7 Best Companies That Buy Houses for Cash in San Diego, CA (2023 Updates)

Houzeo is the best option if you’re looking for multiple cash offers. Your MLS listing will be exposed to local and national cash buyers. In an attempt to win your property, investors could make multiple cash offers for your home.

• Service Fee – $349: Houzeo does not charge a 5% service fee or any undisclosed closing fee.
• Typical Offer: Up to 100% of your property’s fair market value (FMV)
• Eligible Properties: On Houzeo Marketplace, you can market properties in any condition and sell your house as is.
• Closing Offer Terms: You can specify your preferred closing date and the closing offer terms.

👉 Our Take: For sellers looking to maximize their cash offers, we recommend Houzeo’s Gold plan. You will have access to Houzeo’s advanced features to negotiate the best terms for your cash offer.

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

Houzeo is a real estate marketplace and America’s #1 Flat Fee MLS service because of 4 reasons:

1. Max Exposure: Houzeo MLS packages give you access to the MLS and 100s of websites like Zillow, Trulia, Realtor.com, Redfin, etc.
2. 5-Star Customer Service: Houzeo has a fully staffed customer service desk available 6 days a week. Chats and emails are open 7 days a week.
3. 100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers.  Houzeo Mobile App is also very powerful.
4. No Listing Commission: In most states, you’ll be paying just a small flat fee to list on MLS. Houzeo covers 47 states + DC! And remember, all fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the listing agent commission!

There are no dealbreakers with Houzeo. Check out the blog on Houzeo pros and cons.

» Houzeo Reviews: Houzeo is rated “Excellent” with a 4.9 out of 5-star rating by 4,523 home sellers on Google and Trustpilot!

Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.

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

• Service Fee: 5% of Home Sale Price.
• Typical Offer: 70% to 80% of your property’s fair market value (FMV)
• Eligible Properties: Opendoor will make cash offers only on owner-occupied properties built post-1930 with a maximum lot size of 1.5 to 2 acres. Prefabricated homes, inherited properties, or homes with tenants do not qualify for Opendoor’s cash offer.
• Closing Offer Terms: Opendoor lets you close at your pace, up to 45 days out. The final offer terms may change after the home inspection.

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

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

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

In our research, we came across some deal breakers with Opendoor.

• Lowball Cash Offer: Opendoor’s final cash offer may be below the property’s fair market value, around 70%. They also deduct repair and closing costs.
• Hefty Service Fees: Opendoor revises the final cash offer based on the inspection report. The service fees can go from 5% to 14%. This is significantly higher compared to the 6% realtor commission.
• Opendoor May Back Out of the Deal: Some homeowners have had a bad experience with Opendoor. Opendoor backed out of the cash deal at the last minute, leaving the homeowner stranded.
• Undisclosed Repair Cost Breakdown: The difference between Opendoor’s preliminary offer vs. final offer can be humongous. In many cases, sellers were forced to pay for unnecessary “repairs.”
• Strict Eligibility Criteria: Opendoor doesn’t pay cash for inherited properties, homes with tenants, pre-fabricated or mobile homes, and properties located in a flood zone.

» Opendoor Complaints: Check out the common complaints of Opendoor.

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

» Opendoor.com Review: Does Opendoor pay the market value of your property?

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

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

• Service Fee: 6% of Home Sale Price
• Typical Offer: 70% to 80% of Fair Market Value (FMV)
• Eligible Properties: Offerpad offers cash for houses built after 1960, with a maximum lot size of 1 acre and a max valuation of up to 1M. Homes with significant foundational issues or rundown properties are not eligible. Check this out to know more about offerpad criteria.
• Closing Offer Terms: When you sell to Offerpad, you can close as early as 7 days. The initial offer terms may change after the inspection of your house.

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

• Lightning Fast Closing: With Offerpad’s cash-for-house offer, you can close your property in seven days.
• No Need to Fix the Property: When you sell your house for cash, you don’t incur upfront costs to fix, prepare or stage the house.
• Extended Checkout: Long-term stay option for house sellers who want to push their closing date after acceptance.
• Broad Coverage: Offerpad buys houses for cash in 27 markets- Birmingham, Phoenix, Denver, Fort Collins, Fort Myers, Jacksonville, Atlanta, Kansas City, etc.

» What is Offerpad? Check this out to know more about them.

In our research, we found some issues associated with Offerpad Real Estate.

• Lowball Cash Offer: Offerpad’s cash offer is below market value, typically around 60% to 80% of the fair market value.
• High Service Fees: The Offerpad cash offer is readjusted based on repairs identified by the home inspector. The service fees can go up to 13% of the home sale price.
• Offerpad Cancellation Fee – 1%: If you are only 4 days out of your closing date and you decide not to accept Offerpad’s cash offer, Offerpad charges a cancellation fee of 1% of the home sale price.
• Inflated Repair Costs: Offerpad’s final cash offer is calculated after deducting home repair and seller closing costs. The difference between Offerpad’s initial offer and the final offer is huge.

