If you’re interested in selling your home, there is no shortage of companies that will buy it from you.
This article will show you several companies — both iBuyers (“instant buyers”) and traditional firms — that buy houses for cash. We’ll also fill you in on what you need to know about them.
Companies That Will Buy Your Home for Cash
If you’re a homeowner, especially in a big city, you may have gotten phone calls, letters or even texts from investors asking if you’re interested in selling your house.
Money expert Clark Howard sold a condo with the help of an iBuyer and really enjoyed the experience.
“What was really different about working with an iBuyer is that they send in a professional whose job it is to see what at your place would hurt its ability to sell or the price that it would sell for,” Clark says.
Because many of these companies specialize in quick sales, the whole process can move rather fast, even uncomfortably so!
That’s why it’s always good to do your research on any company you plan to do business with. With that said, we’ll discuss some pitfalls to look out for at the bottom of this article.
But first, let’s look at some companies that buy homes for cash.
These Companies Buy Houses for Cash
|1-800 Cash Offer||Operates in all 50 states|
|HomeGo||Offers same-day cash offers|
|HomeVestors||Known as the "We Buy Ugly Houses" network|
|iBuyHomes||Typically closes home sales in a week|
|Knock.com||Lists your home and will buy it if no one else does|
|Need to Sell My House||Contacts you within 24 hours after your online request|
|Networth Realty USA||Promises to sell your home in any condition|
|Opendoor.com||Provides a cash offer within 24 hours|
|Offerpad||One of the most well-known iBuyers in America|
|Orchard||Helps to find you a new home|
|The Buy Guys||Buys houses for cash in Florida, Georgia and Texas|
|We Buy Houses||Promises to sell your home regardless of condition|
|Zillow||"Zestimate" tool shows you what your house is worth|
Below, you’ll find more information on the companies that buy homes for cash.
1-800 Cash Offer
No matter where you live in the United States, 1-800 Cash Offer, may be willing to make a cash offer on your home.
The company can close on a home sale in as little as a week, according to its website.
HomeGo enlists licensed real estate agents to work with you.
After an in-home walkthrough, a HomeGo agent could offer you a same-day cash offer, according to the site.
One of the largest home-buying companies is HomeVestors. It operates the We Buy Ugly Houses franchises across America.
The buying process begins when a HomeVestors property specialist comes to your home for a consultation.
From there, you can expect an offer. HomeVestors will pay all normal closing costs and you don’t have to repair or clean the home, according to the company’s website.
iBuyHomes handles all aspects of the home buying and selling process, including financing. The company typically closes home sales within a week, according to its website.
Knock is an iBuyer that gets your home ready to sell and lists it. If no buyer can be found, Knock buys your home for an agreed-upon price, according to the website’s FAQ page.
Clark used Knock to sell his condo in Atlanta, Georgia. Read Clark’s review of Knock.
Need To Sell My House
NeedToSellMyHouse.com provides an online form to fill out. Then you’ll be contacted by someone who can make you an offer.
The company says on its website that it is willing to negotiate on price.
Networth Realty USA
Networth Realty USA matches real estate buyers with property sellers. The company has a Cash Offer program that it says provides a quick and easy way to unload your property.
Offerpad is an iBuyer that promises to make you an offer within 24 hours after you provide information about your house through its website.
The company says it also has an “Express” service that provides professional movers as part of a free local relocation package if Offerpad buys your home.
Another popular iBuyer is Opendoor. Its process begins with you providing information about your home through its website. Then Opendoor makes an offer.
The company’s offer has “with no risk of financing fall-through,” according to the company website. But finalization of the offer is based on an in-home assessment, and the offer may change based on the condition of your house.
This iBuyer put an emphasis on finding you a new home before they list your existing dwelling, providing real estate agents to help you.
Once you move into a new place, Orchard gets your home ready to sell with a complimentary cleaning, professional photos, and a 3D tour, the company says on its FAQ page.
The Buy Guys
The Buy Guys will purchase your home regardless of the condition it is in. The entire home-buying process can be done in as little as five days, according to the company website.
We Buy Houses
We Buy Houses is a national network that does just what it name says. Like many of the other companies, it doesn’t require that you make any repairs to your home before selling.
Quick Sale Homes: 3 Things To Know Before the Deal
If you’re thinking of selling your home through one of these companies, here are three pitfalls to be aware of.
- Don’t Take Offense: In business, it is often said that everything is open to negotiation. If you get a low offer, don’t feel insulted. These companies will typically offer you less than your home’s market value. That’s why they don’t require you to make repairs.
- Neighborhood Effect: These sales have the potential to drastically change the look and feel of a neighborhood, sometimes for the worse. Just imagine if everyone started dumping their homes to investors in a short period of time.
- Pressure Tactics: Some of these “We Buy Houses Fast” companies use high-pressure sales tactics once they find out you need cash or are in the middle of a divorce or some other negative financial situation. If you don’t feel comfortable negotiating, have a broker work through the deal for you.