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 Fort Lauderdale homeowners ditch repairs and choose cash buyers for a hassle-free sale!
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 Top Cash Home Buyers in Fort Lauderdale
1. Houzeo: Fort Lauderdale’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, you can connect with Fort Lauderdale’s best cash home-buying companies and individual investors. You can also get multiple competitive offers for your home. This increased exposure helps you get maximum profit.
2. Florida Cash Home Buyers
LOCAL CASH BUYER
Service Fee: NoneFlorida Cash Home Buyers provides quick cash offers for distressed homes, based on the property’s After Repair Value (ARV). Nonetheless, the offer they make is below market value.
- Typical Offer: You will get 65% to 80% of your home’s Fair Market Value (FMV).
- Service Fee: None.
- Eligibility: Florida Cash Home Buyers can offer you cash for inherited properties, properties with structural issues, homes facing foreclosure, etc.
- Closing Offer Terms: Florida Cash Home Buyers offers a closing period of 15 to 30 days.
Here are some of the benefits that you get with Florida Cash Home Buyers:
- Fast Cash Offers: Florida Cash Home Buyers provides no-obligation cash offers within 2 days. Many sellers have received offers within hours of submitting their property details on the company’s website.
- 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.
- Statewide Coverage: Florida Cash Home Buyers purchases properties in 100+ markets in the Sunshine State.
- Zero Service Fees: When selling to Florida Cash Home Buyers, you don’t have to pay any service fee. You also save money on repair and closing costs.
In our research, we have found certain drawbacks of Florida Cash Home Buyers:
- Lowball Cash Offers: The Florida Cash Home Buyers may extend you an offer that is significantly below the your asking price. This is lower than what you could get on the open market.
- Limited Scope for Negotiation: Florida Cash Home Buyers extends “take-it-or-leave-it” offers. You can try to negotiate, but usually, they won’t budge.
» Florida Cash Home Buyers Pros and Cons: Here are some more pros and cons of Florida Cash Home Buyers that can help you make an informed decision.
Florida Cash Home Buyers has 4.9 stars out of 5 from 190+ reviews on Google Reviews.
Florida Cash Home Buyers is a local “We Buy Houses in Florida” company that offers cash for distressed properties. You don’t need to make repairs to request a cash offer from them, saving you thousands of dollars.
This Florida house buyer specializes in buying inherited properties and pays the probate in most cases. In addition to buying homes as is for cash, they assist sellers in relocating and finding a new home.
3. House Heroes
NO HIDDEN FEES
Service Fee: NoneHouse Heroes is a local cash buyer in Florida. They extend quick cash offers within 24 hours after a property assessment.
- No Hidden Fee: House Heroes has no service fees or hidden closing costs.
- Typical Offer: They extend offers that are 30% to 70% of your property’s Fair Market Value.
- Eligible Properties: House Heroes purchases properties in any condition. This include homes that need repairs, foreclosures, inherited homes, rental properties, and those sold due to urgent relocations or divorce settlements.
- Closing Offer Terms: You can choose their preferred closing date.
Here are some of the benefits that you get with House Heroes:
- Quick Offers: You can get a cash offer quickly, often within 24 hours of the property assessment.
- Transparent Fees: House Heroes has no hidden fees or commissions, ensuring clarity throughout the process.
- Flexible Timeline: When dealing with House Heroes, you can sell your house as is and choose your preferred closing date.
In our research, we have found certain drawbacks of House Heroes:
- Low-ball Offers: House Heroes may offer you a price that’s 30% to 70% below market value as they factor in the cost of repairs and resale.
- Limited Scope for Negotiation: House Heroes extends “take-it-or-leave-it” offers. You can try to negotiate, but usually, they won’t budge.
- Limited Coverage: This company buys houses only in Florida.
» House Heroes Reviews: Are you getting a fair deal? Find out now.
House Heroes has 5 stars out of 5 with 20+ reviews on Google Reviews.
