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7 Best Companies That Buy Houses for Cash in Atlanta in 2024

9 mins read Nov 18, 2024
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Edited By

Carol Coutinho

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Editor
Edited By

Carol Coutinho

Editor, Houzeo
About

Carol C. is a versatile editor, expertly refining real estate content with precision and creativity. When not exploring market trends, she is immersed in the enthralling world of the theatre.

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Over 30.7% of all homes were bought with cash in Q2 of 2024, Atlanta made the list with 36.9%. This shows that cash is still king in the Big Peach.

Cash buyers offer a fast, as-is sale, often closing within 7 days. But which cash buyers will get you 100% of your home’s Fair Market Value? See our rankings below to find out and keep thousands in your pocket!

Reviews: 7 Top Cash Home Buyers in Atlanta

1. Houzeo.com: Atlanta’s #1 Cash Home Buyer Marketplace

Houzeo Logo

Max Exposure to Cash Buyers

Listing Fee: $399

4.9/5

10,020+ reviews
💲 Cash Offer Terms

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, increasing the number of offers you receive.

  • Fee: Houzeo does not charge any undisclosed closing fee.
    • $399 + $350 at Close: 6-month MLS listing, 24 photos
    • $399+0.5% at Close: Maximum photos, premium yard sign
    • $429+0.5% at Close: Pricing assistance, contract review, seller disclosures, licensed broker assistance
    • $449+1% at Close: Virtual full-service with licensed broker, offer negotiations
  • Typical Offer: Up to 100% of your property’s Fair Market Value.
  • Eligible Properties: On Houzeo Marketplace, you can 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 can access Houzeo’s advanced features to negotiate the best terms for your cash offer.

» Houzeo Reviews: Find out why Houzeo is one of America’s best cash buyer marketplaces.

⚡ Highlights

Houzeo is America’s #1 cash buyer marketplace because of 5 reasons:

  1. Max Exposure: Houzeo’s packages give you access to the MLS and 100s of websites like Zillow, Realtor.com, Redfin, etc.
  2. 5-Star Customer Service: Houzeo’s customer service desk is 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.
  4. No Listing Commission: You’ll pay just a small flat fee to list on MLS. You get to bypass the 3% listing agent commission! All fees are disclosed upfront, so there are no Houzeo hidden fees.
  5. Home Value Estimator: Houzeo’s home value estimator can get you a quick and free estimate of your property’s market value in 30 seconds.
🚩 Deal Breakers

There are no dealbreakers with Houzeo.

» Houzeo Pros and Cons: Read the advantages and disadvantages of choosing Houzeo to sell your home for cash.

⭐ Reviews

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

With Houzeo, your home gets maximum exposure to Atlanta’s best cash home-buying companies and individual investors. You could get multiple competitive offers for your home, driving up its final sale price.

2. Offerpad

Offerpad-Logo

QUICK CLOSING

Service Fee: 5%

2.7/5

180+ reviews
💲 Cash Offer Terms

Offerpad is an iBuyer that makes cash offers on homes that meet their eligibility criteria. This cash offer is based on their patented evaluation tool’s calculations.

  • Typical Offer: It is 70% to 80% of the market value of your property.
  • Service Fee: 5% of the home sale price and 1% as closing costs.
  • Eligibility: 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 foundational issues are not eligible.
  • Closing Offer Terms: They make an initial offer within 24 hours of submitting your details. However, the final offer may change after they conduct a home inspection.

👉 Our Take: When you sell to Offerpad, you can close in as early as 2 weeks. So, if you want to sell fast and are open to leaving cash on the table Offerpad is a good option.

⚡ Highlights
  • Lightning Fast Closing: With Offerpad’s cash-for-house offer, you can close your property in a fortnight.
  • Save on Minor Repair Costs: When you sell your house for cash, you don’t incur upfront costs to fix, prepare or stage your house.
  • Extended Checkout: You can extend your stay in your home even after the closing date.
  • Broad Coverage: Offerpad buys houses for cash in 27 markets across the country.
🚩 Deal Breakers
  • Lowball Cash Offer: Offerpad extends two offers- an initial one and a final one. The difference between the two can be quite high. One home seller was offered $189,000 initially but received a lowball offer of $149,000 post Offerpad’s home inspection.
  • High Service Fees: Offerpad charges a steep 5% service fee for their cash offer. This fee covers title insurance, escrow fees, HOA transfer fees, taxes, etc.
  • Offerpad Cancelation Fee – 1%: If you’re 4 days from closing and decline Offerpad’s cash offer, they’ll charge 1% of the home sale price as a cancelation fee.
⭐ Reviews

Offerpad has a 2.7 out of 5-star rating on TrustPilot.

