Over 30.7% of all homes were bought with cash in Q2 of 2024, up slightly from 30.4% a year ago. This shows that cash is still king in the Circus City.
Cash buyers offer a fast, as-is sale, often closing within 7 days. But which cash buyers will get you 100% of your home’s Fair Market Value? See our rankings below to find out and keep thousands in your pocket!
Reviews: 7 Top Cash Home Buyers in Sarasota
1. Houzeo.com: Sarasota’s #1 Cash Home Buyer Marketplace
Max Exposure to Cash Buyers
Listing Fee: $3994.9/5
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:
- 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! All fees are disclosed upfront, so there are no Houzeo hidden fees.
- 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.
With Houzeo, your home gets maximum exposure to Sarasota’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. Offerpad
QUICK CLOSING
Service Fee: 5%2.7/5
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 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.
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.
3. House Heroes
NO HIDDEN FEES
Service Fee: None4.9/5
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.
House Heroes offers a quick and hassle-free solution for selling your home, especially if it’s in poor condition. They provide cash offers within 24-48 hours and can close on the sale in as little as 7 days.
However, House Heroes’ offers are usually below fair market value with little to no negotiation room.
4. Investment Capital Home Buyers
POPULAR CASH HOME BUYER
Service Fees: None4.5/5
Investment Capital Home Buyers is a real estate solutions company and local cash home buyers in Florida. They have 15+ years of experience in the real estate market as cash home buyers.
- Service Fee: None
- Typical Offer: 50% to 70% of Fair Market Value (FMV)
- Eligible Properties: They buy distressed properties with structural issues, condemned properties, bad mortgage financing, inherited houses, houses facing foreclosures, etc.
- Closing Offer terms: Investment Capital Home Buyers offer flexible closing within 7 to 30 days.
👉 Our Take: Investment Capital Home Buyers is a good option for home sellers who want to sell their house quickly for cash in as-is condition in Florida. However, they don’t have many reviews, so you’ll need to do your research before going ahead with them.
- Quick Cash Offers: Investment Capital Home Buyers makes fair, no-obligation all-cash offers within 24 hours.
- Flexible and Fast Closing: As an owner, you can decide upon the closing date. Once you accept their offer, they close within 7 to 14 days.
- Good Local Coverage: Investment Capital Home Buyers offer its services throughout the state of Florida.
- Zero Service Fees: No service fees, no commissions, and no closing costs.
- Sell As-Is: You save on repair costs and can sell your house as-is. However, the house shouldn’t be so damaged that it requires a major rebuild.
- Lowball Cash Offers: Investment Capital Home Buyers 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.
- Not Many Reviews: Investment Capital Home Buyers has only 8 reviews despite being in the local market for a long time.
Investment Capital Home Buyers has 4.5 out of 5 stars with 8 reviews on Google.
» Investment Capital Home Buyers Reviews: Read our in-depth review on Investment Capital Home Buyers.
Investment Capital Home Buyers is a family-owned, local real estate solution company. Founded by Reuben Garcia, they are cash home buyers with over 15 years of experience in the Sarasota real estate market.
They specialize in buying distressed properties like homes facing foreclosure and the sale of unwanted inherited properties. However, they have very less reviews even after so many years in the field.
5. We Buy Ugly Houses
NATIONWIDE COVERAGE
Service Fee: None2.6/5
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.
We Buy Ugly Houses operates as a franchise under its parent company, HomeVestors. Each franchisee is independently owned and operated. This leads to variations in service quality and customer experience across different locations nationwide.
Further, if your home requires extensive repairs, you may just 30% to 50% of your home’s fair market value.
6. ASAP Cash Home Buyers
NATIONWIDE COVERAGE
Service Fee: None4.8/5
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.
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 Sarasota house in 7-28 days.
7. Florida Cash Home Buyers
LOCAL CASH BUYER
Service Fee: None4.9/5
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?
Florida Cash Home Buyers offers an easy and cost-effective way to offload your distressed property. If you’re looking for a quick sale and don’t mind leaving almost 30% of your home’s equity on the table, you can consider this cash home buyer.
Are Companies That Buy Houses for Cash in Sarasota Legit?
Yes, companies that buy houses for cash are legitimate and operate legally nationwide. They purchase distressed properties at a discount, renovate them, and then sell them for profit.
3 Types of Companies That Buy Homes in Sarasota
- We Buy Houses for Cash Companies: They typically extend offers for distressed homes and pay 30% to 70% of the properties’ FMV. These companies include popular names like HomeVestors and House Heroes.
- iBuyers: They offer instant cash offers that are 70% to 80% of the FMV. Additionally, Offerpad has strict eligibility requirements, limiting the types of homes they purchase.
- Home Trade-In Services: These cash home buyers give you an advance on your cash offer before you move out, ensuring a smooth and hassle-free transition. Companies like Knock or Orchard provide this service.
4 Steps to Sell Your Home for Cash in Sarasota
If you’re wondering how to sell your home for cash in Sarasota, here’s what you need to do:
- Find a Cash Home Buyer: Research all companies buying houses for cash in your area. Choose one based on client testimonies and positive online reviews.
- Request an Offer: Once you’ve selected a cash buyer, request an offer on their website. You must provide information such as property type, number of bedrooms and bathrooms, asking price, etc. You will also have to give the reason for the home sale.
