In Q2 2024, over 30% of US homes sold for cash. A cash sale means no repairs, no delays, and a quick 7-14 day closing. No wonder homeowners ditch repairs and choose cash buyers for a hassle-free sale in the Capital of the World!
But here’s a downside! Cash buyers offer just 30% to 70% of your home’s Fair Market Value. Don’t stress—just enter a cash buyer marketplace. Here you can receive offers that can reach up to 100% of your home’s value!
Reviews: 5 Best Cash Home Buyers in Washington D.C.
1. Houzeo.com: Washington D.C.’s #1 Cash Home Buyer Marketplace
MAX EXPOSURE TO CASH BUYERS
Listing Fee: $199Houzeo 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.
- Pricing:
- Silver Plan – $199: 6-month MLS listing, 24 photos.
- Gold Plan – $249: Maximum photos, contract review, seller disclosures, licensed broker assistance.
- Platinum Plan – $299: Everything in Gold with a 12 month listing and virtual full-service with licensed broker.
» Houzeo Reviews: Find out why Houzeo is one of America’s best cash buyer marketplaces.
Houzeo is America’s #1 cash buyer marketplace because of 5 reasons:
- Max Exposure: Houzeo’s packages give you access to the MLS and 100s of websites like Zillow, Realtor.com, Redfin, etc.
- 5-Star Customer Service: Houzeo’s customer service desk is available 6 days a week. Chats and emails are open 7 days a week.
- 100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers.
- No Listing Commission: You’ll pay just a small flat fee to list on MLS. You get to bypass the 3% listing agent commission!
There are no dealbreakers with Houzeo.
» Houzeo Pros and Cons: Read the advantages and disadvantages of choosing Houzeo to sell your home for cash.
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 Washington D.C.’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. 1-800-CashOffer
NATIONAL COVERAGE
Service Fee: None1-800-CashOffer is a property tech company offering service across all the 50 states. They are local home buyers who do not charge any commissions or apply discounts to the offer price.
- Service Fee: None
- Typical Offer: 50% to 70% of Fair Market Value (FMV)
- Eligible Properties: 1-800-CashOffer purchase commercial buildings, duplexes, quadplexes, condos, townhouses, apartment complexes, bare land, and mobile homes with land attached.
- Closing Offer Terms: The cash home buyer begins the home purchase process on the date on time of your choice. Additionally, the company can close the sale within a week, or at a later date if you need more time to relocate.
👉 Our Take: 1-800-CashOffer is perfect for home sellers seeking a stress-free move, as the company handles everything, from clearing out old furniture to removing trash and clutter.
- No-Obligation Deal: The cash buyer makes you an offer and lets you evaluate all the options. You can choose to sell to them only if you are satisfied with their services and offers.
- Zero Service Fees: 1-800-CashOffer doesn’t charge any transaction fees, commissions, or repair costs.
- Buys Distressed Properties: The cash company buys completely fire damaged and outdated homes in as-is condition.
» Pros and Cons of 1-800-CashOffer: Read further to know the advantages and disadvantages of the cash home buyer.
- Low Non-Negotiable Offer: 1-800-CashOffer buys homes for ~50% to 70% of the property’s market value, and is usually non-negotiable.
1-800-CashOffer has 5 out of 5 stars from 1 customer review on the Better Business Bureau.
» 1-800-CashOffer Reviews: Read our in-depth analysis on the cash buyer.
Founded in 2004, 1-800-CashOffer is one of the oldest cash home buyer networks in the U.S. They allow you to start the selling process by simply calling their toll-free number. The company provides a fast and hassle-free transaction, which enables you to close the deal in as little as 7 days.
However, the cash buyer will offer you not more than 70% of the home’s fair market value. Thus, 1-800-CashOffer might not be an ideal choice if you want maximum profit from the sale.
3. We Buy Ugly Houses
NATIONWIDE COVERAGE
Service Fee: NoneWe Buy Ugly Houses is a well-known cash home-buying company that helps homeowners sell in any condition. It offers a fast, hassle-free sale without the need for repairs or staging.
- Service Fee: None
- Typical Offer: 50% to 70% of your property’s fair market value.
- No Closing Costs: You don’t have to pay any seller closing costs; it is covered by the company.
- Eligible Properties: Distressed properties with structural issues, homeowners facing relocation, homes with flawed mortgage financing, inherited homes, or homes in high-crime neighborhoods.
Here are some of the benefits that you get with We Buy Ugly Houses:
- Sell Your Home As Is: You can save thousands in repair costs by selling your distressed home.
- 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.
- Quick Closing Timeline: Once you accept the offer, you can sell your house within 2 weeks.
In our research, we have found certain drawbacks of We Buy Ugly Houses:
- Low Ball Offers: Cash offers are typically 50% to 70% of your home’s fair market value, depending on the 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.
We Buy Ugly Houses is rated 4.9 out of 5 stars from 90+ reviews on Google.
» We Buy Ugly Houses Reviews: Read this in-depth review to learn more about them.