» Offerpad Reviews: See what customers have to say about Offerpad.

Offerpad’s closing process is faster than other “cash for houses” companies. In certain states, they can close in just 15 days.

During the home sale, Offerpad quotes two prices: one before the inspection and one after. The difference between these offers is quite high. As per a customer review, the home seller was offered $189,000 but later received a lowball offer of just $149,000.

» Offerpad vs. Opendoor: Compare the two iBuyers before requesting a cash offer on your house.

3. We Buy Houses

Logo - We Buy Houses

QUICK AND EASY SALES

Service Fee: None

1/5

4 reviews
💲 Cash Offer Terms

We Buy Houses is a network of pre-vetted real estate investors. Each investor is thoroughly screened before being authorized to operate independently.

  • Service Fee: None
  • Typical Offer: 50% to 70% of the property’s fair market value.
  • Eligible Properties: Distressed properties with structural issues, homeowners facing relocation, flawed mortgage financing, inherited homes, or homes in high-crime neighborhoods.
  • Closing Offer Terms: We Buy Houses provides a flexible closing date, typically 7 to 14 days. The offer terms are not flexible.

👉 Our Take: We Buy Houses is an ideal option to sell your home quickly without the hassle of repairs. However, be prepared to settle for a lowball offer. 

⚡ Highlights
  • Fast Cash Offers: You will typically receive the initial cash offer within 2 days.
  • Zero Service Fees: We Buy Houses doesn’t charge any service fee in exchange for the convenience of selling your home for cash.
  • Fast Closing: We Buy Houses can complete the entire home sale process in just 7 days after you accept their offer.
  • Zero Repair Costs: When selling to We Buy Houses, you don’t need to prep the house or worry about repairs.
🚩 Deal Breakers
  • Service Quality Varies: We Buy Houses operates on a franchise model. It means service quality can vary depending on the location.
  • Limited Scope for Negotiation: We Buy Houses extends “take-it-or-leave-it” offers. You can try to negotiate, but usually, they won’t budge.
  • Unsolicited Calls: Some reviews mention receiving unsolicited calls and texts from the company.

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

⭐ Reviews

We Buy Houses has 1 star out of 5 on Better Business Bureau from only 4 customer reviews.

» We Buy Houses Reviews: Read this comprehensive review to learn more about the company.

WeBuyHouses.com is a private, pre-vetted network of real estate investors. We Buy Houses’ investors will buy properties as-is for cash. If your property is inhabitable and only needs some cosmetic repairs, you should consider making repairs. Nationwide investors scour the MLS for fix-and-flip homes, so you might get a competitive cash offer.

4. Opendoor

Opendoor Logo

BIGGEST IBUYER

Service Fee: 5%

4.4/5

3,330+ reviews
💲 Cash Offer Terms

Opendoor is the country’s biggest iBuyer. They offer cash for your home within 24 to 48 hours of submitting your details on their website. Opendoor is also flexible with closing timelines and move-out dates.

  • Service Fee: 5% of the home sale price.
  • Typical Offer: 70% to 80% of your property’s fair market value.
  • 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 after their offer. The final offer may change after the home inspection.

👉 Our Take: Opendoor will likely make a cash offer on your home quickly. But you will end up leaving almost 20% to 30% of your home equity on the table.

⚡ Highlights
  • Broad Coverage: Opendoor makes cash offers for houses in 51 markets across the country.
  • Flexible Closing Dates: Opendoor allows you to close at your convenience – up to 45 days after their offer.
  • Late Checkout up to 14 Days: Opendoor lets you temporarily stay in your home for up to 2 weeks after closing.
  • No Cancelation Fees: You can cancel the contract without any cancelation fee.
🚩 Deal Breakers
  • 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 charges a steep 5% service fee for their services.
  • 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.
⭐ Reviews

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

» Opendoor Reviews: Read customer reviews and our breakdown of Opendoor’s cash offer to make an informed decision.

