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 Missouri 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 Missouri
1. Houzeo: Missouri’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 Missouri’s top 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. Chris Buys Homes
LOCAL CASH BUYER
Service Fee: NoneChris Buys Homes in St. Louis is based in St. Louis, Missouri that buys houses for cash. The company offers cash for homes as-is, skipping repairs, and closing costs.
- Service Fee: None.
- Typical Offer: 50% to 70% of Fair Market Value (FMV).
- Eligible Properties: Chris Buys Homes in St. Louis offers cash for houses in any condition and situation. This includes inherited properties, homes behind on payments, situations involving divorce, and hoarder houses.
- Closing Offer Terms: Chris Buys Homes in St. Louis offers flexible closing dates, with the option to close within 30 days. Their offer terms are flexible.
Here are some of the benefits that you get with Chris Buys Homes in St. Louis:
- Quick Offers: Chris Buys Homes in St. Louis claims to offer instant cash for your home.
- Quick Closing: You can close in as little as three weeks.
- Sell As-Is: They buy houses as-is so you don’t need to worry about making repairs or renovations to your house.
» Pros and Cons of Chris Buys Homes: Learn more merits and demerits of Chris Buys Homes.
In our research, we found some drawbacks of Chris Buys Homes in St. Louis:
- Deceptive Cash Offers: Some reviews claim the company uses bait-and-switch tactics, with promised offers disappearing after initial contact. Moreover, prices drop significantly, despite previous assurances.
- 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 Coverage: : This company only buys houses in St. Louis. If you’re located anywhere else, you won’t be able to sell.
Chris Buys Homes in St Louis has 4.9 out of 5 stars from 240+ reviews on Google Reviews.
👉 Our Take: We recommend Chris Buys Homes in St. Louis for cash home sellers in St. Louis. However, beware as they may extend lowball cash offers.
3. 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 specializes in purchasing homes that require renovation and repair from owners who need a fast sale. It acquires homes at a lesser price, renovates them, and then sells them.
The company has over 1,000 franchises, which gives it a broad outreach in the market.
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 is a good option if your home needs minimal repairs. You can get a maximum of ~80% of your property’s fair market value. However, this means leaving thousands of dollars on the table. Their service fee is also a steep 5% of your home’s sale price.
5. Offerpad
QUICK CLOSING
Service Fee: 5%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 Fair Market Value of your property.
- Eligibility: Offerpad offers cash for houses built after 1960, with a maximum lot size of 1 acre, and a max valuation of up to one million dollar. 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.
- Service Fee: 5% of the home sale price and 1% as closing costs.
Here are some of the benefits that you get with Offerpad.
- Broad Coverage: Offerpad buys houses for cash in 27 markets across the country.
- 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 with Offerpad, you don’t incur upfront costs to fix, prepare, or stage your house.
- Stay Beyond Closing Day: You can extend your stay in your home even after the closing date.
In our research, we have found certain drawbacks of Offerpad .
- 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 will charge you a steep 5% service fee for their services.
- 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 2.2 out of 5 star rating on TrustPilot.
Offerpad extends cash offers that are up to 80% of your home’s fair market value within 24 to 48 hours. They use advanced algorithms that compare local property prices to calculate offers.
The biggest downside to selling to Offerpad is their strict eligibility criteria. They can withdraw from the sale if your home doesn’t meet their requirements at any point during the transaction.
Best Cash Home Buyers Near Me in Missouri
| 1. Kansas City, MO | Cash Home Buyers in Kansas City, MO |
| 2. St. Louis, MO | Cash Home Buyers in St. Louis, MO |
Are Companies That Buy Houses for Cash in 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 Show-Me 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 Missouri
- We Buy Houses for Cash Companies: Cash buyers like HomeVestors and Chris Buys Homes 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 housee without any delay.
4 Steps to Sell Your Home for Cash in Missouri
Not sure how to sell your home for cash in Missouri? 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 Missouri Pay?
Missouri 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 $251,800 home in Missouri. With a traditional cash home buyer, you could get just $176,260. 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% | $176,260 |
| iBuyer | 5% | 80% | $201,440 |
| Houzeo | $199* | Up to 100% | $251,601 |
» Houzeo Reviews: Find out why Houzeo is Missouri’s best cash buyer marketplace.
Pros and Cons of Cash Home Buyers in Missouri
Given that more sellers are opting for cash buyers in Missouri, 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 Missouri 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: Missouri 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 Missouri. Always check the terms, or you could be out 6.25% to 9%!
Common “We Buy Houses for Cash” Scams 🚩
If any Missouri 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 Missouri
- Flat Fee MLS Services: You can get up to 100% of your home’s FMV with a Missouri 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. Missouri 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 Missouri charge between 0.5% to 2.5% as commission.
Should You Sell to Cash Home Buyers in Missouri?
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.
Frequently Asked Questions
Which is the best company that buys houses for cash in Missouri?
Houzeo is the best cash buyer marketplace in Missouri. Companies like Chris Buys Homes and HomeVewstors are other great options for selling homes for cash.
How can you sell to companies that buy houses for cash in Missouri?
To sell to companies that buy houses for cash, first research local cash buyers in Missouri or use a cash buyer marketplace. Then, submit your home’s information and get an offer within 24-48 hours. You can complete the sale in as little as a week once you finalize the agreement.
How fast can I sell my Missouri house?
You can sell your house fast for cash in Missouri within 7 to 30 days with a cash home buying company. However, you get only 30% to 70% of your property's Fair Market Value. To get a higher price, sell to a cash buyer marketplace like Houzeo and attract multiple cash offers.
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 and Trustpilot that highlight their transparent processes and fair offers.