House Heroes is a reputable local cash buyer in Fort Lauderdale. Owner Lucas Machado and his team help distressed homeowners sell their homes fast. They make no-obligation cash offers on Fort Lauderdale homes within hours of the seller submitting the property details.
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 was founded in Fort Lauderdale, FL. They are a group of real estate professionals with over a decade of experience. They don’t charge a closing fee and can buy your Fort Lauderdale house in 7-28 days.
5. HomeVestors
NATIONAL CASH BUYER
Service Fee: NoneHomeVestors is a nationwide network of real estate investors that operates independently. This cash home buyer company is the parent brand of We Buy Ugly Houses.
- Service Fee: None.
- Typical Offer: You may get 50% to 70% of Fair Market Value (FMV).
- Eligible Properties: Properties that need extensive repairs, homes in less expensive neighbourhoods.
- Closing Offer Terms: HomeVestors provides a flexible closing date, up to 30 days out. Offer terms are inflexible and depend on your region’s local real estate investor.
- Fast Cash for Distressed Homes: HomeVestors investors make fast cash offers, regardless of your property’s condition. The initial offer is based on comparable properties in the area and housing market trends.
- Zero Service Fees: HomeVestors doesn’t charge any service fee when you sell your property for cash.
- Zero Upfront Costs: When selling to HomeVestors, you don’t need to prep the home or worry about repairs. There is no listing paperwork or need for photography.
- Near Nationwide Coverage: HomeVestors has 1,000 independently owned franchisee offices in 45 states.
- Lowball Cash Offers: HomeVestors may extend an offer that is significantly below your home’s fair market value. This is lower than what you could get on the open market.
- 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.
- Aggressive Marketing: Once property owners show interest in the services of HomeVestors, they may be harrassed with endless mails, calls, and in-person visits.
HomeVestors has 1.43 out of 5 stars with 30+ reviews on Better Business Bureau.
HomeVestors Reviews: Read this review to get an idea of how the franchise-based model of the company works.
HomeVestors is the biggest cash home buyer franchisor in the U.S., with over 800 offices nationwide. Each HomeVestors office is independently owned and operated by a local real estate investor.
HomeVestors’ investors typically deduct the cost of repairs at closing and offer 50% to 70% of the fair market value.
Are Companies That Buy Houses for Cash in Fort Lauderdale Legit?
Yes, companies that buy houses for cash are legitimate and operate legally nationwide. In fact, the National Association of Realtors (NAR) validates cash buyers in Fort Lauderdale. However, be sure to read company reviews and seller testimonials to find a legitimate cash buyer.
3 Types of Companies That Buy Homes in Fort Lauderdale
- We Buy Houses for Cash Companies: Cash buyers like HomeVestors and House Heroes purchase distressed homes, typically paying 30% to 70% of their FMV.
- iBuyers: iBuyers, such as 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 Fort Lauderdale
Not sure how to sell your home for cash in Fort Lauderdale? 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 Fort Lauderdale Pay?
Fort Lauderdale 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 $630,000 home in Fort Lauderdale. With a traditional cash home buyer, you could get just $441,000. 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% | $441,000 |
| iBuyer | 5% | 80% | $491,400 |
| Houzeo | $199* | Up to 100% | $629,801 |
» Houzeo Reviews: Find out why Houzeo is Fort Lauderdale’s best cash buyer marketplace.
Pros and Cons of Cash Home Buyers in Fort Lauderdale
Given that more sellers are opting for companies that buy houses for cash in Fort Lauderdale, 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 Fort Lauderdale 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: Fort Lauderdale 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 Florida. Always check the terms, or you could be out 6.25% to 9%!
Common “We Buy Houses for Cash” Scams 🚩
If any Fort Lauderdale 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 Fort Lauderdale
- Flat Fee MLS Services: You can get up to 100% of your home’s FMV with a Florida 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. Florida 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 Fort Lauderdale charge between 0.5% to 2.5% as commission.
Should You Sell to Cash Home Buyers in Fort Lauderdale?
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.