You can get a maximum of ~80% of your property’s fair market value with this iBuyer. If you meet their eligibility criteria, you can sell your home and close the sale in just 2 weeks.

However, the Opendoor cash offer could be much lower than your property’s FMV. Their service fee is also a steep 5% of your home’s sale price. Moreover, their repair cost breakdown is not disclosed in the closing statement.

5. New Horizon Home Buyers

logo image

POPULAR CASH HOME BUYER

Service Fee: None

4.9/5

35+ reviews
💲 Cash Offer Terms

New Horizon Home Buyers is a reliable cash buyer that specializes in providing fair offers and support for selling your house as-is.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: New Horizon Home Buyers specializes in distressed properties facing structural issues, inherited properties, tenant problems, code violations, and more.
  • Closing Offer Terms: They offer a closing timeline of 7 to 30 days.

👉 Our Take: New Horizon Home Buyers is a reliable option for homeowners seeking a trusted cash buyer. However, they have a minimal coverage area.

⚡ Highlights
  • Fast Cash Offer: Get an offer in approximately 24 to 48 hours.
  • No Additional Charges: You won’t even need to pay any extra fees, as they even cover your closing costs.
  • No Renovation or Repair Costs: New Horizon Home Buyers purchase houses as-is. You do not need make any repairs to your house before the sale.
🚩 Deal Breakers
  • Non-negotiable Offer: New Horizon Home Buyers 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.
  • Limited Coverage: They provide services only in selected states such as Georgia, Tennessee, Arkansas, Alabama, Louisiana, South Carolina, North Carolina, Florida and Texas.
⭐ Reviews

New Horizon Home Buyers has 4.9 out of 5 stars with 35+ reviews on Google.

» New Horizon Home Buyers Reviews: Know why it is not the best way to sell with New Horizon Home Buyers in 2024.

 

New Horizon Home Buyers is based in Chattanooga, Tennessee. However, they provide services in major cities of Georgia, including Macon, Ringgold, Ft. Oglethorpe, Augusta, Atlanta, and Gainesville. They will offer up to 70% of your home’s market value. They will then flip it and sell it for profit.

6. We Buy Ugly Houses

We Buy Ugly Houses Logo

NATIONWIDE COVERAGE

Service Fee: None

2.6/5

5 reviews
💲 Cash Offer Terms

We Buy Ugly Houses is a well-known cash home-buying company that helps homeowners sell their houses fast. It offers a fast, hassle-free sale without the need for repairs or renovations.

  • Sell at $0 Commission: You can sell your home with a few photos and a basic property description without paying any agent commission.
  • No Closing Costs: You don’t have to pay any closing costs as the company pays them.
  • Typical Offer: 50% to 70% of your property’s fair market value.

👉 Our Take: We recommend We Buy Ugly Houses for a quick and hassle-free sale. You can negotiate the price for your home and close the deal without closing fees.

⚡ Highlights
  • Sell Your Home As Is: You can save thousands in repair costs by selling your distressed home as is.
  • Cash Offer in Any Condition: You can get a cash offer, no matter what shape your home is in.
  • Quick Closing Timeline: Once you accept the offer, you can sell your house within 2 weeks.
🚩 Deal Breakers
  • Low Ball Offers: Cash offers are typically 50% to 70% of your home’s fair market value, depending on its condition and location of the house.
  • Limited Negotiation: You might have less room to negotiate the final offer.
  • Not Ideal for High-Value Homes: This option may not be best for homes in high-demand areas where you could get more by listing on the MLS.
⭐ Reviews

We Buy Ugly Houses is rated 2.6 out of 5 stars on Yelp

» We Buy Ugly Houses Reviews: Read this in-depth review to learn more about them.

 

We Buy Ugly Houses, a trademark of “HomeVestors,” operates on a franchisee model. Each WeBuyUglyHouses franchisee has its own rules, so the cash offer terms and service quality may not be consistent. If your house needs dire repairs, they make cash offers starting from 30% of its FMV.

7. Maximum Cash Home Buyers

cash home buyers in atlanta

INSTANT OFFERS

Service Fee: None

5/5

72+ reviews
💲 Cash Offer Terms

Maximum Cash Home Buyers is a trusted cash home buyer company that offers a fast, hassle-free process for homeowners looking to sell their properties quickly and as-is.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: All properties including inherited homes, relocating, mold affected, and facing foreclosure.
  • Closing Offer Terms: You can close within 7 to 30 days.

