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 US.
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: 10 Top Cash Home Buyers
1. Houzeo: America’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 America’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. HomeVestors
NATIONAL CASH BUYER
Service Fee: None4.5/5
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.
HomeVestors is the biggest cash home buyer franchisor in the U.S., with over 800 offices nationwide. The company also owns the “We Buy Ugly Houses” brand. Each HomeVestors office is independently owned and operated by a local investor.
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 that of other “cash for houses” companies. In certain states, they can close in just 15 days.
During the home sale, Offerpad quotes two prices: one before the inspection and one after. The difference between the two can be substantial. As per a customer review, the seller was offered $189,000 but later received an offer of just $149,000.
» Offerpad vs. Opendoor: Compare the two iBuyers before requesting a cash offer on your house.
4. 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.
You can get a maximum of ~80% of your property’s fair market value with this iBuyer. If you meet their eligibility criteria, you can sell your home and close the sale in just 2 weeks.
However, the Opendoor cash offer could be much lower than your property’s FMV. Their service fee is also a steep 5% of your home’s sale price. Moreover, their repair cost breakdown is not disclosed in the closing statement.
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. 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.
7. MarketPro Homebuyers
ZERO COMMISSION
Service Fee: None4.6/5
MarketPro Homebuyers is one of the biggest cash home buyers on the East Coast. It serves majorly in Washington DC, Florida, Maryland, New Jersey, Georgia, Pennsylvania, and Virginia.
- Service Fee: None
- Typical Offer: 30% to 70% of Fair Market Value (FMV)
- Eligible Properties: MarketPro Homebuyers purchases homes that need extensive repairs, houses with probate or power of attorney issues, homes of couples going through a divorce, inherited properties, vacant homes, etc.
- Closing Offer Terms: The cash home buyer usually close within a week. The company allows you to choose a closing date that best fits your schedule.
👉 Our Take: Since MarketPro Homebuyers has a network of investors, therefore, there is a certainty of getting a cash offer for your home. However, its wise to rethink as the company typically offers not more than 70% of your home’s fair market value.
- Free Packing & Moving Assistance: Once you sell your house to MarketPro Homebuyers, it helps you pack your belongings, and manage the moving process.
- No Renovation or Repair Costs: If your house is in distressed condition, the cash home buyer does not ask you to make it move-in ready. This saves you hundreds of dollars in repair/ renovation.
- Fast Closing: The preliminary cash offer is sent within 24 to 48 hours. MarketProHomebuyers.com closes in as little as seven days.
- No Closing Costs: When you sell your home to MarketPro Homebuyers, it coves all the fees associated with selling and closing a home sales.
» Is MarketPro Homebuyers legit? Read more to know if it’s worth considering or not!
- Pays Below Market Value: MarketPro HomeBuyers give below-market-value cash offers. It will likely be not more than 70% of the fair market value.
- Limited Coverage: The cash home buyer purchases real estate properties for cash in 21 markets across 5 states. You should consider other reputable cash home buyers if your property lies outside MarketPro’s coverage.
- Aggressive Marketing Tactics: Several customers have complained about receiving persistent marketing texts and mailings for years, leading to frustration and annoyance.
» MarketPro Homebuyers Coverage: Discover the real estate markets where MarketPro provides cash offers for homes.
MarketPro HomeBuyers has a rating of 4.6 out of 5 stars on Google with 500+ reviews.
MarketPro Homebuyers is a cash buyer that buys homes owners want to get rid of. They have over 300 reviews on Google. They make quick lowball cash offers within just 24-48 hours of your request.
8. Sundae Real Estate
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 to offload properties as-is. No matter the home’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.
9. Orchard Homes
LOCAL AGENTS
Service Fee: 3% to 13%4.9/5
Orchard Real Estate, established in 2017, is a real estate cash buyer that finances the purchase of a new home before selling the old one. They offer 2 packages for cash property sellers:
1. Move First: You will get hard cash to buy a new house before selling your old home with Orchard’s “Move First” home trade-in package.
2. Offer Boost: With this package, you can use the cash that Orchard pays for your current home. Orchard reps will make an all-cash offer on your next house in 1 to 3 business days.
- Service Fee: 3% to 13% of Home Sale Price
- Typical Offer: 70% to 80% of Fair Market Value (FMV)
- Types of Properties Purchased: Orchard Homes offer cash for all types of properties that need minimal repairs while calculating the reselling profits. Home sellers with distressed properties may not receive a cash offer.
- Closing Date & Offer Terms: With Orchard Homes, you can close the transaction within 20 to 30 days. They offer interest-free loan to cover down payments, closing costs, and mortgage payments for up to 120 days.
👉 Our Take: If you want a fast, predictable sale & don’t mind leaving some cash on the table, then Orchard Homes might be the best option for you. However, with Houzeo, your house will get max exposure to cash home buyers nationwide.
- Hassle-free Home Trade-In and Financing: With Orchard’s Move First package, you can buy your next home even before you sell the current one. Orchard helps you leverage your property for equity, so you don’t need to look for mortgage lenders to finance your next home.