We Buy Ugly Houses operates as a franchise under its parent company, HomeVestors. Each franchisee is independently owned and operated. This leads to variations in service quality and customer experience across different locations nationwide.
Further, if your home requires extensive repairs, you may just 30% to 50% of your home’s fair market value.
4. ASAP Cash Home Buyers
NATIONWIDE COVERAGE
Service Fee: NoneASAP Cash Home Buyers, founded in 2013, offers quick and hassle-free home sales. It specializes in assisting homeowners who need to sell their property fast for cash.
- Service Fee: None
- Typical Offer: 50% to 70% of the Fair Market Value (FMV)
- Eligible Properties: The company buys properties that have structural issues, have bad mortgage financing, and are located in high-crime areas. They also offer cash for inherited houses and empty lots.
- Closing Offer Terms: You close the deal 3 weeks after accepting the offer. You also have the option to choose a closing date that suits your needs.
👉 Our Take: ASAP Cash Home Buyers is a good choice if you want to save on repair costs. However, you have to settle for a price that’s almost half of the home’s fair market value when you sell as is.
- Nationwide Coverage: The cash home buyer offers its services in all the 50 states of the U.S.
- Flexible Closing Date: You can choose a closing date that works best for you.
- No Hidden Costs: ASAP Cash Home Buyers mention all their fees upfront.
- Purchase of Distressed Home: You can sell your home as-is to save time and help close the deal faster.
- Varying Level of Service: ASAP Cash Home Buyers partners with independent investors nationwide. Therefore, there’s no guarantee that you will work with a knowledgeable and responsive buyer.
- Only Purchase Homes: ASAP Cash Home Buyers does not buy property interests like timeshares, hotels, or rental communities. Thus, if you want to sell other properties, you need to consider other options.
- Limited Negotiation: Since they have a streamlined process, it can result in fixed terms and conditions. This means you have less opportunity to negotiate on the offered price.
ASAP Cash Home Buyers has a rating of 4.8 out of 5 stars with 40+ reviews on Google.
» ASAP Cash Home Buyer Review: Read our in-depth analysis.
ASAP Cash Home Buyers are a group of real estate professionals with over a decade of experience. They have nationwide coverage but in every state you have different buyers making the quality of service questionable without proper research.
5. MarketPro Homebuyers
ZERO COMMISSION
Service Fee: NoneMarketPro Homebuyers is one of the biggest cash home buyers on the East Coast. It serves majorly in Washington DC, Florida, Maryland, New Jersey, Georgia, Pennsylvania, and Virginia.
- Service Fee: None
- Typical Offer: 30% to 70% of Fair Market Value (FMV)
- Eligible Properties: MarketPro Homebuyers purchases homes that need extensive repairs, houses with probate or power of attorney issues, homes of couples going through a divorce, inherited properties, vacant homes, etc.
- Closing Offer Terms: The cash home buyer usually close within a week. The company allows you to choose a closing date that best fits your schedule.
👉 Our Take: Since MarketPro Homebuyers has a network of investors, therefore, there is a certainty of getting a cash offer for your home. However, its wise to rethink as the company typically offers not more than 70% of your home’s fair market value.
- Free Packing & Moving Assistance: Once you sell your house to MarketPro Homebuyers, it helps you pack your belongings, and manage the moving process.
- No Renovation or Repair Costs: If your house is in distressed condition, the cash home buyer does not ask you to make it move-in ready. This saves you hundreds of dollars in repair/ renovation.
- Fast Closing: The preliminary cash offer is sent within 24 to 48 hours. MarketProHomebuyers.com closes in as little as seven days.
- No Closing Costs: When you sell your home to MarketPro Homebuyers, it coves all the fees associated with selling and closing a home sales.
» Is MarketPro Homebuyers legit? Read more to know if it’s worth considering or not!
- Pays Below Market Value: MarketPro HomeBuyers give below-market-value cash offers. It will likely be not more than 70% of the fair market value.
- Limited Coverage: The cash home buyer purchases real estate properties for cash in 21 markets across 5 states. You should consider other reputable cash home buyers if your property lies outside MarketPro’s coverage.
- Aggressive Marketing Tactics: Several customers have complained about receiving persistent marketing texts and mailings for years, leading to frustration and annoyance.
» MarketPro Homebuyers Coverage: Discover the real estate markets where MarketPro provides cash offers for homes.
MarketPro HomeBuyers has a rating of 4.6 out of 5 stars on Google with 500+ reviews.
MarketPro Homebuyers founded in 2012 is a real estate company operating in the DC, Maryland, Northern Virginia, Pennsylvania, and Florida regions. The company is dedicated to assisting homeowners with selling their properties on their schedule, all while ensuring a hassle-free experience.
Whether you have a property with bad tenants or want to sell an inherited home, MarketPro Homebuyers could be an ideal cash buyer. However, some homeowners have expressed concerns about receiving promotional materials from the company for an extended period.
Are Companies That Buy Houses for Cash in Washington D.C. Legit?
Yes, companies that buy houses for cash are legitimate and operate legally nationwide. The best home buying companies purchase distressed properties at a discount, renovate them, and then sell them for profit.