👉 Our Take: Maximum Cash Home Buyers is suitable for local GA home sellers. Be prepared to negotiate, as you might receive a lower initial offer.

⚡ Highlights
  • Fast Cash Offers: Maximum Cash Home Buyers will give you a tentative offer in approximately 24 hours.
  • Sell As-Is:  You can sell your home as-is without any repairs or cleaning up.
  • Flexible Closing: You can close in as little as 3 weeks or any time you choose.
  • No Additional Cost: You are not required to pay any extra charges, even if your closing costs are covered.
🚩 Deal Breakers
  • Low Ball Cash Offers: Maximum Cash Home Buyers, final cash offer may be below the property’s fair market value, around 70%.
  • Non-Negotiable Cash Offers: The offer you get is usually way below the fair market value. They rarely increase the price quoted in the initial cash offer.
  • Limited Coverage: Maximum Cash Home Buyers operates in about 30 cities in Georgia. Homeowners outside these areas may have difficulty accessing their services, limiting help for those who need it.
⭐ Reviews

Maximum Cash Home Buyers has 5 out of 5 stars with 72+ reviews on Google.

» Maximum Cash Home Buyers Reviews: Read our in-depth review on Maximum Cash Home Buyers.

Maximum Cash Home Buyers is a local GA-based cash buyer. It was founded in 2009 by Chris and Megan Burrow. With this cash buyer, you will only get 50%-70% of your house’s fair market value. Their services are limited only to the Peach State.

Are Companies That Buy Houses for Cash in Atlanta Legit?

Yes, companies that buy houses for cash are legitimate and operate legally nationwide. They purchase distressed properties at a discount, renovate them, and then sell them for profit.

🚨 Beware of Cash Home Buying Scams: Some “cash for houses” companies in Atlanta may extend lowball offers or engage in deceptive practices. Remember, legitimate cash home buyers will never ask for your property’s title deed when you request a cash offer.

3 Types of Companies That Buy Homes in Atlanta

  • We Buy Houses for Cash Companies: They typically extend offers for distressed homes and pay 30% to 70% of the properties’ FMV. These companies include popular names like HomeVestors and We Buy Houses.
  • iBuyers: They offer instant cash offers that are 70% to 80% of the FMV. Additionally, Opendoor and Offerpad have strict eligibility requirements, limiting the types of homes they purchase.
  • Home Trade-In Services: These cash home buyers give you an advance on your cash offer before you move out, ensuring a smooth and hassle-free transition. Companies like Knock or Orchard provide this service.

4 Steps to Sell Your Home for Cash in Atlanta

If you’re wondering how to sell your home for cash in Atlanta, here’s what you need to do:

  1. Find a Cash Home Buyer: Research all companies buying houses for cash in your area. Choose one based on client testimonies and positive online reviews.
  2. Request an Offer: Once you’ve selected a cash buyer, request an offer on their website. You must provide information such as property type, number of bedrooms and bathrooms, asking price, etc. You will also have to give the reason for the home sale.
  3. Schedule a Home Visit: A representative from the company will come to inspect your house. They will then give you their final cash offer.
  4. Close the Deal: If you’re happy with the offer, finalize the deal. Remember to get all the paperwork for selling a house without a Realtor verified by a real estate attorney.

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

Cash buyers in Atlanta usually offer between 30% to 70% of a home’s After-Repair Value. The offer also depends on factors like the company you’re selling to, their service fees, etc. The After-Repair Value is calculated as follows:

After-Repair Value (ARV) = Property Purchase Price (PPP) + Cost of Repairs (COR)

Imagine if you’re selling your $394,725 home in Atlanta. With a traditional cash home buyer, you could get just $276,308. But, with a cash buyer marketplace like Houzeoyou only pay $749 and get up to $393,976!

Service ProviderService FeePotential Offer (of the ARV)Actual Offer Amount
Cash BuyerNone70%$276,308
iBuyer5%80%$315,780
Houzeo$749*Up to 100%$393,976
* Houzeo’s Bronze Plan costs $399 and has a $350 closing fee.

