✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.
We Buy Houses is a cash buyer. They are known for purchasing distressed properties. We Buy Houses works in collaboration with local investors.
Editor’s Rating
User Rating
(2 Reviews)
Pros
- We Buy Houses gives cash offers in just 24 to 48 hours.
- They do not charge any service fees and extend no-obligation offers.
- You can close on a date convenient to you.
Cons
- We Buy Houses typically offers 50% to 70% of your home's FMV.
- Your experience depends on the investor you work with.
- You have little to no room to negotiate your cash offer.
We Buy Houses is a cash buyer company. They cover major markets in the US. You can sell your home to We Buy Houses as-is. Also, you need not pay any agent commissions or other seller-related fees.
We Buy Houses works in collaboration with investors. These investors are traditional home flippers. Their objective is to acquire homes at competitive prices, repair them, and then sell for a profit. If you don’t find a mutually agreeable price with them, it may impact the overall equity of your home.
To get Fair Market Value for your home, you should list it on the MLS. An MLS listing attracts multiple offers from cash buyers. So, you can pick an offer closest to the FMV of your house.
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✍️ Editor’s Take: We recommend listing your home on the MLS via Houzeo. Houzeo’s tech-centric platform helps you manage multiple offers and accept the best deal. Compare We Buy Houses vs. Houzeo.
Is We Buy Houses Legit?
Yes, We Buy Houses Inc. is a legitimate cash buyer based in Texas. The company was founded by Jeremy Brandt in 1997. According to their website, they have worked with over 1 million homeowners.
We Buy Houses partners with local home flippers to offer services. They don’t have any brick-and-mortar locations in the US. Their investors use We Buy Houses’ brand name and marketing system. While such a business model is common, it usually results in inconsistent service quality.
How Do We Buy Houses Work?
We Buy Houses doesn’t extend preliminary offers. If you want a cash offer, here’s how the process goes:
- Enter Your Property Details: Add property type, number of bedrooms and bathrooms, and asking price. Additionally, you need to provide the reason for the home sale.
- Schedule a Home Visit: A We Buy Houses representative will come to your house for an inspection after you provide details.
- Receive the Cash Offer: WeBuyHouses.com extends a cash offer within 24 to 48 hours after the home inspection.
We Buy Houses extends a no-obligation cash offer. The offer is valid for 30 days. If you accept the offer, they usually close within 7 to 14 days.
We Buy Houses Coverage
The We Buy Houses network is spread over 200 markets across the country. They cover major areas like Philadelphia, Los Angeles, Atlanta, Austin, and Phoenix.
How Much Do We Buy Houses Pay?
Most cash buyers usually offer 50% to 70% of your home’s market value. This is standard industry practice for cash transactions. We Buy Houses does not disclose any information regarding pricing on their website. Nonetheless, you can expect a similar payout.
For example: For a home worth $300,000, webuyhouses.com’s offer could range between $210,000 – $150,000.
We recommend you list it on the MLS. Multiple cash buyers extend offers on MLS listings, which can create a bidding war. So, you are most likely to get the Fair Market Value of your property. In case, you don’t get an offer that matches your expectations, you can sell the traditional way.
Now we know an MLS listing requires thousands in agent commissions. But you can ditch that with a Flat Fee MLS listing company. This means most of your home’s equity is in your pocket.
» What’s My Home’s Value: You can know your home’s market value with Houzeo’s free Home Worth Estimator. It helps you estimate the amount you will get upon sale.
We Buy Houses Reviews
Based on 5 reviews, webuyhouses.com has a 2.6 out of 5 stars on BBB.
Webuyhouses.com Praises
✅ Jill was thrilled with how quickly she received a cash offer from We Buy Houses.
Scott Hurt and TJ Maurer of WBH are top notch. I needed to sell my home to relocate and had let the maintenance of my home slide…Scott and TJ were accommodating with my timeline to vacate and made the closing of my home a breeze. No closing costs, no hassle. It literally took 15 minutes.
Source: BBB
✅ Larae shed light on the We Buy Houses representative’s professionalism.
Top notch professionalism from start to finish! Promises were made and kept. The deal was fair to all parties and he went the mile to make sure the deal was a complete success.
Source: BBB
Webuyhouses.com Complaints
❌ Justin was frustrated with We Buy Houses’ spammy marketing tactics.
I have been called several times by this company’s representatives to ask about purchasing my house. I have said several times to be taken off their call list and I have reminded them each time I’ve got a call from them that I’m on the national do not call list.
Source: BBB
❌ Vanessa was furious about the random calls from WBH representatives.
I keep getting texts from “new people” from this company, and no matter how many times I reply STOP and report them as spam to my carrier, I keep getting more.
Source: BBB
We Buy Houses: Pros and Cons
Let’s evaluate the pros and cons of We Buy Houses to see if they are the ideal choice for you.
👍 Pros
We Buy Houses offers some benefits over the traditional home-selling process.
- As Is Home Purchase: We Buy Houses purchases homes as is. So, even if your property is facing foreclosure or needs heavy repairs, you will get a cash offer.
- Fast Cash Offer: We Buy Houses extends cash offers within 24-48 hours.
- Quick Closing: We Buy Houses claims to close in about 7-14 days. The company is flexible with the closing timeline and can close on a date that is suitable for you.
- No Service Fees: This cash buyer doesn’t charge any service fees.
