There are many reasons why you may look for ways to “sell my house fast for cash”. You could either be stuck with an old property or you may need to move states. Companies that buy houses for cash are a viable option in such situations.
According to Zillow, it takes an average of 55-75 days to sell a house. All-cash buyers close on the sale quickly, sometimes within a few days.
But this convenience comes with a few drawbacks. You will get offers lower than the market price. Additionally, it’s hard to skimp the crowd and find legit cash buyers.
Here are 6 cash companies that will help you sell your house fast for cash in 2024.
🚀 The Rise of All Cash Offers
- Cash is King: 31.2% of Americans sold their homes for cash in December, compared to 25.3% in all of 2020. This number is expected to rise in 2023 as financing becomes more expensive.
- iBuyers are Not a Viable Option: iBuyers have either shut down or have suffered massive losses. Our analysis suggests that iBuyers will offer much less than Fair Market Value (FMV) for your home in 2024 and 2025.
- Who Will Buy My House for Cash: Cash companies like Houzeo, iBuyers, Sundae, etc., buy houses fast for cash.
Quick List with Houzeo
Houzeo is America’s most advanced real estate marketplace. Your listing gets exposed to all local and national cash buyers via the MLS.
6 Companies That Help You Sell Your House Fast for Cash
Here are the top 6 companies that help you sell your home fast for cash.
1. Houzeo.com
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 a typical cash house buyer, you only get an offer from that specific investor. On a cash buyer marketplace like Houzeo, you could receive multiple cash offers on your house. This increased number of cash offers can help you get up to 100% of your home’s value.
2. Opendoor
BIGGEST IBUYER
Service Fee: 5%4.4/5
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.
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.
3. 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’s closing process is faster than other “cash for houses” companies. In certain states, they can close in just 8 days.
During the home sale, Offerpad quotes two prices: one before the inspection and one after. The difference between these offers is quite high. As per a customer review, the home seller was offered $189,000 but later received a lowball offer of just $149,000.
» Offerpad vs. Opendoor: Compare the two iBuyers before requesting a cash offer on your house.
4. 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, a trademark of “HomeVestors,” operates on a franchisee model. Each WeBuyUglyHouses franchisee has its own rules, so the cash offer terms and service quality may not be consistent. If your house needs dire repairs, they make cash offers starting from 30% of its FMV.
5. We Buy Houses
QUICK AND EASY SALES
Service Fee: None1/5
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.
WeBuyHouses.com is a group of real estate investors who buy properties as-is for a lucrative flip. They are a good option if you want to sell your home fast for cash and your property only needs some cosmetic repairs.
6. Sundae
PRE-VERIFIED INVESTOR NETWORK
Service Fee: None3.9/5
Sundae Real Estate connects homeowners with cash investors who are ready to buy your house. When you list your home with Sundae, it will be advertised to their network of prequalified investors.
- Service Fee: Sundae does not charge any platform fee.
- Typical Offer: Cash offers for homes are significantly below fair market value, often by 30% to 70%.
- Eligible Properties: Investors look for vacant houses, inherited houses, foreclosure properties, homes damaged due to natural calamity, immediate sale due to relocation, etc.
- Closing Time: Every investor will have a different timeline. It may be within 10 to 60 days.
👉 Our Take: No matter how distressed your property is, Sundae investors make a cash offer for it. You can list your house on the Sundae platform to sell quickly.
- Marketplace With Pre-Qualified Investors: Sundae has over 3,000 pre-verified real estate investors. It acts as the communication platform between the home seller and the home buyer till the property closes.
- Multiple Cash Offers: Interested Sundae investors will make bids on your distressed house. If your home is appealing, it may attract multiple cash offers.
- Cash Advance of Up To $20,000: Eligible home sellers can receive up to $20,000 through Sundae’s Cash Advance Program. To apply for this program, you must inform the closing manager as soon as you sign the purchase agreement. Once all the paperwork is completed you may stand eligible for the same.
- No Upfront Costs: When selling with Sundae, you don’t have to invest in home staging companies to renovate or repair. You can sell your house as-is.
- Serves Only 2 States: Sundae homebuyers operate only in California and Texas.
- Non-Negotiable Cash Offers: Sundae homebuyers will not offer more than 70% of your property’s fair market value. You can try to negotiate, but Sundae investors will rarely budge on the price.
- Home Selling Experience Depends on the Investor: When you sell your house to Sundae, you’re selling to a local investor. Your experience might vary depending on the offer you choose.
Sundae has an average rating of 3.96 out of 5 stars on Better Business Bureau, with 95+ reviews, and 3 out of 5 on Google, with 8 reviews.
» Sundae Real Estate Reviews: Is it a better cash investor marketplace in 2024?
Sundae is ideal for distressed home sellers looking “sell my house fast as is”. No matter the property’s condition, you will get an offer when you list it on Sundae.com. The cash offer will likely be 30% to 70% of the FMV.
Sell My House Fast for Cash Near Me
How to Sell Your Home Fast for Cash?
Cash home buyers will offer a discounted price for your home. Here is how to sell your property fast for cash-
- Determine Your Home’s Worth: Do a comparative market analysis to find the FMV of your property. This gives you a benchmark for the listing price. Cash buyers will pay you around 50% to 70% of the market value.
- Scout for Offers: You can search online or hire an agent to look for legit cash buyers. Request an offer and compare multiple offers before going ahead with the sale.