- Orchard Makes Your Home Market-Ready: In both packages, Orchard’s home advisors support you in planning the sale of your current home.
- You Can Sell Directly to Orchard: On the off-chance that your property doesn’t get an offer on the open market, you can sell to Orchard directly. As per the agreement you sign at the time of listing, Orchard includes a clause to buy your home if it doesn’t sell on the MLS.
»How Does Orchard Work? Read further to know Houzeo is better.
- High Service Fees— 3% to 13%: The service fee plus closing costs and repayment expenses of the old mortgage are around 3% and may increase to 13%. The final home sale proceeds can be even lower than what you get when selling with a 6% commission Realtor!
- Repair Estimates are Too Costly: Orchards’ repair estimate and renovation costs can be expensive, and this may drastically reduce the seller’s final profits.
- Coverage: Orchard covers 21 states in the US. Their presence in 21 states indicates a significant reach across the country.
- Low-Ball Cash Offers: Customers have complained about lowball cash offers and waiting for 30 days to receive the initial cash advance. If you need to sell your home quickly for cash, then such delays would feel like shooting oneself in the foot!
Orchard Real Estate has an average rating of 4.9 out of 5 stars on Google.
» Orchard Review: Is Orchard Homes worth your time in 2024?
Orchard Homes, formerly known as Perch, is a real estate cash buyer. They make homeownership affordable for sellers who don’t want to go through the hassle of getting a conventional mortgage.
They finance your next home while you sell the current one. However, Orchard’s 6% service fee can go up to 13%, reducing your earnings.
10. 1-800-CashOffer
NATIONAL COVERAGE
Service Fee: None5/5
1-800-CashOffer is a property tech company offering service across all the 50 states. They are local home buyers who do not charge any commissions or apply discounts to the offer price.
- Service Fee: None
- Typical Offer: 50% to 70% of Fair Market Value (FMV)
- Eligible Properties: 1-800-CashOffer purchase commercial buildings, duplexes, quadplexes, condos, townhouses, apartment complexes, bare land, and mobile homes with land attached.
- Closing Offer Terms: The cash home buyer begins the home purchase process on the date on time of your choice. Additionally, the company can close the sale within a week, or at a later date if you need more time to relocate.
👉 Our Take: 1-800-CashOffer is perfect for home sellers seeking a stress-free move, as the company handles everything, from clearing out old furniture to removing trash and clutter.
- No-Obligation Deal: The cash buyer makes you an offer and lets you evaluate all the options. You can choose to sell to them only if you are satisfied with their services and offers.
- Zero Service Fees: 1-800-CashOffer doesn’t charge any transaction fees, commissions, or repair costs.
- Buys Distressed Properties: The cash company buys completely fire damaged and outdated homes in as-is condition.
» Pros and Cons of 1-800-CashOffer: Read further to know the advantages and disadvantages of the cash home buyer.
- Low Non-Negotiable Offer: 1-800-CashOffer buys homes for ~50% to 70% of the property’s market value, and is usually non-negotiable.
1-800-CashOffer has 5 out of 5 stars from 1 customer review on the Better Business Bureau.
» 1-800-CashOffer Reviews: Read our in-depth analysis on the cash buyer.
1-800-Cash Offer is one of the oldest cash home buyer networks in the U.S. You can call +1-800 toll-free to request cash for your property. These home cash buyers will only offer up to 70% of the home’s fair market value.
Top “We Buy Houses for Cash” Companies Near You
Are Companies That Buy Houses for Cash 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
- 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 We Buy Houses.
- iBuyers: They offer instant cash offers that are 70% to 80% of the FMV. Additionally, Opendoor and Offerpad have 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
If you’re wondering how to sell your home for cash, 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” Companies Pay?
Cash buyers 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 $432,849 home. With a traditional cash home buyer, you could get just $302,994. But, with a cash buyer marketplace like Houzeo, you only pay $749 and get up to $432,100!
| Service Provider | Service Fee | Potential Offer (of the ARV) | Actual Offer Amount |
| Cash Buyer | None | 70% | $302,994 |
| iBuyer | 5% | 80% | $346,279 |
| Houzeo | $749* | Up to 100% | $432,100 |
📢 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
✅ Pros
- Fast Cash Sale: Typically, sellers must list on MLS and wait for potential buyers. “We Buy Houses for Cash” companies offer a cash deal within 24-48 hours.
- Flexible Closing: Cash buyers 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: America’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 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
- List Your Home With a Flat Fee MLS Service: You can get up to 100% of your home’s market value with a 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 Realtor, you will have to shell out a 5% to 6% commission. That’s $25,971 on a $432,849 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 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 will help you list on the MLS and increase exposure.
Should You Sell to Companies Buying Houses?
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
What is the best company that buys houses for cash?
Houzeo is the best cash marketplace for selling homes for cash in the US. 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 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 house?
You can sell your house in 7 to 30 days when selling to cash buyers.
» How to Sell a House Fast: Learn how you can get your home sold in no time in the US.
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.
