The company We Buy Houses in the USA buys homes fast for cash and in as is condition. WeBuyHouses.com is not a franchise, but a marketing program for real estate investors who have established buying and selling processes.
- Pros: WeBuyHouses.com make all-cash offers and buy your property in as-in condition.
- Cons: They make lowball cash offers.
- Bottomline: We recommend you to collect and compare offers from all local and national cash buyers by listing on the MLS via Houzeo.com.
What is We Buy Houses?
Founded in 1996, We Buy Houses is a cash home buying company in the USA with over 2,700 offices nationwide. It buys houses in any condition for cash, makes repairs to the property, and sells them for a profit.
We Buy Houses investors buy properties at a steep discount from distressed sellers who may be dealing with:
- An inherited home
- A house that needs a lot of repairs
- A rental property with bad tenants
- A house in foreclosure
- Underwater home mortgage
Each We Buy Houses office is independently owned and operated by a We Buy Houses licensee—a pre-screened real estate investor who has the exclusive right to use We Buy Houses marketing materials and tools in their county or city.
|🔍 Coverage||Over 2,700 offices nationwide|
|⏱️ Time to Offer||24 to 48 hours|
|📅 Time to Close||Within 7 to 14 days|
|🏆 Customer Reviews Rating||3.67 out of 5 ratings on BBB (WeBuyHouses.com Reviews)|
» We Buy Houses for Cash Companies: Check out America’s top 13 companies that buy homes for cash
How Does We Buy Houses Work?
Getting a cash offer from We Buy Houses is fairly straightforward.
⭐ Step 1- Contact We Buy Houses
Add your basic property information on the We Buy Houses website. It includes your zipcode, the price you expect to receive for your property, the type of property (single-family, multi-family, etc.), and the reason for selling the property.
⭐ Step 2- Schedule an Inspection
Once all the basic information is received, We Buy Houses will arrange a time as per your convenience to visit your home for inspection.
⭐ Step 3- Receive a Cash Offer from WeBuyHouses.com
After the inspection, WeBuyHouses.com will present you with a firm cash offer, including all estimated repair and closing costs. You can expect to receive a cash offer within 24 to 48 hours.
⭐ Step 4- Close the Deal in as Little as Two Weeks
Once you accept the offer then you can work with the We Buy Houses investor to schedule a closing and complete the sale.
👉 IMPORTANT: Before you request a cash offer from We Buy Houses, review the local housing sales data & determine the Fair Market Value (FMV) of your property.
Are We Buy Houses Legitimate?
Yes, WeBuyHouses.com is a legitimate real estate website in the USA that connects homeowners seeking a quick cash offer for their home with a qualified local home buyer.
We Buy Houses has established some standards that its nationwide licensees must adhere to. This gives them greater credibility than unregulated cash buyers. Investors must pass a background check conducted by We Buy Houses to use its brand name. They also pay a one-time license fee of $20,000 and a flat monthly service fee of $1800.
Some of the criteria for holding a We Buy Houses office are:
- Clear background with a good credit score
- Their reputation in the local market
- How many years of experience they have in the real estate industry
- Number of houses they’ve purchased
How Much Do We Buy Houses Pay?
Cash home buyers frequently apply the 70% rule. That means they’ll only pay 70% of your home’s market value. Moreover, there are also repairs. These costs are deducted by cash buyers.
For Example: Let’s say, your house is worth $300,000 but needs $25,000 in repairs. Then you can expect a $185,000 cash offer from WeBuyHouses.com.
On the open market, you can find a deal equal to or greater than your home’s current market value. For the best price and terms, an MLS listing is the best way to get maximum exposure to all-cash buyers.
Check out the difference between selling your home by listing it on the open market with the help of an agent and accepting We Buy Houses’ cash offer.
|Selling Your Home with an Agent||Selling Your Home to WeBuyHouses.com|
|No closing costs for sellers||The seller incurs closing costs|
|Listing fees or 5% to 6% commission (including buyer agent’s commission)||No fees|
|Scope for negotiation||No scope for negotiation|
|Get a deal equal to or greater than the home’s market value||Receive a cash offer lower than the home’s market value|
|The seller incurs repair costs||The seller can sell property in as-is condition|
Selling to We Buy Houses is a quick and hassle-free option, but working without representation may cost you money. An agent can tell you if you’re getting the best deal and can negotiate on your behalf. The benefits of selling your property on the MLS platform far outweigh those of accepting a cash offer.
With Houzeo, you can get your property listed on MLS.
👍 BETTER IN ALL – AGENTS, SERVICES & SAVINGS!
Why pay a higher commission for a lower service? With Houzeo you can get better services at an affordable price!!
- 👩💼Qualified and Reputed Agents
- 💰You list your home at a very reasonable price within 24 hours
- 📣 Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other sites
- ⭐ 5-Star Customer Support
- ❌ You can cancel anytime with no obligation
We Buy Houses Reviews
We Buy Houses in the USA has customer reviews and testimonials on credible websites like BBB with 3.67 out of 5 stars (6 reviews).
Going by the WeBuyHouses.com reviews, the main perk is that its investors are pre-screened and must pay a license fee to use the brand’s logo in their advertising. Because of this, they have greater credibility than the typical private cash buyer.