- Get Proof of Funds: Beware of scammers! Once you have a few offers on your hand, ask a real estate agent or attorney to vet the buyer and their offer.
- Consider Your Costs: Cash buyers expect a discount for paying in hard cash. However, you must consider the closing costs, agent fees, and title company fees, before you accept the offer.
- Schedule a Home Inspection: Once you accept an offer, the buyer will require a home inspection before closing. However, if you are selling a home as-is do not worry about conducting repairs.
- Ensure a Clear Title and Escrow: Just like a regular sale, you must have a clear title to legally transfer your home to the cash buyer. The buyer should put money in the escrow account before you close.
- Complete the Sale: Both parties should be present with their agent and attorney to sign the final documents. You will then receive the money and close the deal.
Sell My Home for Quick Cash: Pros and Cons
✅ Pros
- Fast Sale: You can get your money and sell your house for cash fast, in just 7 to 30 days.
- No Repairs: You don’t have to fix things up before selling your home. Cash buyers buy houses as is.
- Less Hassle: There’s less paperwork and fewer people involved. It’s simpler and more accessible.
- More Certainty: You don’t have to worry about buyers changing their minds or loans falling through.
- No Agent Fees: You might not need a real estate agent, so you can save on agent fees and commissions.
❌ Cons
- Lower Price: Fast cash home buyers often offer approximately 50% to 70% of your home’s FMV.
- Limited Buyers: Fewer people are interested in buying with cash, so it can take longer to sell your house for fast cash.
- Scams: Be careful of scams or people who might try to take advantage of your situation when you’re selling for cash.
- Less Control: You cannot set terms and conditions as compared to a traditional sale.
How We Buy Houses Companies, iBuyers, and Traditional Sales Compare
| Aspect | We Buy Houses Companies | iBuyers (Instant Buyers) | Traditional Sales |
|---|---|---|---|
| Offer Speed | Within days | Quick online assessment | Varies, can take time |
| Property Condition | Buys as-is | May require repairs | Usually as-is but you get better offers for renovated homes |
| Offer Price | Low | Competitive | Can be higher than market value |
| Fees and Costs | Varies | Service fees may apply | Agent commissions |
Selling to a Cash Buyer: Is It Right for You?
Yes, selling your house to a “We Buy Houses for Cash” company can be beneficial when you are –
- On a Severely Tight Timeline: If you’re going through a divorce or an immediate move, cash buyers or investors can help you sell faster.
- Have Inherited a Property: It is a good call to sell inherited property fast for cash if it is far away or in poor condition.
- Are In Need of Urgent Cash: If you’re in a hurry, or facing foreclosure then selling your house for cash allows you to avoid a hit on your credit.
- Own a Distressed Property: Selling your house fast for cash is a perfect choice if it is in extremely poor condition.
Beware: Cash Home Buyer Scams
There are scammers in every industry, and that’s how ‘cash for home scams’ work. Typically, these scammers post signs and blast emails with a “We Buy Houses for Cash” ad.
Families in need of liquid cash or struggling to make their mortgage payments fall for this and end up losing control of their house. Don’t get lured by such deceptive ads. Investigate the company thoroughly before signing any legal documents.
Consider getting professional help to avoid falling prey to such cash home buyers‘ scams.
Alternatives to Sell Your House Fast For Cash
- List Your Home On a Cashbuyer Marketplace: You can get up to 100% of the fair market value on the open market. High-tech For Sale By Owner websites like Houzeo list your home on the MLS within 24-48 hours to sell faster!
- Hire a Top Realtor: Top real estate agents have the expertise to help you sell your property fast within a set timeline. However, the best realtors will charge a 6% commission. That amounts to thousands of dollars in realtor commission!
- Work With Flat Fee Brokers: A flat fee broker charges a fixed fee to help you sell your property. A seller can save more on listing commission and a buyer can get a rebate.
- Sell “For Sale By Owner”: Selling your home purely FSBO on other websites has no access to the MLS. You market your property, conduct market research, manage offers and showings, etc., all by yourself.
Bottom Line
Selling your house fast for cash can be a doable choice only in certain situations. If you do want to sell your house fast for cash, sell on a cashbuyer marketplace.
Get the most value out of your home to secure your future. List hassle-free with Houzeo completely online with all the help you need at your fingertips.
Check out how Houzeo works in this video:
» Houzeo Reviews: See how Houzeo home sellers save thousands with Houzeo technology and MLS exposure.
Frequently Asked Questions: Selling Home Fast for Cash
How to sell my house fast for cash?
The fastest way to sell your house in 2024 would be to be a cash home buyer. Evaluating We Buy Houses for Cash companies and iBuyers is important before requesting an offer for your property from either of them.
How can I get cash for my house?
To get cash for your house in the USA, you can sell to cash buyers or investors who purchase properties without relying on traditional financing.
How to sell house as is for cash?
Selling a house “as is” is pretty similar to a regular home sale. Except, you need not sweat about significant repairs or hiring a home staging company. You should be transparent about all the defects present. Also, ensure you price your home correctly.
How can I sell my house fast for market value?
You can sell on a cash marketplace to get up-to 100% of your property's fair market value. If you opt for cash buyers you will get only 50% - 70% of the market value. Americas best cash marketplace is Houzeo, you can start selling for cash in just $1.
