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

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.

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.

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.

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.

• 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.

• 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.

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

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

Christopher 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.

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.

• 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.

• 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.

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.

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.

• 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.

• 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.

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.

ASAP 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 in 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.

» Pros and Cons of Asap Cash Home Buyers: Must read before you make a decision.

• 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 clearly outline all their fees upfront.
• Purchase of Distressed Home: You can sell your home as-is to the cash buyer. This would save you 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 knowledgeable and responsive agents.
• 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 have a rating of 4.8 out of 5-stars with 40+ reviews on Google.

» ASAP Cash Home Buyer Review: Read our in-depth analysis.

HomeVestors is a nationwide network of real estate investors operated independently. This cash home buyer company is the parent brand of We Buy Ugly Houses.

• Service Fee: None.
• Typical Offer: 50% to 70% of Fair Market Value (FMV).
• Eligible Properties: Properties that need extensive repairs, homes in less affluent 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.

👉 Our Take: This cash buyer company is best for home sellers looking to quickly unload an extremely distressed house.

• Fast Cash for Distressed Homes: HomeVestors investors make fast cash offers, regardless of the 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.Com, you don’t need to prep the home or worry about repairs. There is no listing paperwork or need for photography.
• Flexible Closing: You can choose a flexible closing schedule when you sell to HomeVestors, the ‘Home buyers of America.’
• Near Nationwide Coverage: HomeVestors has 1000 independently owned franchisee offices in 45 states. 

• Lack of Online Resources: Home Vestors has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. They don’t have a mobile app.
• 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 a rating of 4.5 out of 5 on Google. HomeVestors has 1.48 out of 5 stars with 40 reviews on Better Business Bureau. 

HomeVestors Reviews: Read this review to get an idea of how the franchise-based model of the company works.