- Nationwide Coverage: We Buy Houses has an extensive network across the US. They cover major markets like Atlanta, Austin, and Dallas.
👎 Cons
Here are certain limitations with We Buy Houses.
- Lowball Cash Offers: As We Buy Houses is a cash buyer, you are likely to get a cash offer around 50% to 70% of the home’s market value.
- Inconsistent Quality of Service: Local real estate investors own and run We Buy Houses offices independently. So, your experience will depend on the investor you work with.
- Little to No Scope for Negotiation: With We Buy Houses, you don’t have room to negotiate your cash offer.
- You Don’t Get a Preliminary Offer: We Buy Houses doesn’t give you an initial offer before inspection by their company representative.
We Buy Houses Competitors
» Jump to: We Buy Houses vs. Houzeo | We Buy Houses vs. HomeVestors | We Buy Houses vs. Offerpad
1. We Buy Houses vs. Houzeo
We Buy Houses extends a cash offer with a hassle-free home-selling process. However, you have to pay for this convenience by accepting a lowball offer.
On the other hand, Houzeo helps you sell a home as-is while getting most of your home’s equity. Top cash buyers in the market like Opendoor and HomeVestors extend offers on Houzeo’s MLS listings. This creates a bidding war and hence you get better offers.
| We Buy Houses | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 2.6 stars (5 reviews) | 4.9 stars (7,473 reviews) |
| Closing Timeline | 7 to 14 days | 2 to 60 days |
| Fees/Commissions | ❌ | $399 |
| Scope for Negotiation | ❌ | ✅ |
| Offer Comparison | ❌ | ✅ |
| Multiple Cash Offers | ❌ | ✅ |
| Consistent Services | ❌ | ✅ |
2. We Buy Houses vs. HomeVestors
Like We Buy Houses, HomeVestors is also a cash home buyer franchise. They extend offers that are 50% to 70% of the home’s FMV. However, with HomeVestors, you have the chance to negotiate and get a somewhat better deal.
HomeVestors takes 3 weeks to close on the property. With We Buy Houses, you can do it in 7-14 days. So, if you need cash ASAP, you should go with We Buy Houses. But if you can wait for a few more days, you should sell with HomeVestors.
3. We Buy Houses vs. Offerpad
Offerpad is an iBuyer and offers a better deal than We Buy Houses. They offer around 70% to 80% of your home’s worth. Moreover, they claim to close on the house in 8 days—perfect for sellers on a time crunch.
Being an iBuyer, Offerpad has stringent home purchase criteria. They only buy houses that are in good condition. So, if your property needs repairs, Offerpad is not the ideal choice for you.
“We Buy Houses for Cash” Companies Near You
You can find multiple cash offers through various “We Buy Houses As Is” companies in the market.
Other Options You Should Consider
- Sell For Sale By Owner: For Sale By Owner websites help you list and sell a house yourself, saving thousands in agent commissions. Around one-third of home buyers pay in cash. Hence, selling FSBO helps you to get 100% FMV of your house in cash.
- Sell Through a Realtor: Traditional Realtors list your property on the MLS and help you at every step of home selling. However, you have to pay them 3% of the home’s sale price for this convenience.
- Sell Through Discount Realtors: Discount real estate brokers reduce their commissions to offer affordable services. Their commission varies between 0.5% and 2%.
Should You Sell Your House to WeBuyHouses.com?
We Buy Houses can be a good option if you want cash for your home. With them you don’t have to pay any closing costs and can sell your house in as-is condition. However, based on standard industry practice, their cash offer will range around 50% to 70% of your home’s worth.
If you don’t want to compromise thousands of dollars, you should list your home on the MLS. An MLS listing gives you wide exposure to cash buyers, which means a better offer on your home.
We recommend listing your home on the MLS with Houzeo. Houzeo’s tech and mobile app help you compare multiple offers, negotiate, and grab the best deal. That means a hassle-free sale with most of your home’s equity.
» Houzeo Reviews: See how Houzeo has helped more than 7,000 home sellers get top dollar for their homes.
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Frequently Asked Questions
What is We Buy Houses?
We Buy Houses is a network of real estate investors who buy houses without repairs. They purchase properties for a low price, repair them, and sell them to earn a profit. We Buy Houses caters to sellers who are in immediate need of cash and buys almost all types of houses.
Is Webuyhouses.com legitimate?
Yes, We Buy Houses is a legitimate cash buyer. The company was founded in 1997 by Jeremy Brandt. We Buy Houses partners with local house flippers to achieve extensive coverage.
Who Owns We Buy Houses?
The brand We Buy Houses is owned by Jeremy Brandt, who founded it in 1997. However, their individual offices are owned and operated by local cash buyers. They pay We Buy Houses to use their brand name and marketing system.
How much does We Buy Houses pay?
We Buy Houses uses the 70% rule to determine their cash offers. So, they only pay 70% of your home's ARV minus the cost of repairs.
Reviews
(2 Reviews)
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Terri
Verified Reviewer
17th Dec 2023
We buy houses does not buy your house …there making money off selling your house…they actually trying to sell my house now..haven’t paid a dime …find a private buyer…sign nothing.. definitely stay away from WE BUY HOUSES.COM….(Kyle) this guy is not truthful….🏃 as fast as you can
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Laura Ward
Verified Reviewer
7th Feb 2024
Poor service. I sent in pictures of my property but no response. Don’t waste your time with this company.