- Schedule a Home Visit: A representative from the company will come to inspect your house. They will then give you their final cash offer.
- 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 “We Buy Houses for Cash in Sarasota” Companies Pay?
Cash buyers in Sarasota usually offer between 30% to 70% of a home’s After-Repair Value. The offer also depends on factors like the company you’re selling to, their service fees, etc. The After-Repair Value is calculated as follows:
After-Repair Value (ARV) = Property Purchase Price (PPP) + Cost of Repairs (COR)
Imagine if you’re selling your $484,000 home in Sarasota. With a traditional cash home buyer, you could get just $338,800. But, with a cash buyer marketplace like Houzeo, you only pay $749 and get up to $483,251!
| Service Provider | Service Fee | Potential Offer (of the ARV) | Actual Offer Amount |
| Cash Buyer | None | 70% | $338,800 |
| iBuyer | 5% | 80% | $387,200 |
| Houzeo | $749* | Up to 100% | $483,251 |
📢 NAR Settlement Saves Sellers Thousands in Commission
The NAR Settlement went into effect on August 17, 2024. Buyer agent commissions can no longer be offered on the MLS. This means sellers will save thousands! But it also means there’s a lot more compliance and litigation risks.
Here’s what this means for you:
- Sellers Can Save Thousands in Commissions: You will likely pay much less than the traditional 3% buyer agent commission. That’s because buyer agent commissions will be negotiated twice: Once when buyers engage buyer agents, and again when sellers review offer contracts.
- Seller Priority #1 Will Be Paperwork (to Mitigate Compliance & Litigation Risks): Buyer agents mitigate all types of risks. From seller disclosures, offer contracts, contingencies, inspections, repair requests, appraisal, and closing – Buyer agents keep the paperwork tight. Their state licensing authorities, Realtor associations, and MLS’ audit paperwork compliance. Without buyer agents, sellers will have to learn and adapt. Or risk expensive litigation.
- Negotiations Can Now Feel Like Haggling: Buyer agent commissions will now be part of offer contracts and buyer agency agreements. Buyers may ask sellers to include commissions in the form of seller concessions. That means home buyers and sellers alike will be negotiating commissions. Sellers will need expert licensed brokers to help them with these negotiations.
- Buyer Agent Commissions Can Be Offered Offline: Buyer agent fees can still be offered outside of the MLS. They just cannot be advertised on the MLS.
Pros and Cons of Companies That Buy Houses for Cash in Sarasota
✅ Pros
- Fast Cash Sale: Typically, sellers must list on MLS in Florida and wait for potential buyers. “We Buy Houses for Cash” companies offer a cash deal within 24-48 hours.
- Flexible Closing: Cash buyers in Sarasota close quickly and on your timeline. So you can sell your home anywhere between 7 days to 30 days as per your convenience.
- Zero Service Fees: Sarasota’s cash house buyers don’t charge any service fee. Their net profit is enough to sustain their fix-and-flip model.
❌ Cons
- Lowball Cash Offers: Cash companies that buy homes in Sarasota typically pay 30% to 70% of market value, deducting repair and resale costs.
- Non-Negotiable Deals: When dealing with cash home buyers, the offer is usually take-it-or-leave-it.
- Possible Closing Costs: Some buyers may require you to pay seller closing costs, so always review terms carefully.
Alternatives to Companies That Buy Houses for Cash in Sarasota
- List Your Home With a Flat Fee MLS Service: You can get up to 100% of your home’s market value with a Florida Flat Fee MLS listing. Your home is visible to multiple cash buyers and investors, increasing your offers.
- Hire a Traditional Full-Service Realtor: When you opt for a full-service Sarasota Realtor, you will have to shell out a 5% to 6% commission. That’s $29,040 on a $484,000 home gone!
- List With a Discount Real Estate Broker: They are real estate professionals who offer the same services as traditional agents but for a lower fee. Discount real estate brokers in Sarasota charge between 0.5% to 2% as fees.
- Sell “For Sale By Owner”: In a FSBO sale, you’ll have to opt for “DIY” marketing strategies like using FSBO signs and word of mouth. But your listing won’t be on Zillow, Trulia, and Realtor.com. Meanwhile, paid For Sale By Owner sites in Florida will help you list on the MLS and increase exposure.
Should You Sell to Companies Buying Houses in Sarasota?
Yes, but only if you want to sacrifice thousands of dollars. By accepting an offer from a single cash buyer, you may receive only 30% to 70% of your home’s value, sacrificing equity for a quick sale.
If you want the best of both worlds, a cash buyer marketplace is your best bet. Within 24 hours, your home will be visible to multiple local and national cash buyers, boosting your chances of competitive offers.
Frequently Asked Questions
Which is the best company that buys houses for cash in Sarasota?
Houzeo is the best cash marketplace for selling homes for cash in Sarasota. Companies like Opendoor and HomeVestors have extended offers on homes listed on Houzeo.
How can you sell to companies that buy houses for cash?
To sell to companies that buy houses for cash, research local cash buyers in Sarasota or use a cash buyer marketplace. Submit your home’s details, get an offer within 24-48 hours, and if you accept, close the deal in as little as a week.
How fast can I sell my Sarasota house?
You can sell your house in 7 to 30 days when selling to cash buyers in Sarasota.
» How to Sell a House Fast in Sarasota: Learn how you can get your home sold in no time in the Circus City.
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 that highlight their transparent processes and fair offers.