Common We Buy Houses’ positive reviews talk about brand credibility, ease of transaction, and good customer service experience. Since each We Buy Houses office is independently owned and operated, your experience may vary depending on which investor you work with.
✅ They Buy Houses as is
We Buy Houses buy houses in as-in condition, even if your property is facing foreclosure or is in dire need of heavy repairs. They also consider rental properties for purchases.
» Selling Your House as is: Read Our Step-By-Step Guide for Home Sellers
✅ They Close Fast
They close in as little as two weeks. If you’re in a difficult situation and you need to sell your home quickly, selling to a cash buyer like We Buy Houses might be worth considering.
✅ They Are Available Nationwide
We Buy Houses investors are available across the USA, which makes it easily accessible.
⛔ Lowball Offers
The We Buy Houses investor views your house as an investment opportunity, hence your offer price may be much lower than market price of your property.
⛔ Lack of Representation
A realtor or an agent negotiates for your property on your behalf for a 3% commission. In the absence of a representative, you’ll likely find it challenging to get top dollar for your property.
⛔ Lack of Standard Service
Local real estate investors independently own and run We Buy Houses offices. So, your experience with the company is determined entirely by how your local investor pilots you through the process.
💲 Multiple Cash Buyers Compete for Your Property on the MLS
Listing on Houzeo will get you maximum exposure to local cash buyers. More competition means top dollar offers for your home sale!
START A FREE LISTING NOW
Even if you have a pressing need to sell your house fast for cash, we advise you to spend a few days looking over some superior alternatives to WeBuyHouses.com to ensure that you receive a fair market price for your home and prevent financial loss.
1. Other We Buy Houses for Cash Companies
There are other “We buy houses for cash” companies in the market. You can request an offer from multiple cash companies and pick the one that suits you the best.
» “Cash for Houses” Companies: Understand how they work and which are some of the best companies in this category.
“Cash for Houses” Companies Near You
2. iBuyer Companies
iBuyers, short for instant buyers, are large real estate companies that buy homes for cash. iBuyers have a strict standard for buying homes. They acquire a home in a fairly good condition that they can list quickly. They too make an all-cash offer within 48 hours and can close within two weeks.
» iBuyer Reviews: Check out our 2022 rankings for all iBuyers companies in the U.S.
3. Sell in the Open Market Without a Realtor
Selling a house without a realtor is easier than ever and the process is not as daunting as you may think. Many For Sale By Owner (FSBO) and Flat Fee MLS companies like Houzeo.com make the home selling process a cakewalk. And they ensure top dollar for your property.
Why It’s #1: Houzeo gives you the best combination of max exposure, 5-star customer service, fast listing & changes, and cutting-edge technology.
Packages: Houzeo offers 4 For Sale By Owner MLS listing packages.
- Bronze Package – $299+: It is the best for selling a lot or land property by the owner. Your FSBO listing gets syndicated to Zillow, Trulia, Realtor, Redfin, and more.
- Silver Package – $349+: This includes everything that FSBO home sellers typically look for.
- Gold Package – $399+: Gold is Houzeo’s signature MLS package and includes all the technology Houzeo is known for: Houzeo Showings, Houzeo Offers, and DigiTransact.
- Platinum – $999+: It includes the assistance of a licensed broker to help you with negotiations, disclosures, and closing.
👉 Our Recommendation: We recommend Houzeo’s Gold Plan for most home sellers. The Gold plan includes all of the advanced features Houzeo is known for. If you are on a budget, Houzeo’s Silver plan is comparable to most companies’ For Sale By Owner packages.
» Houzeo Reviews: Houzeo.com has a 4.9/5 rating with thousands of reviews
- 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 sites
- Fast Listing: Rush listing option gets you listed within a business day with Houzeo Concierge
- 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’s locations and coverage
Houzeo is available nationwide with coverage in 200+ markets.
Introducing the Houzeo Mobile App!
- View your listing
- Manage your showings online
- Review and compare offers
- Counter an offer
- NEW! Buyers can now search your property and save it in “Favorites”
» Flat Fee MLS Companies: Everything you need to know about the best flat fee MLS companies in the USA.
Bottomline: Should You Sell Your House to WeBuyHouses.com?
If you want a quick, hassle-free sale and are willing to leave money on the table, WeBuyHouses.com could be a legitimate option for you to consider. Otherwise, we do not recommend selling your home to WeBuyHouses.com.
Listing on the MLS via Houzeo.com will expose your property to local and national cash home buyers, and help you get top dollar for your property.
» Sell My House Fast For Cash: Find out how you can get top dollar for your property and still close fast.
Frequently Asked Questions
1. Are We Buy Houses for cash companies a ripoff?
While We Buy Houses for cash companies are legit, they also make lowball offers for your property. The sale is hassle-free and quick, but you will inevitably get a higher deal if you sell your house on the open market.
2. Is We Buy Houses a scam?
No, We Buy Houses is not a scam. It is a legit cash-buying company operated by independent and registered investors. If you need to sell your property in a couple of weeks, if your house is severely damaged, or you're facing foreclosure, they can help you with a swift exit.
3. What is WBH real estate?
WBH stands for We Buy Houses, a company that purchases homes fast for cash. It is sometimes mistaken for "We Buy Houses for Cash" companies due to its generic name.
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