate agent can help you deal with an unwanted property without compromising the sale price and opting for a lowball offer. Your property directly gets exposure to 90% of potential buyers with an MLS listing. On an open market, you have the chance to get maximum cash for your distressed home.

👉 Cash for Homes: Check out the best companies that offer cash for distressed houses in the U.S.

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

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.

A realty agent in America will not save you 6% real estate commission. In fact, it 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.

» Multiple Listing Service California: Pick a Flat Fee MLS company and bypass agent commissions!

Should I Sell My Property for Cash to a Company That Buys Houses in CA?

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

We recommend you sell for cash in CA 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 offering cash for a house in California 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: Selling your house for cash could help you escape a negative credit impact if you’re facing foreclosure.
  • Own a Distressed Property: Most banks will not finance a property in poor condition. However, if your property is in poor condition, you can look for local house buyers who buy ugly houses for cash.

Listing on the MLS would be ideal if you can wait for a while. With high-tech FSBO 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 for Cash in California

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. If you’re still not convinced, here are a few more significant benefits:

  • MLS is the fastest way to hit the market. Further, 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.

👉 Flat Fee MLS CA: List your property on your local California MLS within 24 to 48 hours for just $349!

2. Hiring a Top Real Estate Broker

Top real estate brokers have the expertise to help you sell your property fast within a set timeline. They handle most of the work, making home selling hassle-free.

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

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

» Best Real Estate Brokers in California: Check out California’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. So, 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.

» California FSBO: Here’s how you can sell your home yourself if you have a buyer lined up to purchase your property.

California House Cash Buyers: Yay or Nay

Cash home buyers are a great choice if you are short on time or money. While iBuyers have strict purchase criteria, “We Buy Houses for Cash” companies in California buy distressed properties as-is.

But, if you have the luxury of time, consider Houzeo.com. Here, you can get multiple cash offers from different real estate investors.

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 free websites to list for sale by owner 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.com reviews and learn why it is one of the best FSBO sites in America.

Frequently Asked Questions about California Cash Buyers

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

Houzeo is the most popular platform for sellers looking for companies offering cash for homes in California. 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 in California?

List your home on Houzeo.com for multiple cash offers. You can also offer it to Opendoor or another cash buyer in California. 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 in California legit?

Yes! Many companies like We Buy Ugly Houses offer cash for houses in California. And these companies are legit, with franchises across the nation. However, cash buyer scams are common in America, so you should always research the company before signing any 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 in California take?

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

5. Do We Buy Houses companies in California 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 in California 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 in California?

With an instant cash offer, you can sell your house fast for cash in California. 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 California Home

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