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 Indiana 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 Best Cash Home Buyers in Indiana
1. Houzeo: Indiana’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 Indiana’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. 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.
They are a group of real estate professionals with over a decade of experience. They have nationwide coverage but in every state, you have different investors which could lead to an inconsistent service experience.
3. HomeVestors
NATIONAL CASH BUYER
Service Fee: NoneHomeVestors is a nationwide network of real estate investors that operates independently. This company is the parent brand of We Buy Ugly Houses.
- Typical Offer: You may get 50% to 70% of the Fair Market Value (FMV).
- Eligible Properties: HomeVestors buys properties that require structural repairs or are move-in ready. This includes townhomes, condos, multi-tenant properties, mobile/manufactured homes, and more.
- Closing Offer Terms: HomeVestors offers a flexible closing date and can sometimes close in as little as 30 days.
- Service Fee: None.
Here are some of the benefits that you get with HomeVestors:
- 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.
- Near Nationwide Coverage: HomeVestors has 1,000 independently owned franchisee offices in 45 states.
- Zero Service Fees: HomeVestors doesn’t charge any service fee when you sell your property for cash.
In our research, we have found certain drawbacks of HomeVestors:
- Lowball Cash Offers: HomeVestors may extend an offer that is below your home’s Fair Market Value. This is lower than what you could get on the open market.
- Inconsistent Quality of Service: With HomeVestors, your house is sold to a local investor. The service quality will differ based on that investor’s franchisee.
- Aggressive Marketing: Once you show interest in the services of HomeVestors, they may be harrassed with endless mails, calls, and in-person visits.
HomeVestors has 1.44 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 US, with over 800 offices nationwide. The company also owns the “We Buy Ugly Houses” brand. Each HomeVestors office is independently owned and operated by a local real estate investor.
HomeVestors’ investors typically offer 50% to 70% of the fair market value. They may also deduct the cost of repairs at closing.
4. Opendoor
BIGGEST IBUYER
Service Fee: 5%Opendoor is the biggest iBuyer in the U.S. 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.
- 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 or homes with tenants do not qualify for Opendoor’s cash offer.
- Closing Offer Terms: Opendoor claims to let you close at your pace, up to 45 days after their offer. However, be aware that your final offer may change after the condition adjustment.
- Service Fee: You will be charged 5% of the home sale price.
Here are some of the benefits that you get with Opendoor:
- Broad Coverage: Opendoor makes cash offers for houses in 51 markets across the country.
- Sell As-Is: Opendoor helps you avoid the hassle of making repairs and you can sell your house as-is.
- Late Checkout up to 14 Days: Opendoor lets you temporarily stay in your home for up to 2 weeks after closing.
- No Cancelation Fees: Opendoor does not charge any cancelation fee. You can cancel the contract anytime.
In our research, we have found certain drawbacks of Opendoor:
- Lowball Cash Offer: Opendoor’s final cash offer may be below your property’s Fair Market Value, around 70%. They also deduct repair and closing costs.
- Hefty Service Fees: Opendoor will charge you a steep 5% service fee for their services.
- 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 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.
Opendoor provides a straightforward and convenient solution for obtaining cash for your home. You can sell your home as is and close on the sale in just 2 weeks. You can expect to get around ~80% of your property’s fair market value.
However, Opendoor experienced setbacks due to the pandemic and endured financial losses. Consequently, their offer now could be much lower than your property’s FMV. Their service fee is also a steep 5% of your home’s sale price.
5. Christopher Ellyn Homes
LOCAL CASH BUYER
Service Fee: NoneChristopher Ellyn Homes is an Indiana-based real estate services company that buys houses for cash. They buy houses in as-is condition and you don’t need to worry about closing costs, inspections, or appraisals.
- Service Fee: None
- Typical Offer: 50% to 70% of Fair Market Value (FMV)
- Eligible Properties: Christopher Ellyn Homes offer cash on houses in any condition and situation, including inherited properties, cosmetic work, divorce, squatters, expired listing, and so on.
- Closing Offer Terms: Christopher Ellyn Homes provides a flexible closing date. You can close as quickly as 7 days or on your schedule.
👉 Our Take: Christopher Ellyn Homes is a good choice for sellers looking for quick cash on houses. However, you might get only a non-negotiable lowball offer.
- Additional Options: If you need quick money, you can request and get a cash advance before closing.
- Instant Cash Offer: You can get a fair all-cash offer within 24 hours.
- Quick Closing: You can close in as little as 7 days.
- Sell As-Is: Christopher Ellyn Homes buy houses as-is so you don’t need to worry about making repairs.
- After Repair Value: Christopher Ellyn Homes makes the final offer reducing an after-repair value post a thorough home inspection.
- Lowball Cash Offer: Christopher Ellyn Homes may put in lowball cash offers of around 50% to 70% of the fair market value. This is lower than what you can get on the open market.
- “Christopher Ellyn Homes” Will Spam You: Past sellers have complained about their incessant spamming. The emails and text messages don’t stop even if you decline their cash offer and unsubscribe from the mailing list.
Christopher Ellyn Homes has 4.2 out of 5 stars from 45+ reviews on Google Reviews.
» Christopher Ellyn Homes Reviews: Read our in-depth review on Christopher Ellyn Homes.
Christopher Ellyn Homes is a local cash home buyer based in Indiana that buy houses in as-is condition. But, they may extend lowball cash offers of around 50% to 70% of the FMV which is lower than what you can get on the open market.
You can access their services in Indiana and some selected areas of HI, KS, KY, MO and NV.
Best Cash Home Buyers Near Me in Indiana
| 1. Indianapolis, IN | Cash Home Buyers in Indianapolis, IN |
Are Companies That Buy Houses for Cash in Indiana 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 the Hoosier State. However, be sure to read company reviews and seller testimonials to find a legitimate cash buyer.
3 Types of Companies That Buy Homes in Indiana
- We Buy Houses for Cash Companies: Cash buyers like HomeVestors purchase 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 Indiana
Not sure how to sell your home for cash in Indiana? 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 Indiana Pay?
Indiana 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 $255,000 home in Indiana. With a traditional cash home buyer, you could get just $178,500. 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% | $178,500 |
| iBuyer | 5% | 80% | $204,000 |
| Houzeo | $199* | Up to 100% | $254,801 |
» Houzeo Reviews: Find out why Houzeo is Indiana’s best cash buyer marketplace.
Pros and Cons of Cash Home Buyers in Indiana
Given that more sellers are opting for cash buyers in Indiana, 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 Indiana 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: Indiana 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 Indiana. Always check the terms, or you could be out 6.25% to 9%!
Common “We Buy Houses for Cash” Scams 🚩
If any Indiana 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 IN
- Flat Fee MLS Services: You can get up to 100% of your home’s FMV with a Indiana 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. Indiana 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 Indiana charge between 0.5% to 2.5% as commission.
Should You Sell to Cash Home Buyers in Indiana?
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.
