7 Best Companies That Buy Houses for Cash in Panama City 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.

Florida Cash Home Buyers provides quick cash offers for distressed homes, based on the property’s After Repair Value (ARV). Sellers can expect offers below market value.

• Typical Offer: 65% to 80% of Fair Market Value (FMV)
• Service Fee: None
• Eligibility: Florida Cash Home Buyers offers cash for properties with structural issues, bad mortgage financing, inherited properties, homes facing foreclosure, etc.
• Closing Offer Terms: Florida Cash Home Buyers offers a closing period of 15 to 30 days, depending on your urgency and the chosen offer package.

👉 Our Take: Florida Cash Home Buyers is a good local “We Buy Houses in Florida” company to sell your distressed property fast. However, beware of lowball cash offers.

• 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 their website.
• Flexible Closing: This cash buyer lets you sell your home according to your timeline – whether you want to sell in 15 days or 30 days.
• 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 Com, you don’t have to pay any service fee. You also save money on repair and closing costs.

• Lowball Cash Offers: This Florida house cash buyer may extend lowball cash offers of around 65% to 80% of the property’s fair market value. 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 150+ reviews on Google Reviews.

» Florida Cash Home Buyers vs. Houzeo: Which is the better choice for you?

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 Houses is a network of pre-vetted real estate investors. Each investor is thoroughly screened before being authorized to operate independently.

• Service Fee: None
• Typical Offer: 50% to 70% of the property’s fair market value.
• Eligible Properties: Distressed properties with structural issues, homeowners facing relocation, flawed mortgage financing, inherited homes, or homes in high-crime neighborhoods.
• Closing Offer Terms: We Buy Houses provides a flexible closing date, typically 7 to 14 days. The offer terms are not flexible.

👉 Our Take: We Buy Houses is an ideal option to sell your home quickly without the hassle of repairs. However, be prepared to settle for a lowball offer. 

• Fast Cash Offers: You will typically receive the initial cash offer within 2 days.
• Zero Service Fees: We Buy Houses doesn’t charge any service fee in exchange for the convenience of selling your home for cash.
• Fast Closing: We Buy Houses can complete the entire home sale process in just 7 days after you accept their offer.
• Zero Repair Costs: When selling to We Buy Houses, you don’t need to prep the house or worry about repairs.

• Service Quality Varies: We Buy Houses operates on a franchise model. It means service quality can vary depending on the location.
• Limited Scope for Negotiation: We Buy Houses extends “take-it-or-leave-it” offers. You can try to negotiate, but usually, they won’t budge.
• Unsolicited Calls: Some reviews mention receiving unsolicited calls and texts from the company.

» We Buy Houses vs. Houzeo: Learn why Houzeo is better than “We Buy Houses”.

We Buy Houses has 1 star out of 5 on Better Business Bureau from only 4 customer reviews.

» We Buy Houses Reviews: Read this comprehensive review to learn more about the company.

House Heroes is a local cash buyer in Florida. They extend quick cash offers within 24 hours after a property assessment.

• Fee: House Heroes has no service fees or hidden closing costs.
• Typical Offer: They extend offers that are 30% to 70% of the property’s fair market value.
• Eligible Properties: House Heroes purchases properties in any condition. This includes homes needing repairs, foreclosures, inherited homes, rental properties, and those sold due to urgent relocations or divorce settlements.
• Closing Offer Terms: Sellers can choose their preferred closing date.

👉 Our Take: House Heroes promises quick cash offers within 24 hours. However, the property assessment can delay your sale.

• 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.

• 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 has 4.9 stars out of 5 on Google Reviews, with 55 reviews.

» House Heroes Reviews: Are you getting a fair deal? Find out now.

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.