📢 NAR Settlement Saves Sellers Thousands in Commission

The NAR Settlement went into effect on August 17, 2024. Buyer agent commissions can no longer be offered on the MLS. This means sellers will save thousands! But it also means there’s a lot more compliance and litigation risks.

Here’s what this means for you:

  • Sellers Can Save Thousands in Commissions: You will likely pay much less than the traditional 3% buyer agent commission. That’s because buyer agent commissions will be negotiated twice: Once when buyers engage buyer agents, and again when sellers review offer contracts.
  • Seller Priority #1 Will Be Paperwork (to Mitigate Compliance & Litigation Risks): Buyer agents mitigate all types of risks. From seller disclosures, offer contracts, contingencies, inspections, repair requests, appraisal, and closing – Buyer agents keep the paperwork tight. Their state licensing authorities, Realtor associations, and MLS’ audit paperwork compliance. Without buyer agents, sellers will have to learn and adapt. Or risk expensive litigation.
  • Negotiations Can Now Feel Like Haggling: Buyer agent commissions will now be part of offer contracts and buyer agency agreements. Buyers may ask sellers to include commissions in the form of seller concessions. That means home buyers and sellers alike will be negotiating commissions. Sellers will need expert licensed brokers to help them with these negotiations.
  • Buyer Agent Commissions Can Be Offered Offline: Buyer agent fees can still be offered outside of the MLS. They just cannot be advertised on the MLS.

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Pros and Cons of Companies That Buy Houses for Cash in Atlanta

✅ Pros

  • Fast Cash Sale: Typically, sellers must list on MLS in Georgia and wait for potential buyers. “We Buy Houses for Cash” companies offer a cash deal within 24-48 hours.
  • Flexible Closing: Cash buyers in Atlanta close quickly and on your timeline. So you can sell your home anywhere between 7 days to 30 days as per your convenience.
  • Zero Service Fees: Atlanta’s cash house buyers don’t charge any service fee. Their net profit is enough to sustain their fix-and-flip model.

❌ Cons

  • Lowball Cash Offers: Cash companies that buy homes in Atlanta typically pay 30% to 70% of market value, deducting repair and resale costs.
  • Non-Negotiable Deals: When dealing with cash home buyers, the offer is usually take-it-or-leave-it.
  • Possible Closing Costs: Some buyers may require you to pay seller closing costs, so always review terms carefully.

Alternatives to Companies That Buy Houses for Cash in Atlanta

  • List Your Home With a Flat Fee MLS Service: You can get up to 100% of your home’s market value with a Flat Fee Georgia MLS listing. Your home is visible to multiple cash buyers and investors, increasing your offers.
  • Hire a Traditional Full-Service Realtor: When you opt for a full-service Atlanta Realtor, you will have to shell out a 5% to 6% commission. That’s $23,684 on a $394,725 home gone!
  • List With a Discount Real Estate Broker: They are real estate professionals who offer the same services as traditional agents but for a lower fee. Discount real estate brokers in Georgia charge between 0.5% to 2% as fees.
  • Sell “For Sale By Owner”: In a FSBO sale, you’ll have to opt for “DIY” marketing strategies like using FSBO signs and word of mouth. But your listing won’t be on Zillow, Trulia, and Realtor.com. Meanwhile, paid For Sale By Owner sites in Georgia will help you list on the MLS and increase exposure.

Should You Sell to Companies Buying Houses in Atlanta?

Yes, but only if you want to sacrifice thousands of dollars. By accepting an offer from a single cash buyer, you may receive only 30% to 70% of your home’s value, sacrificing equity for a quick sale.

If you want the best of both worlds, a cash buyer marketplace is your best bet. Within 24 hours, your home will be visible to multiple local and national cash buyers, boosting your chances of competitive offers.

Frequently Asked Questions

Which is the best company that buys houses for cash in Atlanta?

Houzeo is the best cash marketplace for selling homes for cash in Atlanta. Companies like Opendoor and HomeVestors have extended offers on homes listed on Houzeo.

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

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

How fast can I sell my Atlanta house?

You can sell your house in 7 to 30 days when selling to cash buyers in Atlanta.

» How to Sell a House Fast in Atlanta: Learn how you can get your home sold in no time in the Big Peach.

What to look for when choosing cash home buyers?

Look for legitimate cash home buyers that have a great reputation in the industry. They should have positive customer reviews on platforms like Google that highlight their transparent processes and fair offers.

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