If you wish to sell your home and receive cash and return, then you will be glad to know that there are big and reputed companies that buy houses for cash. They can help you sell your home quickly and easily. They provide cash without any hassle and often provide instant cash offers, as per your timeline. However, the biggest drawback of selling your home for cash is that you don’t get the full price for your home.
We Buy Houses for cash companies pay nearly 50% of FMV or fair market value is the home. Most often, these companies buy houses that require major repairs. iBuyers companies make offers that remain close to FMV or fair market value but are still, not what you may get from the direct buyers in the open market.
How to sell your home for cash?
If you are going to accept a cash offer, then firstly you must look for a professional home valuation expert. This experienced local realtor can help you know what your home is worth. Then, you can compare the cash offer to what your house is worth. This will help you know the actual sale price.
To sell a home and get cash in return, you can opt for We Buy Houses for cash companies or iBuyer companies. The former is best for the homeowners who are in a difficult situation and have a damaged home. If your home needs significant repairs, facing a foreclosure, or inherited the home due to the death of the previous owner, you can connect with We Buy Houses for cash companies.
iBuyers are preferred by the homeowners who have houses that do not need many repairs. They offer a hassle-free sale. The company provides operations in around 40 major cities. They also have a strict purchasing criterion.
Lastly, you can list your home with a real estate agent. The agent will provide you with a lot more money than the ones mentioned above. They can also help you sell quickly. If you can wait for some time, then hiring an experienced realtor makes sense. They may help you find a buyer in the niche of a time. it is suggested that before selling your home to a cash buyer, speak to the real estate agent once and get to know your options.
The best companies that buy homes for cash
If you want to know more about the cash buying companies and to find a financial solution for sufficing your needs, here we list the best Cash Buyer companies.
Offerpad
Offerpad charges a 5% service fee and is one of the largest iBuyer. Offerpad offers higher flexibility than others. The clients are also allowed to extend their closing for about 90 days. Offerpad buys houses in as many as 25 cities. Offerpad reviews say that you may also receive a preliminary offer within 24 hours which can be closed in just 8 days.
The company is best known for its personalized customer support and facilities such as a free local move within 50 miles. As per Offerpad reviews, they have a more generous closing window than other competitors in the market. Due to the late checkout option, the sellers get, up to 3 days to move out when the closing is done, it has become a favorite platform for many. You can also avail additional services.
However, like many other companies, even Offerpad has some downsides such as a 1% of cancellation fee if you cancel the sale. Also, the company is not widely available as its competitors such as Opendoor. Offerpad buys homes in 25 locations only like AZ: Phoenix, Tucson, CA: Riverside, Sacramento, San Bernardino, FL: Jacksonville, Orlando, Tampa, IN: Indianapolis, NV: Las Vegas, NC: Charlotte, Raleigh, TN: Nashville, TX: Austin, Dallas-Fort Worth, Houston, San Antonio, etc.
Opendoor
Opendoor pays much more for houses compared to other companies like Offerpad. As per Opendoor reviews, the deal can extend for 60 days. Opendoor is identified as one of the largest and most well-known iBuyers. They operate in around 47 cities across the country.
Opendoor is best for home sellers who need to close fast. They are reliable and the services are simple to use. You can sell with Opendoor with minimal hassle. The price that Opendoor pays may be lower than what you get in the open market, but this difference is worth it for the people who prioritize comfort and speed over price. Opendoor can purchase homes in 47 locations like AZ: Phoenix, Tucson, CA: Los Angeles, Riverside, Sacramento, San Diego, FL: Jacksonville, Orlando, Tampa, NV: Las Vegas, NC: Asheville, Charlotte, Raleigh-Durham, TX: Austin, Dallas-Fort Worth, Houston, San Antonio, and more.
Opendoor charges a 5% service fee, which is lower than many other competitors. They provide add-on in-house services too like Opendoor Home Loans, OD Title, and more. If you read the reviews of Opendoor or study customers’ online Opendoor reviews, then you will know that the company has a big fan base.
The downsides of the companies are also important to be shared. Their offer prices may depend on the market. Also, there is a remote chance of negotiation. Some buyers also find Opendoor’s repairs inadequate.
We Buy Ugly Houses
We Buy Ugly Houses or HomeVestors is considered one of the largest and most reputed We Buy Houses companies. They have more than 800 franchise locations. The company has a good reputation in the market. They have great brand positivity too. Like many other cash buyers, they provide a low price point or close to 50% of FMV.
If your home is in poor condition, then it is best to list it with this realtor. You may end up getting many offers from local real estate investors compared to the open market.
RedfinNow
RedfinNow also buys houses in 31 cities. The company also buys vacant houses. RedfinNow charges a service fee of 5 to 13%. The fee charges are based on the location and condition of your home. The charges are more expensive than other companies that buy houses for cash. RedfinNow is affiliated with Redfin, which is one of the biggest discount real estate brokers. As they are willing to accept older homes and have wide availability, the company has been growing.
RedfinNow offers services in several locations such as AZ: Phoenix, CA: Inland Empire, Los Angeles, Orange County, San Diego, San Francisco, etc, TX: Austin, Dallas, Houston, San Antonio, etc.