3 Types of Companies That Buy Homes in Washington D.C.
- We Buy Houses for Cash Companies: Cash buyers like HomeVestors distressed homes, typically paying 30% to 70% of their FMV.
- iBuyers: iBuyers, such as Opendoor and Offerpad, provide instant cash offers between 70% and 80% of the FMV. They have strict eligibility requirements, limiting the types of homes they purchase.
- Home Trade-In Services: Companies like Knock or Orchard offer cash for your home before you move out. This helps you buy your new house without any delay.
4 Steps to Sell Your Home for Cash in Washington D.C.
Not sure how to sell your home for cash in Washington D.C.? Just follow these 4 steps:
- Find a Cash Home Buyer: Research all local companies buying houses for cash and opt for one with great client testimonials.
- Request an Offer: Once you’ve selected a cash buyer, request an offer on their website. You’ll have to provide information like the property type, number of rooms, asking price, etc.
- Schedule a Home Visit: A company representative will then inspect your house. The final cash offer will be based on the outcome of this inspection.
- 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 Cash Buyers in Washington D.C. Pay?
Washington D.C. cash house buyers usually offer between 30% to 70% of a home’s After-Repair Value. However, it depends on factors like the company you’re selling to, their service fees, etc. Here’s how the After-Repair Value is calculated:
After-Repair Value (ARV) = Property Purchase Price (PPP) + Cost of Repairs (COR)
Imagine if you were selling your $560,000 home in Washington D.C. With a traditional cash home buyer, you could get just $392,000. But on a cash buyer marketplace like Houzeo, you could get multiple offers, potentially driving your sale price to 100% of its FMV.
| Service Provider | Service Fee | ARV Estimate | Actual Offer |
| Cash Buyer | None | 70% | $392,000 |
| iBuyer | 5% | 80% | $448,000 |
| Houzeo | $199* | Up to 100% | $559,801 |
» Houzeo Reviews: Find out why Houzeo is Washington D.C.’s best cash buyer marketplace.
Pros and Cons of Cash Home Buyers in Washington D.C.
Given that more sellers are opting for cash buyers in Washington D.C., here are some pros and cons you must consider before you sell with them:
✅ Pros
- Fast Cash Offers: “We Buy Houses for Cash” companies extend offers within 24-48 hours.
- Flexible Closing: Cash buyers in Washington D.C. close quickly and on your timeline. So you can sell your home anywhere between 7 days to 30 days.
- No Repair Costs: Most cash buyers purchase properties as-is. This eliminates the need for repairs, saving thousands of dollars.
❌ Cons
- Lowball Cash Offers: Washington D.C. cash house buyers typically pay only 30% to 70% of a home’s FMV. So you leave a significant amount of your home’s equity on the table.
- Non-Negotiable Deals: Such cash offers are usually take-it-or-leave-it. There’s little to no room for negotiation, which limits your ability to secure a better offer.
- Possible Closing Costs: Some cash buyers might force you to pay seller closing costs in Washington D.C. Always check the terms, or you could be out 6.25% to 9%!
Common “We Buy Houses for Cash” Scams
If any Washington D.C. cash home buyer extends an offer that seems to-good-to-be-true, it probably is. Stay alert, and don’t fall victim to the following scams.
- Bait-and-Switch Offers: Scammers present appealing offers and then change them later, hoping you’ll accept out of desperation. Always verify the terms before you sell your house for cash or accept an offer.
- Deed Fraud: Fraudsters can sell or mortgage your home without your consent using fake documents. Check customer testimonials and online reviews before you select a cash buyer.
- Loan-Flipping Scams: Some scammers may pressure you to sell your home fast for cash by offering loans that drain your equity. Always consult a trusted advisor before agreeing to any cash offer.
- Email Phishing: Scammers send fraudulent emails pretending to be agents, title companies, or lenders. They trick you into wiring money or providing personal details for fake services. Always confirm the authenticity of any cash offer for a home via a phone call.
» We Buy Houses Ripoff: Learn how to avoid falling victim to the scam.
Alternatives to Companies That Buy Houses for Cash in Washington D.C.
- Flat Fee MLS Services: You can get up to 100% of your home’s FMV with a Washington D.C. Flat Fee MLS listing service. Your home is visible to multiple cash buyers, increasing your offers.
- For Sale By Owner: In a FSBO sale, you’ll have to opt for “DIY” marketing strategies like using yard signs, word of mouth, open houses, etc. Washington D.C. FSBO websites also limit your home’s exposure, which lowers your home sale price.
- Full-Service Realtors: They provide various services from listing to closing, but charge a hefty 5% to 6% commission.
- Discount Real Estate Brokers: They offer services like contract review and negotiation for a lower fee than traditional agents. Discount brokers in Washington D.C. charge between 0.5% to 2.5% as commission.
Should You Sell to Cash Home Buyers in Washington D.C.?
Yes, you can sell to cash buyers. But say goodbye to 30% to 70% of your home’s equity. That’s the price you pay for a quick sale. On the other hand, on a cash buyer marketplace, you can get multiple offers, sell fast, and potentially keep more money.
