If you are looking to sell your house, then probably the first thing you would do is find a real estate agent. The problem with working with agents is that their process takes a lot of time. A better option is to work with companies that buy houses for cash. These companies evaluate your property and will make you an instant offer.
If you accept the offer, the deal is closed within no time. This will help you sell your house quickly allowing you to get cash within weeks. If you are selling your house because you want quick cash, then this is a great option.
There are many such cash companies who will buy your house. To make your work easy, we have compiled a list of the 6 best companies. You can contact any of them to get an offer for your house. If you like the offer, go ahead and close the deal.
Companies that buy homes for cash
Companies that buy houses for cash are those that are on the lookout for good deals. They would have specific criteria to decide on the homes to buy. They would usually buy from select areas. In many cases, they may offer a price slightly lesser than the prevalent price. But since you can save on commission, the deal would work out.
Further, these companies close the deal very fast (anywhere from 2 to 6 weeks). This ensures you can get money instantly. iBuyers or instant buyers buy homes based on an analysis of the area and market conditions. They would then sell the house to others. Similarly, house flippers buy a home, make improvements to it, and then sell it for a profit.
It is beneficial to sell to these companies since you can close the deal fast and get cash quickly. Selling the conventional way takes a lot of time. By the time you get the money, many months would have elapsed. When you sell to companies for cash, you can get money quickly for your needs.
6 Best Cash Companies for your Real Estate Needs
1) Houzeo
Houzeo is one of the well-known companies in the market with a great reputation. Houzeo Reviews on most websites praise them for the hassle-free transactions and excellent customer service support. Houzeo is a flat fee MLS company that has made the process of buying and selling homes easy. When you list your property on their website, there would be iBuyers and others who would view the listing.
These companies would make an offer to you based on your listing. When you approach other companies, you will get an offer from that particular company only. The advantage of listing on Houzeo is that you will get offers from multiple companies. That gives you the flexibility of being able to choose from any company of your choice. The biggest benefit is the savings you make by working with Houzeo.
2) Homevestors
This company has an interesting tagline stating we buy ugly houses. They specialize in looking for homes that are not so attractive. Once they buy the home, they would renovate or make modifications to beautify the home. They would then sell it for a higher profit. Homevestors also buy distressed properties. These are homes where the owner is facing problems and is looking for a quick sale.
The company’s operations since 1996 have helped more than 100,000 owners sell their homes for cash. On average, they close the transaction within 3 weeks of starting the process. Their biggest benefit is that they don’t charge any closing fees.
3) OpenDoor
OpenDoor is an iBuyer company that buys your home for cash. This company is the No. 1 iBuyer company in the US. Their model works on identifying potential homes based on the market, age of the home, and other such factors. They use technology for their analysis. Once they study the home details, they would make an offer.
Sellers can close the deal in a very fast space. OpenDoor is known to close deals as early as within 14 days. Working with OpenDoor could be tough for first-time sellers, but experienced sellers would be comfortable. They charge a 5% service fee plus repair charges.
4) Redfin Now
Redfin is one of the most well-known real estate companies. The company is a full-service brokerage operational throughout the country. They have an iBuyer division known as Redfin Now. Through this division, they buy homes for cash. Being an iBuyer, they study the home and respond quickly with an offer.
If the seller likes the offer and accepts it, the deal can be closed quickly. They charge various types of fees. A 1.5% fee is charged for listing on their website. They also charge a final fee on sale that works out to be 5% to 13% of the home price. Operational in eleven states, they make selling homes convenient.
5) Home Light
Home Light is a real estate company that buys homes for cash. They have a business model that is slightly different from others. They are a trade-in company. Home Light buys homes from sellers and settles quickly so they earn cash. The sellers can then use the money to buy a new home.
Their service is best suited for those who want to sell their old homes and buy a new one. The company can work with the seller’s agent to close the deal quickly. Their fees vary from 1% to 3%. The transparency of the company has been appreciated by customers.
6) Offerpad
Offerpad is another leading company in the real estate sector that buys homes for cash. With a customer rating of 4.6/5, the company is known for its customer-friendly approach. While most iBuyers tend to pay less than the market price, Offerpad has a reputation of paying the market price. This is beneficial for sellers.
They charge 5% of the sale price as a service fee for the transaction along with a 1% closing fee. Their operations are spread over sixteen states, making it convenient for you to sell them your home. You can expect a quick sale when you work with them.
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