» Offerpad Review: Read the in-depth review of Offerpad.

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

» Offerpad Review: Check out customer reviews of Offerpad.

Gordon Buys Homes is a company that buys houses for cash in San Diego, California. The company buys houses as-is with no obligation cash offers. They involve an escrow company in the closing transaction to ensure all parties are protected.

• Service Fee: None
• Typical Offer: 50% to 70% of Fair Market Value (FMV)
• Eligible Properties: 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 Offer terms: The closing timeline is flexible, and anywhere between 7 to 30 days.

👉 Our Take: Gordon Buys Homes is for home sellers looking to sell houses as-is, but only expect offers below fair market value.

• Instant Cash Offers: You can get an offer within 24 hours.
• Quick Closing: You can close in as little as 7 days.
• Sell As-Is: You do not need to stage the home for listing or worry about making repairs.

In our research, we found some major drawbacks of Gordon Buys Homes:

• Lowball Cash Offer: Gordon Buys Homes pays less than what sellers could gain on the open market. The cash offer is ~50% to 70% of the property’s FMV.
• Gordon Buys Homes is Not 100% Online: Gordon Buys Homes has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. They don’t even have a mobile app.

Gordon Buys Homes have 4.9 out of 5 stars from 82 reviews on Google Reviews.

Express Homebuyers is a real estate investor network that makes all-cash offers on houses. This home-buying company is best for sellers who don’t wish to prep their property or make repairs as they buy properties “as-is.”

• Service Fee: None
• Typical Offer: 50% to 70% of Fair Market Value (FMV)
• Eligible Properties: 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 Offer Terms: Express Homebuyers purchase homes in under 7 days, or a convenient date of your choice.

👉 Our Take: 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 Reviews: Is there really no service fee?

• Fast Cash Offer: Express Homebuyers presents a preliminary cash offer within 7 minutes!
• No Obligations Offers: You will get a free, no-obligation offer for your property even damaged ones.
• Near Nationwide Coverage: Express Homebuyers offers cash for houses in almost all states, including top states like California, Texas, and Florida.
• Flexible Closing Date: Closing dates can be finalized as per the owner’s terms.
• No Additional Charges: Express Homebuyers has no service fees, they even pay the closing costs.
• Sell As-Is: You save on repair costs, and sell your house as-is.

» What is Express Homebuyers? Check this out to know more about them.

• Poor Customer Support: Previous clients have complained about their lack of communication and half hearted responses.
• Non-Negotiable Offer: Express Homebuyers will not offer more than 70% of your property’s fair market value. After a thorough home inspection, they quote an offer based on the after-repair value.

Express Homebuyers has a rating of 4.2 out of 5 stars with 112 reviews on Google Reviews.

» Express Homebuyers Review: Check out our exclusive reviews of Express Homebuyers.

SoCal Home Buyers is a professional Real Estate investment company founded by Doug and Andrea Van Soest. SoCal Home Buyers will make cash offers on a property, no matter how distressed it is.

• Service Fee: None
• Typical Offer: 50% to 70% of Fair Market Value (FMV)
• Eligible Properties: Distressed properties with structural damage, inherited properties, tenant problems, code violations, etc.
• Closing Offer Terms: SoCal Home Buyers’ offer terms are rigid, but you can try negotiating for a better cash offer and terms.

👉 Our Take: Despite its limited coverage, SoCal Home Buyers is well-versed in extending their home-buying cash offers and term flexibility.

• Instant Cash Offers: SoCal Home Buyers give cash offers within 24 hours of the site visit.
• No Additional Fees: They charge no service fees, they even cover the closing costs.
• Sell As-Is: You do not need to make repairs or renovate anything and sell the house as-is.

SoCal Home Buyers has some drawbacks that you should know of:

• Lowball Cash Offer: SoCal Home Buyers’ cash offer is below market value, typically around 60% to 80% of the fair market value.

SoCal Home Buyers have a 4.9 out of 5 stars from 27 reviews on Google Reviews.

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

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

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

» HomeVestors Reviews: ALL you need to know about America’s biggest cash house buyer network.

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

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

In our research, we came across some deal breakers with HomeVestors.

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

HomeVestors has 2.2 out of 5 stars with 5 reviews on Better Business Bureau. HomeVestor’s Dallas office has a 3.2 out of 5 stars, with 24 reviews on Google.

» HomeVestors Review: Is HomeVestors the best traditional cash buyer in 2023?